Vietnam: 2001 Article IV Consultation and First Review Under the Poverty Reduction and Growth Facility and Request for Waiver and Modification of Performance Criteria—Staff Report; Staff Statement; Public Information Notice; News Brief; and Statement by the Executive Director for Vietnam

International Monetary Fund

No 2002/004, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper assesses Vietnam’s 2001 Article IV Consultation, First Review Under the Poverty Reduction and Growth Facility (PRGF), and a Request for Waiver and Modification of Performance Criteria. Economic performance has been positive so far in 2001, under the first-year PRGF-supported program. Despite slowing exports, real GDP growth has been relatively robust, inflation subdued, and the external position has strengthened. All but two of the end-June quantitative benchmarks and performance criteria were observed. The authorities are taking corrective steps and pursuing a policy agenda aimed at sustaining growth and protecting macroeconomic stability.

Keywords: ISCR; CR; state-owned commercial banks; guideline; growth; authority; NPL resolution; Vietnamese authorities; SOCB reform; recovery unit; budget revenue; staff appraisal; authorities aim; Credit; Public enterprises; Commercial banks; Bank credit; Global (search for similar items in EconPapers)
Pages: 101
Date: 2002-01-09
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