Taking Stock, December 2014 : An Update on Vietnam's Recent Economic Developments
The global economy is showing signs of recovery, but at an uneven pace; global growth is expected to rise modestly to 2.6 percent in 2014, and an average 3.3 percent in 2015-17. The gradual strengthening of activity in the Euro Area and especially...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
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Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2014/12/20452861/taking-stock-update-vietnams-recent-economic-developments http://hdl.handle.net/10986/21110 |
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okr-10986-21110 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ASSET MANAGEMENT BALANCE SHEETS BANK BALANCE SHEETS BANK DEBT BANK DEPOSITS BANKING ASSETS BANKING SECTOR BANKING SECTOR REFORMS BANKING SYSTEM BANKRUPTCY BENCHMARK YIELD BENCHMARK YIELD CURVE BID BLUE CHIPS BOND BOND FUNDS BOND MARKET BOND MARKET DEVELOPMENT BUDGET DEFICIT CAPITAL INVESTMENT CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CDS CENTRAL BANKS CENTRAL GOVERNMENT DEBT COLLATERAL COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMMODITY PRICES CONFLICTS OF INTEREST CONSUMER PRICE INDEX CONTINGENT LIABILITY CORPORATE BOND CORPORATE BOND MARKET CORPORATE GOVERNANCE COUPON CREDIT DECISIONS CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT EXPANSION CREDIT GROWTH CREDIT INSTITUTIONS CREDIT QUALITY DEBT LEVELS DEBT RATIO DEBT REDUCTION DEBT SERVICE DEBT-SERVICE DEBTS DEMAND FOR CREDIT DEPOSIT DEPOSITORS DEPOSITS DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT BANK DISCLOSURE OF INFORMATION DISCLOSURE REQUIREMENTS DOMESTIC BANKING DOMESTIC BORROWING DOMESTIC DEBT ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS EQUIPMENT EQUITIES EQUITY MARKET EQUITY MARKET CAPITALIZATION EQUITY MARKETS EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT COMPETITIVENESS EXPORT PERFORMANCE EXTERNAL DEBT FINANCES FINANCIAL DISTRESS FINANCIAL HEALTH FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FINANCIAL SYSTEM FISCAL DEFICIT FISCAL POLICY FIXED INCOME FIXED INCOME MARKET FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE RESERVES FOREIGN HOLDINGS FOREIGN INVESTMENT FOREIGN INVESTORS GLOBAL ECONOMY GOVERNMENT ACCOUNTING STANDARDS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BONDS GOVERNMENT DEBT MARKET GOVERNMENT REVENUE GROSS DOMESTIC PRODUCT HOLDING INCOME SECURITIES INCOME TAX INDEBTEDNESS INFLATION INFLATIONARY EXPECTATIONS INFLATIONARY PRESSURES INFORMATION DISCLOSURE INFRASTRUCTURE INVESTMENT INITIAL PUBLIC OFFERING INITIAL PUBLIC OFFERINGS INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTELLECTUAL PROPERTY INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL INVESTORS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVENTORY INVESTMENT PROJECTS INVESTMENT RATE INVESTOR BASE INVESTOR CONFIDENCE IPO ISSUANCE LACK OF TRANSPARENCY LEGAL FRAMEWORK LEVELS OF COLLATERAL LIQUIDITY LIQUIDITY POSITIONS LOAN LOAN CLASSIFICATION LOAN PORTFOLIOS LOCAL GOVERNMENTS LONG-TERM FINANCE MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC RISKS MACROECONOMIC STABILITY MACROECONOMIC VOLATILITY MARKET CONFIDENCE MARKET DEPTH MARKET ECONOMY MARKET PRICE MARKET STABILITY MATURITY MINORITY SHAREHOLDERS MONETARY FUND MONETARY POLICIES MONETARY POLICY MUTUAL FUND MUTUAL FUND INDUSTRY MUTUAL FUNDS NON-PERFORMING LOANS NPL OWNERSHIP STRUCTURE PENSION PENSION FUNDS PERSONAL INCOME POLICY RESPONSES POLITICAL STABILITY PORTFOLIO PORTFOLIO PERFORMANCE PRICE DISCOVERY PRIMARY DEALER PRIMARY DEALER SYSTEM PRIMARY MARKET PRIMARY MARKETS PROPERTY RIGHTS PROVISIONING RULES PRUDENTIAL REGULATIONS PUBLIC DEBT PUBLIC INVESTMENT PUBLIC MARKET RECURRENT EXPENDITURES RETAIL INVESTORS RETURN RISK MANAGEMENT SAFETY NET SAFETY NETS SAVINGS INSTRUMENTS SAVINGS RATIO SECONDARY MARKET SECONDARY MARKETS SECURITIES SECURITIES MARKETS SOLVENCY SOVEREIGN DEBTS SOVEREIGN RATINGS SOVEREIGN RISK SOVEREIGN RISKS STATE BANK STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKETS STRATEGIC INVESTORS TRADE BALANCE TRADING TRANSPARENCY TREASURIES TREASURY TREASURY BONDS TREATY TURNOVER |
| spellingShingle |
ACCOUNTING ASSET MANAGEMENT BALANCE SHEETS BANK BALANCE SHEETS BANK DEBT BANK DEPOSITS BANKING ASSETS BANKING SECTOR BANKING SECTOR REFORMS BANKING SYSTEM BANKRUPTCY BENCHMARK YIELD BENCHMARK YIELD CURVE BID BLUE CHIPS BOND BOND FUNDS BOND MARKET BOND MARKET DEVELOPMENT BUDGET DEFICIT CAPITAL INVESTMENT CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CDS CENTRAL BANKS CENTRAL GOVERNMENT DEBT COLLATERAL COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMMODITY PRICES CONFLICTS OF INTEREST CONSUMER PRICE INDEX CONTINGENT LIABILITY CORPORATE BOND CORPORATE BOND MARKET CORPORATE GOVERNANCE COUPON CREDIT DECISIONS CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT EXPANSION CREDIT GROWTH CREDIT INSTITUTIONS CREDIT QUALITY DEBT LEVELS DEBT RATIO DEBT REDUCTION DEBT SERVICE DEBT-SERVICE DEBTS DEMAND FOR CREDIT DEPOSIT DEPOSITORS DEPOSITS DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT BANK DISCLOSURE OF INFORMATION DISCLOSURE REQUIREMENTS DOMESTIC BANKING DOMESTIC BORROWING DOMESTIC DEBT ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS EQUIPMENT EQUITIES EQUITY MARKET EQUITY MARKET CAPITALIZATION EQUITY MARKETS EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT COMPETITIVENESS EXPORT PERFORMANCE EXTERNAL DEBT FINANCES FINANCIAL DISTRESS FINANCIAL HEALTH FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FINANCIAL SYSTEM FISCAL DEFICIT FISCAL POLICY FIXED INCOME FIXED INCOME MARKET FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE RESERVES FOREIGN HOLDINGS FOREIGN INVESTMENT FOREIGN INVESTORS GLOBAL ECONOMY GOVERNMENT ACCOUNTING STANDARDS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BONDS GOVERNMENT DEBT MARKET GOVERNMENT REVENUE GROSS DOMESTIC PRODUCT HOLDING INCOME SECURITIES INCOME TAX INDEBTEDNESS INFLATION INFLATIONARY EXPECTATIONS INFLATIONARY PRESSURES INFORMATION DISCLOSURE INFRASTRUCTURE INVESTMENT INITIAL PUBLIC OFFERING INITIAL PUBLIC OFFERINGS INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTELLECTUAL PROPERTY INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL INVESTORS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVENTORY INVESTMENT PROJECTS INVESTMENT RATE INVESTOR BASE INVESTOR CONFIDENCE IPO ISSUANCE LACK OF TRANSPARENCY LEGAL FRAMEWORK LEVELS OF COLLATERAL LIQUIDITY LIQUIDITY POSITIONS LOAN LOAN CLASSIFICATION LOAN PORTFOLIOS LOCAL GOVERNMENTS LONG-TERM FINANCE MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC RISKS MACROECONOMIC STABILITY MACROECONOMIC VOLATILITY MARKET CONFIDENCE MARKET DEPTH MARKET ECONOMY MARKET PRICE MARKET STABILITY MATURITY MINORITY SHAREHOLDERS MONETARY FUND MONETARY POLICIES MONETARY POLICY MUTUAL FUND MUTUAL FUND INDUSTRY MUTUAL FUNDS NON-PERFORMING LOANS NPL OWNERSHIP STRUCTURE PENSION PENSION FUNDS PERSONAL INCOME POLICY RESPONSES POLITICAL STABILITY PORTFOLIO PORTFOLIO PERFORMANCE PRICE DISCOVERY PRIMARY DEALER PRIMARY DEALER SYSTEM PRIMARY MARKET PRIMARY MARKETS PROPERTY RIGHTS PROVISIONING RULES PRUDENTIAL REGULATIONS PUBLIC DEBT PUBLIC INVESTMENT PUBLIC MARKET RECURRENT EXPENDITURES RETAIL INVESTORS RETURN RISK MANAGEMENT SAFETY NET SAFETY NETS SAVINGS INSTRUMENTS SAVINGS RATIO SECONDARY MARKET SECONDARY MARKETS SECURITIES SECURITIES MARKETS SOLVENCY SOVEREIGN DEBTS SOVEREIGN RATINGS SOVEREIGN RISK SOVEREIGN RISKS STATE BANK STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKETS STRATEGIC INVESTORS TRADE BALANCE TRADING TRANSPARENCY TREASURIES TREASURY TREASURY BONDS TREATY TURNOVER World Bank Taking Stock, December 2014 : An Update on Vietnam's Recent Economic Developments |
| geographic_facet |
East Asia and Pacific Vietnam |
| description |
The global economy is showing signs of
recovery, but at an uneven pace; global growth is expected
to rise modestly to 2.6 percent in 2014, and an average 3.3
percent in 2015-17. The gradual strengthening of activity
in the Euro Area and especially the US will boost demand for
exports from developing East Asia and Pacific (EAP), helping
the region sustain its growth performance. There are early
signs of firming up of economic recovery in Vietnam. GDP
growth picked up to a relatively brisk 6.2 percent (y-o-y)
in the third quarter of 2014, contributing to an overall
growth rate of 5.6 percent for the first nine months of the
year. Credit growth continues to come in below target,
hampering the State Bank of Vietnam's efforts to carry
out credit expansion to support economic growth. The
Government has taken some important measures in 2014 to
improve business conditions, which are expected to bear
fruit from 2015 onward. The Government issued Resolution 19
(March 18, 2014), which prioritizes shortening the time for
processing and completion of administrative procedures,
reducing administrative costs, and strengthening
transparency and accountability of state administrative
agencies. The Financial Sector Assessment Program (FSAP)
provides a comprehensive framework to identify financial
system vulnerabilities and develop appropriate policy
responses. Recognizing its importance, in July 2012 the
Government of Vietnam invited the World Bank and the IMF to
initiate an FSAP for Vietnam. In recent years the
Vietnamese economy had shown signs of corporate and
financial distress, and slowdown in GDP growth. In response
to this, the government announced a comprehensive reform
program designed to address the problems faced by the
financial and corporate sectors. The FSAP provides a broad
set of policy recommendations that can be used to
operationalize the SEDP and the banking restructuring
program. The recommendations include recapitalization
plans, the workout of NPLs, regulatory and other reforms,
and the temporary extension of the safety net. |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Taking Stock, December 2014 : An Update on Vietnam's Recent Economic Developments |
| title_short |
Taking Stock, December 2014 : An Update on Vietnam's Recent Economic Developments |
| title_full |
Taking Stock, December 2014 : An Update on Vietnam's Recent Economic Developments |
| title_fullStr |
Taking Stock, December 2014 : An Update on Vietnam's Recent Economic Developments |
| title_full_unstemmed |
Taking Stock, December 2014 : An Update on Vietnam's Recent Economic Developments |
| title_sort |
taking stock, december 2014 : an update on vietnam's recent economic developments |
| publisher |
Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2014/12/20452861/taking-stock-update-vietnams-recent-economic-developments http://hdl.handle.net/10986/21110 |
| _version_ |
1764447350261022720 |
| spelling |
okr-10986-211102021-04-23T14:04:00Z Taking Stock, December 2014 : An Update on Vietnam's Recent Economic Developments World Bank ACCOUNTING ASSET MANAGEMENT BALANCE SHEETS BANK BALANCE SHEETS BANK DEBT BANK DEPOSITS BANKING ASSETS BANKING SECTOR BANKING SECTOR REFORMS BANKING SYSTEM BANKRUPTCY BENCHMARK YIELD BENCHMARK YIELD CURVE BID BLUE CHIPS BOND BOND FUNDS BOND MARKET BOND MARKET DEVELOPMENT BUDGET DEFICIT CAPITAL INVESTMENT CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CDS CENTRAL BANKS CENTRAL GOVERNMENT DEBT COLLATERAL COMMERCIAL BANK COMMERCIAL BANKING COMMERCIAL BANKS COMMODITY PRICES CONFLICTS OF INTEREST CONSUMER PRICE INDEX CONTINGENT LIABILITY CORPORATE BOND CORPORATE BOND MARKET CORPORATE GOVERNANCE COUPON CREDIT DECISIONS CREDIT DEFAULT CREDIT DEFAULT SWAP CREDIT EXPANSION CREDIT GROWTH CREDIT INSTITUTIONS CREDIT QUALITY DEBT LEVELS DEBT RATIO DEBT REDUCTION DEBT SERVICE DEBT-SERVICE DEBTS DEMAND FOR CREDIT DEPOSIT DEPOSITORS DEPOSITS DEVALUATION DEVELOPING COUNTRIES DEVELOPMENT BANK DISCLOSURE OF INFORMATION DISCLOSURE REQUIREMENTS DOMESTIC BANKING DOMESTIC BORROWING DOMESTIC DEBT ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS EQUIPMENT EQUITIES EQUITY MARKET EQUITY MARKET CAPITALIZATION EQUITY MARKETS EXCHANGE RATE EXPENDITURE EXPENDITURES EXPORT COMPETITIVENESS EXPORT PERFORMANCE EXTERNAL DEBT FINANCES FINANCIAL DISTRESS FINANCIAL HEALTH FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTION FINANCIAL INSTITUTIONS FINANCIAL PERFORMANCE FINANCIAL SYSTEM FISCAL DEFICIT FISCAL POLICY FIXED INCOME FIXED INCOME MARKET FOREIGN BANKS FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN EXCHANGE RESERVES FOREIGN HOLDINGS FOREIGN INVESTMENT FOREIGN INVESTORS GLOBAL ECONOMY GOVERNMENT ACCOUNTING STANDARDS GOVERNMENT BOND GOVERNMENT BOND MARKET GOVERNMENT BONDS GOVERNMENT DEBT MARKET GOVERNMENT REVENUE GROSS DOMESTIC PRODUCT HOLDING INCOME SECURITIES INCOME TAX INDEBTEDNESS INFLATION INFLATIONARY EXPECTATIONS INFLATIONARY PRESSURES INFORMATION DISCLOSURE INFRASTRUCTURE INVESTMENT INITIAL PUBLIC OFFERING INITIAL PUBLIC OFFERINGS INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTELLECTUAL PROPERTY INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL INVESTORS INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INVENTORY INVESTMENT PROJECTS INVESTMENT RATE INVESTOR BASE INVESTOR CONFIDENCE IPO ISSUANCE LACK OF TRANSPARENCY LEGAL FRAMEWORK LEVELS OF COLLATERAL LIQUIDITY LIQUIDITY POSITIONS LOAN LOAN CLASSIFICATION LOAN PORTFOLIOS LOCAL GOVERNMENTS LONG-TERM FINANCE MACROECONOMIC ENVIRONMENT MACROECONOMIC POLICIES MACROECONOMIC RISKS MACROECONOMIC STABILITY MACROECONOMIC VOLATILITY MARKET CONFIDENCE MARKET DEPTH MARKET ECONOMY MARKET PRICE MARKET STABILITY MATURITY MINORITY SHAREHOLDERS MONETARY FUND MONETARY POLICIES MONETARY POLICY MUTUAL FUND MUTUAL FUND INDUSTRY MUTUAL FUNDS NON-PERFORMING LOANS NPL OWNERSHIP STRUCTURE PENSION PENSION FUNDS PERSONAL INCOME POLICY RESPONSES POLITICAL STABILITY PORTFOLIO PORTFOLIO PERFORMANCE PRICE DISCOVERY PRIMARY DEALER PRIMARY DEALER SYSTEM PRIMARY MARKET PRIMARY MARKETS PROPERTY RIGHTS PROVISIONING RULES PRUDENTIAL REGULATIONS PUBLIC DEBT PUBLIC INVESTMENT PUBLIC MARKET RECURRENT EXPENDITURES RETAIL INVESTORS RETURN RISK MANAGEMENT SAFETY NET SAFETY NETS SAVINGS INSTRUMENTS SAVINGS RATIO SECONDARY MARKET SECONDARY MARKETS SECURITIES SECURITIES MARKETS SOLVENCY SOVEREIGN DEBTS SOVEREIGN RATINGS SOVEREIGN RISK SOVEREIGN RISKS STATE BANK STOCK EXCHANGE STOCK EXCHANGES STOCK MARKET STOCK MARKETS STRATEGIC INVESTORS TRADE BALANCE TRADING TRANSPARENCY TREASURIES TREASURY TREASURY BONDS TREATY TURNOVER The global economy is showing signs of recovery, but at an uneven pace; global growth is expected to rise modestly to 2.6 percent in 2014, and an average 3.3 percent in 2015-17. The gradual strengthening of activity in the Euro Area and especially the US will boost demand for exports from developing East Asia and Pacific (EAP), helping the region sustain its growth performance. There are early signs of firming up of economic recovery in Vietnam. GDP growth picked up to a relatively brisk 6.2 percent (y-o-y) in the third quarter of 2014, contributing to an overall growth rate of 5.6 percent for the first nine months of the year. Credit growth continues to come in below target, hampering the State Bank of Vietnam's efforts to carry out credit expansion to support economic growth. The Government has taken some important measures in 2014 to improve business conditions, which are expected to bear fruit from 2015 onward. The Government issued Resolution 19 (March 18, 2014), which prioritizes shortening the time for processing and completion of administrative procedures, reducing administrative costs, and strengthening transparency and accountability of state administrative agencies. The Financial Sector Assessment Program (FSAP) provides a comprehensive framework to identify financial system vulnerabilities and develop appropriate policy responses. Recognizing its importance, in July 2012 the Government of Vietnam invited the World Bank and the IMF to initiate an FSAP for Vietnam. In recent years the Vietnamese economy had shown signs of corporate and financial distress, and slowdown in GDP growth. In response to this, the government announced a comprehensive reform program designed to address the problems faced by the financial and corporate sectors. The FSAP provides a broad set of policy recommendations that can be used to operationalize the SEDP and the banking restructuring program. The recommendations include recapitalization plans, the workout of NPLs, regulatory and other reforms, and the temporary extension of the safety net. 2015-01-06T21:11:03Z 2015-01-06T21:11:03Z 2014-12 http://documents.worldbank.org/curated/en/2014/12/20452861/taking-stock-update-vietnams-recent-economic-developments http://hdl.handle.net/10986/21110 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) East Asia and Pacific Vietnam |