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
Volume/Issue:
Volume 2006
Issue 421
Publication date: November 2006
ISBN: 9781451840384
$20.00
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Topics covered in this book
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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , Demography , ISCR , CR , government , banking sector reform roadmap , subsidy , Socio-Economic Development Plan , regulation , SBV governor , gasoline import tariff , government of Vietnam , subsidy element , Vietnamese authorities , bank liquidity , Oil prices , Commercial banks , Global
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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.
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