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

International Monetary Fund

No 2006/421, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 74
Date: 2006-11-29
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