Vietnam: 2019 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Vietnam

July 16, 2019

Preview Citation

Format: Chicago

Vietnam: 2019 Article IV Consultation; Press Release; Staff Report; and Statement by the Executive Director for Vietnam, (USA: International Monetary Fund, 2019) accessed December 21, 2024

Summary

This 2019 Article IV Consultation with Vietnam highlights that gradual fiscal consolidation, strict limits on government guarantees and robust growth in recent years have led to declining government debt, expected to continue under current policies. But while there is some fiscal space, fiscal needs are large, for infrastructure, social spending and to deal with population aging. The tightening of credit growth continued in 2018; however, liquidity remained ample, aided by the strong balance of payments and tight fiscal policies. The State Bank of Vietnam has initiated plans to modernize its monetary framework with IMF technical support. The authorities’ efforts to improve economic institutions and governance continue and the fight against grand corruption has resulted in significant sentences in recent high-profile cases. Improvements in transparency and statistical systems are underway, with support from the IMF and the Financial Action Task Force’s Asia Pacific Group.

Subject: Banking, Basel II, Credit, Economic and financial statistics, Expenditure, External sector statistics, Financial regulation and supervision, Government finance statistics, Money, Public investment spending

Keywords: Asia and Pacific, Basel II, Cash resource, CR, Credit, Credit policies stance, External sector statistics, Global, Government finance statistics, ISCR, Lending, Public investment spending, Revenue, State, State budget, U.S. dollar, Vietnamese authorities

Publication Details

Pages:

94
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2019/235
Stock No:

1VNMEA2019002
ISBN:

9781498326803
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports