Taking Stock, December 2015 : An Update on Vietnam's Recent Economic Developments

Vietnam’s economy has weathered the recent turbulence in the external environment fairly well, reflecting resilient domestic demand and robust performance of export-oriented manufacturing. Growth further accelerated to 6.5 percent (year-on-year) in the first three quarters of 2015 (after coming in...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Hanoi 2015
Subjects:	CONTINGENT LIABILITIES BANKING REGULATION MONETARY POLICY WITHDRAWAL EQUIPMENT DEPOSITS PRUDENTIAL SUPERVISION INTERNATIONAL CAPITAL INTEREST RATE OF RETURN TREASURY BOND REMITTANCE ECONOMIC DEVELOPMENTS EXPORTERS TERM DEPOSITS PORTFOLIO FISCAL POLICY DEVALUATION MINORITY INVESTORS CAPITAL STOCK DEBT OVERHANG BANKRUPTCY MARKET ACCESS CURRENT ACCOUNT SURPLUSES DEBT BURDEN DEBT LEVEL DEBT PAYMENT INTEREST EXPENDITURES BOND ISSUANCES OIL PRICES CURRENCY EXPORT GROWTH DEBTS FINANCES INTERNATIONAL BOND RECURRENT EXPENDITURES MONETARY FUND DEBT CAPITAL MARKET MARKETS SETTLEMENT DOMESTIC DEBT INVESTMENT OPPORTUNITIES CAPITAL STOCKS BORROWING COSTS DEBT SERVICE COMMODITY PRICE LEGAL FRAMEWORK BANK POLICY SHORT-TERM DEPOSITS BANKING SECTOR FISCAL DEFICIT TRANSACTIONS EMERGING MARKETS FEDERAL RESERVE INTEREST PAYMENTS GOOD INTERNATIONAL TRADE TRANSPARENCY TURNOVER FUTURE FOREIGN DIRECT INVESTMENT FIXED CAPITAL FOREIGN INVESTMENT PRUDENTIAL REGULATIONS INVESTMENT PROJECTS FINANCIAL PERFORMANCE DISBURSEMENTS LENDING LIMIT ISSUANCE TAX RATES SHARES REAL EXCHANGE RATE TRADE LIBERALIZATION DEBT RATIOS PUBLIC DEBT TREASURY PRIVATE DEBT CURRENCIES ECONOMIC DEVELOPMENT GLOBAL TRADE RATES OF RETURN COMMERCIAL BANKS INVESTOR PROTECTION TREASURY BONDS SEIZURES PUBLIC FINANCES INVESTMENT ACTIVITY CONSUMER PRICE INDEX LENDING CAPITAL FLOW FISCAL DISCIPLINE BANKING SECTOR REFORM REMITTANCES COMMODITY PRICES LIABILITIES CAPITAL ACCOUNT ASSET PRICE INVESTING TARIFFS ENTERPRISE PERFORMANCE DEFICIT DEPOSIT REGULATORY FRAMEWORK BASIS POINTS LIABILITY GOVERNMENT EXPENDITURES NPL REGULATORY PRACTICES STOCK FISCAL DEFICITS MACROECONOMIC MANAGEMENT EXPORT PERFORMANCE INTEREST RATE EXCHANGE PROPERTY RIGHTS DISCOUNT RATE BALANCE OF PAYMENTS BANKING SYSTEM ISSUANCES LIQUIDITY DOMESTIC DEBT MARKET CDS BONDS MACROECONOMIC CONDITIONS DISCOUNT TAX ASSET MANAGEMENT REAL ESTATE LOANS INCOME TAX NON-PERFORMING LOANS DEBT ISSUANCE RESERVE INFLATION STATE BANK FOREIGN INVESTMENTS CREDIT DEFAULT BUDGET CENTRAL BANK INFORMATION DISCLOSURE MATURITY MACROECONOMIC STABILITY TRADE BALANCE MARKET STABILITY INVESTMENT BEHAVIOR AGRICULTURAL COMMODITIES LOCAL BANKS PROVINCIAL DEBT TELECOMMUNICATIONS PORTFOLIO CAPITAL CONTRACTS CURRENT ACCOUNT SURPLUS PERSONAL INCOME TRADING CREDIT DEFAULT SWAP INTEREST RATES FLEXIBLE EXCHANGE RATE DEFICITS RETURN BASIS POINT DIRECT INVESTMENT LOANS INVENTORIES RESERVES GROSS DOMESTIC PRODUCT MONETARY FINANCING FINANCE FOREIGN CURRENCY PUBLIC INVESTMENT TAXES COLLATERALS EXPENDITURE TRANSACTION INVESTORS EXPORT COMPETITIVENESS COMPLIANCE COSTS INTERNATIONAL CAPITAL MARKET RETURNS PURCHASING POWER GOVERNMENT REVENUE EXPENDITURES CAPITAL FLOWS AMORTIZATION ASSET QUALITY PROPERTY LEGAL OWNERSHIP BALANCE SHEET DEFAULT MARKET INTERESTS DEBT MARKET COLLECTIVE ACTIONS GOODS INVESTOR INVESTOR PROTECTIONS SECURITY TRANSFER PAYMENTS STOCKS INVESTMENT BOND SHARE INVESTMENT CLIMATE COLLATERAL FINANCIAL INFORMATION TARIFF DEBT SERVICE PAYMENTS CAPITAL INFLOWS REVENUE EXTERNAL DEBT MOBILE PHONES INVESTMENTS RISK MANAGEMENT INTELLECTUAL PROPERTY CREDIT GROWTH STATE AUDIT OFFICE MACROECONOMIC POLICIES EXCHANGE RATE PROFITS CREDIT INSTITUTIONS SMALL BUSINESSES SWAP CORPORATE GOVERNANCE
Online Access:	http://documents.worldbank.org/curated/en/2015/11/25504389/taking-stock-update-vietnams-recent-economic-developments http://hdl.handle.net/10986/23332

Description
Summary:	Vietnam’s economy has weathered the recent turbulence in the external environment fairly well, reflecting resilient domestic demand and robust performance of export-oriented manufacturing. Growth further accelerated to 6.5 percent (year-on-year) in the first three quarters of 2015 (after coming in at 6 percent last year). Low inflation and strengthening consumer confidence supported an uptick in private consumption while investment was lifted by robust foreign direct investment, rising government capital expenditures, and a recovery of credit growth. Exports of the foreign-invested manufacturing sector also accelerated, but this was offset by a slowdown of commodity exports and a surge in imports of capital and intermediate goods, reflecting stronger investment and the high import content of manufacturing exports.

Taking Stock, December 2015 : An Update on Vietnam's Recent Economic Developments

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