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Transformation and Turbulence
A Changing Balance of Payments
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areas assess average bond market borrowing budget capital accumulation capital inflows commercial banks companies countries credit risk debt management domestic Economic Groups efficiency enterprises expenditures export Figure financial sector foreign funds government bonds Groups and large guarantees Hanoi HaSTC households impact implementation important income increase infrastructure institutions interest rates investment projects issue JSBs large number large SOEs large State Corporations LDIF LDlFs line ministries liquidity loans macroeconomic market sentiment mechanisms microfinance monetary policy monitor needs operations ownership P/E ratio percent of GDP poor portfolio potential private sector provinces public investment ratio real estate real estate bubble reform result revenue risk Sacombank SCIC securities share SOCBs social Source stabilization package stock market strategic investors subsidy systemic risk targeted tax administration taxpayers trading trillion dong VBSP Vietnam Vietnamese World Bank