IMF Staff Country Reports

Vietnam: 2006 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vietnam

Publication Date:

November 29, 2006

Electronic Access:

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Summary:

Overall, macroeconomic performance has remained strong since the conclusion of the last Article IV Consultation. The authorities have introduced market-opening legislation in line with WTO requirements, but state-owned commercial banks (SOCBs) and state-owned enterprise (SOE) reforms remained uneven. The short-term outlook is broadly positive, but medium-term prospects are subject to risks. IMF staff supports the State Bank of Vietnam’s (SBV’s) plan to establish a more flexible exchange rate regime. The balance of payments has remained in surplus.

Series:

Country Report No. 2006/421

Subject:

Commercial banks Expenditure External debt Financial institutions Oil prices Population and demographics Prices Public debt