Taking Stock, December 2013 : An Update on Vietnam's Recent Economic Developments

Macroeconomic stability in Vietnam is improving, underpinned by moderating inflation and strengthening external accounts. Headline Consumer Price Index (CPI) inflation has stabilized, aided by subdued credit growth and easing of food price increase...

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Bibliographic Details
Main Author:	World Bank
Format:	Economic Updates and Modeling
Language:	English en_US
Published:	Hanoi 2014
Subjects:	ACCESS TO INFORMATION ACCOUNTING ADVANCED ECONOMIES ARREARS ASSET MANAGEMENT ASSET PORTFOLIOS AUCTION BAILOUT BALANCE OF PAYMENT BALANCE OF PAYMENTS BALANCE SHEETS BANK LENDING BANK LOAN BANKING SECTOR BANKING SECTOR REFORMS BANKING SECTORS BANKING SYSTEM BANKRUPTCY BANKRUPTCY LAW BARRIERS TO ENTRY BASIS POINTS BENEFICIARIES BOND ISSUANCE BOND ISSUANCES BOND SPREADS BROAD MONEY BUSINESS CLIMATE BUSINESS ENVIRONMENTS CAPITAL ACCOUNT CAPITAL FLOWS CAPITAL INFLOWS CAPITAL INVESTMENT CAPITAL INVESTMENTS CASH BALANCES CDS COLLATERAL COMMERCIAL BANKS COMMODITY COMMODITY EXPORTS COMMODITY PRICE COMMODITY PRICES CONFIDENCE INDEX CONSUMER PRICE INDEX CONTINGENCY PLANNING CORPORATE DEBT CORPORATE GOVERNANCE CORPORATE TAX RATE COUNTRY MARKETS CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT EXPANSION CREDIT GROWTH CREDIT INSTITUTIONS CREDIT MARKET CREDIT QUALITY CREDITOR CREDITOR RIGHTS CURRENT ACCOUNT SURPLUS DEBT COMPOSITION DEBT FINANCING DEBT MANAGEMENT DEBT MATURITY DEBT REPAYMENT DEBT RESTRUCTURING DEBT SERVICING DEBT SERVICING COSTS DEBTS DEPOSIT DEPOSITOR DEPOSITS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DISCOUNT RATE DIVERSIFIED MARKET DOMESTIC BANKS DOMESTIC BONDS DOMESTIC DEBT DOMESTIC MARKET ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC RISKS EMERGING MARKETS EQUIPMENT EQUITY ISSUANCE EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT COMPETITIVENESS EXPORT MARKETS EXPORT PERFORMANCE EXPORT SHARE EXPORTERS EXTERNAL DEBT EXTERNAL TRADE FINANCIAL CRISIS FINANCIAL HEALTH FINANCIAL INFORMATION FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL STATEMENTS FINANCIAL SUPPORT FINANCIAL SYSTEM FIRM PERFORMANCE FISCAL CONSOLIDATION FISCAL DEFICIT FISCAL DISCIPLINE FISCAL POLICIES FISCAL POLICY FLOOR PRICES FOOD PRICE FOOD PRICES FOREIGN BANKS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE RESERVES FOREIGN INVESTMENT FOREIGN INVESTOR FOREIGN INVESTORS FUTURES FUTURES MARKETS GLOBAL CAPITAL GLOBAL CAPITAL MARKET GLOBAL ECONOMIC PROSPECTS GLOBAL MARKET GLOBAL MARKETS GLOBAL TRADE GOVERNMENT ACTIONS GOVERNMENT BONDS GOVERNMENT DEBT GOVERNMENT GUARANTEES GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES INCOME INCOME TAX INCOMES INFLATION INFLATION RATE INFORMATION DISCLOSURE INFORMATION TECHNOLOGY INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKET INTERNATIONAL RESERVES INVENTORIES INVESTING INVESTMENT FUNDS INVESTMENT GRADE BORROWERS INVESTMENT RATE INVESTMENT SPENDING INVESTOR CONFIDENCE LACK OF TRANSPARENCY LEGAL FRAMEWORK LEGISLATIVE FRAMEWORK LEVEL OF DEBT LIQUIDITY LIVING STANDARDS LOAN CLASSIFICATION LOCAL CURRENCY LONG-TERM INTEREST LONG-TERM INTEREST RATES MACROECONOMIC CONDITIONS MACROECONOMIC POLICIES MACROECONOMIC STABILITY MARKET CONDITIONS MARKET ENVIRONMENT MARKET PRICE MARKET SIZE MARKET TRENDS MATURITIES MATURITY MIDDLE-INCOME COUNTRY MONETARY FUND MONETARY POLICIES MONETARY POLICY MONEY SUPPLY NON-PERFORMING LOANS NPL OPEN ECONOMIES OUTSTANDING PUBLIC DEBT OWNERSHIP STRUCTURES PERC POLICY RESPONSE PORTFOLIO POWER PARITY PRIVATE INVESTMENT PRIVATE SALE PUBLIC DEBT PUBLIC DEBT STOCK PUBLIC INVESTMENT PUBLIC SECTOR DEBT PURCHASING POWER REAL ESTATE REGULATORY CONSTRAINTS REGULATORY FRAMEWORK REMITTANCE REPAYMENT CAPACITY RESERVE RETURN RETURNS RISK AVERSION RULE OF LAW SAFETY NETS SECURITIES SOCIAL CAPITAL SOVEREIGN BOND SOVEREIGN RISK STATE BANK STRATEGIC INVESTORS TAX BREAKS TAX COLLECTIONS TAX EXEMPTIONS TAX INCENTIVES TAX RATES TAX REGIME TIMELY PAYMENT TRADE BALANCE TRADE LIBERALIZATION TRADING TRANSPARENCY TREASURY WITHDRAWAL
Online Access:	http://documents.worldbank.org/curated/en/2013/12/18639280/taking-stock-update-vietnams-recent-economic-developments http://hdl.handle.net/10986/16731

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Summary:	Macroeconomic stability in Vietnam is improving, underpinned by moderating inflation and strengthening external accounts. Headline Consumer Price Index (CPI) inflation has stabilized, aided by subdued credit growth and easing of food price increases. The decline in core inflation has been more gradual. Pressure on the Vietnamese currency has also eased substantially. A sustained recovery in Gross Domestic Product (GDP) growth remains hampered however by slow-moving structural reforms and global uncertainty. With rising pressures on the budget, the government is faced with some crucial fiscal policy choices, as it seeks to balance the objectives of economic expansion and macroeconomic stability. This paper explores crucial issues such as trade facilitation, competitiveness and growth, poverty and inequality, corruption and economic growth in Vietnam, the external economic environment, and recent economic developments in Vietnam.

Taking Stock, December 2013 : An Update on Vietnam's Recent Economic Developments

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