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

November 29, 2006

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2006) accessed November 23, 2024

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.

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

Keywords: Bank liquidity, Banking sector reform roadmap, Commercial banks, CR, Gasoline import tariff, Global, Government, Government of Vietnam, ISCR, Oil prices, Regulation, SBV governor, Socio-Economic Development Plan, Subsidy, Subsidy element, Vietnamese authorities

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/421
Stock No:

1VNMEA2006008
ISBN:

9781451840384
ISSN:

1934-7685

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