Vietnam: Selected Issues

Volume/Issue: Volume 2006 Issue 020

Publication date: January 2006

ISBN: 9781451840315

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Taxation - General , Emigration and Immigration , ISCR , CR , Vietnam , lending , DAF bond , policy lending , DAF operation , trade flow , growth potential , Trade balance , Remittances , Gravity models , Exports , Plurilateral trade , Asia and Pacific , Western Europe

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Summary

This Selected Issues paper for Vietnam reports that the framework for policy lending in Vietnam, in conjunction with the active consideration of proposals to enhance the operational autonomy of policy-lending institutions, poses significant risks. The current framework does not adequately address common governance issues related to state involvement in investment decisions, and is insufficient to ensure the quality of investment. Recommended policy actions include removing residual policy lending from commercial banks, and improving prudential regulations and supervision of the Development Assistance Fund and local development funds well before they are granted any significant autonomy.