Vietnam: Staff Report for the 2012 Article IV Consultation
International Monetary Fund, Jul 6, 2012 - Business & Economics - 61 pages
This 2012 Article IV Consultation focuses on the financial sector and macroeconomic situation in Vietnam. The authorities adopted a stabilization package in February 2011 in response to increasing pressures on prices and the exchange rate in late 2010. Executive Directors commended the tightening of macroeconomic policies in 2011, which contributed to declining inflation, stabilizing the exchange rate, and a rebuilding of international reserves. Directors also recommended that monetary policy give priority to reducing inflation and rebuilding reserves further.
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AsDB Asian Development Bank Assessment balance in percent Bank of Vietnam Bank’s baseline scenario climate change contingent liabilities Current account balance debt sustainability debt-to-GDP ratio Debt-to-Revenue Ratio deposits domestic economy end of period estimates and projections exchange rate Exports shock financial sector foreign currency GDP in trillions GNFS Government Finance Statistics historical average minus IBRD IMF staff estimates improving inflation infrastructure INTERNATIONAL MONETARY FUND international reserves lending loans M I N/A macroeconomic Memorandum items millions of U.S. minus one standard NPLs operations percent change percent of GDP poverty reduction PPG external debt Primary balance PRSC Public and publicly public debt public sector debt publicly guaranteed PV of PPG Real GDP growth reduce restructuring revenue risk SEDP small weak banks SOCBs SOEs standard deviations Strategy strengthened stress tests Total trillions of dong U.S. dollars Vietnamese authorities World Bank World Bank Group