Vietnam Resident Representative Site
Resident Representative Office in Vietnam
This web page presents information about the work of the IMF in Vietnam, including the activities of the IMF Resident Representative Office. Additional information can be found on the Vietnam and IMF country page, including IMF reports and Executive Board documents that deal with Vietnam.
News — Highlights
Vietnam and the IMF
Vietnam—Gearing Up for the Next Transformation -- Speech By Christine Lagarde, Managing Director, IMF
March 17, 2016
Regional Economic Outlook: Asia and Pacific
While Asia's growth has recently disappointed, the region is expected to grow at a steady 5.4 percent in 2015-16, remaining the global growth leader. Asia's growth should benefit from relatively strong labor markets and disposable income growth along with the ongoing gradual recovery in major advanced economies. Across most major Asian economies, lower commodity prices should help consumption. Negative risks to growth dominate, especially the possibility of a sharper slowdown in China or larger spillovers from the changing composition of China's demand. In addition, further U.S. dollar strength accompanied by a sudden tightening of global financial conditions, weaker growth in Japan, and weaker regional potential growth could also dim Asia's growth prospects. High leverage could amplify shocks, and lower commodity prices will also hurt corporate investment in key commodity-producing sectors. All in all, despite its resilient outlook, Asia is facing a challenging economic environment. This calls for carefully calibrated macroeconomic policies and a renewed impetus on structural reforms to facilitate investment and improve economic efficiency, bolstering economic resilience and potential growth.