Vietnam: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam

March 1, 2021

Preview Citation

Format: Chicago

Vietnam: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Vietnam, (USA: International Monetary Fund, 2021) accessed November 23, 2024

Summary

Successful containment of COVID-19 and strong policy support have helped contain the health and economic fallout, and a strong recovery is underway. Growth in 2020 reached 2.9 percent, among the highest in the world. However, labor market conditions remain weak. Corporate balance sheets have worsened, potentially hampering private investment and job prospects. Banks entered the crisis in a stronger position than in previous years, but weaknesses remain. Vietnam’s economy remains heavily reliant on external trade and is vulnerable to trade tensions.

Subject: Commercial banks, Economic and financial statistics, Expenditure, External sector statistics, Fiscal policy, Public debt, Revenue administration

Keywords: Accommodative monetary policy stance, CPI methodology, CR, External sector statistics, Fiscal policy framework, Global, Government financing data, ISCR, State budget, Th authorities, U.S. dollar

Publication Details

Pages:

95
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2021/042
Stock No:

1VNMEA2021001
ISBN:

9781513570488
ISSN:

1934-7685

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