Vietnam: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam

July 5, 2017

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Format: Chicago

Vietnam: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam, (USA: International Monetary Fund, 2017) accessed December 22, 2024

Summary

This 2017 Article IV Consultation highlights that Vietnam’s dynamic economy continues to perform well, aided by sound economic fundamentals. Growth moderated to 6.2 percent in 2016, reflecting the impact of a drought and land salinization on agriculture and lower oil production. Weakness in the oil sector continued in the first quarter of 2017, but the underlying growth momentum remains robust underpinned by strong manufacturing activity and foreign direct investment, robust domestic demand, and a rebound in agricultural production. For 2017, growth is projected at 6.3 percent and headline inflation is projected to stabilize at about 5 percent as administered prices continue to be adjusted.

Subject: Banking, Commercial banks, Credit, Financial institutions, Fiscal consolidation, Fiscal policy, Inflation, Loans, Money, Nonperforming loans, Prices

Keywords: Authorities' effort, Authority, Bank reform, Commercial banks, Core inflation, CR, Credit, Fiscal consolidation, Global, Headline inflation, Inflation, ISCR, Mekong, Nonperforming loans, U.S. dollar, Vietnam, Vietnamese authorities

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/190
Stock No:

1VNMEA2017001
ISBN:

9781484307564
ISSN:

1934-7685

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