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Vietnam: 2010 Article IV Consultation: Staff Report and Public Information Notice

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  • International Monetary Fund

Abstract

Real GDP growth slowed somewhat to 5.3 percent in 2009, its slowest pace since 2000, though Vietnam was among the better performers in developing Asia. An immediate challenge is to consolidate the current stable macroeconomic conditions through prudent policies and better communications. Over the medium term, Vietnam needs to implement fiscal consolidation with a view to lowering the public debt-to-GDP ratio. IMF staff welcomed the move to modernize and strengthen fiscal management. Staff argued for further reforms, as state-owned commercial banks (SOCBs) still do not totally follow market-based business principles.

Suggested Citation

  • International Monetary Fund, 2010. "Vietnam: 2010 Article IV Consultation: Staff Report and Public Information Notice," IMF Staff Country Reports 2010/281, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/281
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    Cited by:

    1. Mohaddes Kamiar & Raissi Mehdi, 2013. "Oil Prices, External Income, and Growth: Lessons from Jordan," Review of Middle East Economics and Finance, De Gruyter, vol. 9(2), pages 99-131, August.
    2. Mai, Nhat Chi, 2016. "Monetary policies and the macroeconomic performance of Vietnam," OSF Preprints akzy4, Center for Open Science.
    3. Nguyen Tra Ngoc Vy, 2016. "Does Profitability affect Debt Ratio? Evidence from Vietnam Listed Firms," Journal of Finance and Economics Research, Geist Science, Iqra University, Faculty of Business Administration, vol. 1(2), pages 87-100, October.

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