Taking Stock, December 2010

In the post-global economic crisis environment, Vietnam's economy continues to grow at a reasonably rapid and stable rate. While the speed of global economic recovery has been uneven across the world, Asia as a region has done particularly well. And within Asia, Vietnam's growth performance continues to be impressive. As shown in left panel of, Vietnam was one of the fastest growing economies in the East Asia and Pacific (EAP) region prior to the global economic crisis and has remained so in the post-crisis period as well1. After registering a real gross domestic product (GDP) growth of 5.3 percent in 2009, Vietnam's economy is expected to grow between 6.5-6.7 percent in 2010. Vietnam, like China, stands out not only for achieving a higher average growth rate but also a more stable growth path. This however has meant that the speed with which the Vietnam's economy is bouncing back from the lows of 2009 appears to be less impressive than countries that experienced negative growth last year. This edition of 'Taking Stock' a semi-annual publication from the World Bank attempts to understand the recent macroeconomic changes in Vietnam. It documents changes to the macroeconomic outcomes and policies with a view to inform policy discussions in the country. The analysis is mostly retrospective in nature, though discussions on prospective challenges and outlook are also briefly mentioned. Developments in the global economy in general and in the EAP region in particular are juxtaposed against Vietnam's own economic outcomes and policies to provide a more complete and nuanced picture of the issues.

Bibliographic Details

Main Authors:	Mishra, Deepak, Dinh, Viet Tuan
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Hanoi 2010-12
Subjects:	ACCOUNTING, ACCOUNTING STANDARDS, AGGREGATE DEMAND, AGRICULTURAL COMMODITIES, ANNUAL GROWTH, ASSET CLASSES, ASSET PRICE, ASSET QUALITY, BALANCE OF PAYMENT, BALANCE OF PAYMENTS, BANK INTEREST RATE, BANK LOANS, BANK PORTFOLIO, BANK PORTFOLIOS, BANKING LAWS, BANKING SECTOR, BANKING SYSTEM, BASIS POINTS, BILATERAL EXCHANGE RATE, BOND ISSUANCE, BONDS, BOOM-BUST CYCLE, BORROWING COST, CAPACITY CONSTRAINTS, CAPITAL ACCOUNT, CAPITAL ADEQUACY, CAPITAL FLOW, CAPITAL FORMATION, CAPITAL GOODS, CAPITAL INFLOWS, COMMODITY PRICE, COMMODITY PRICES, COMPETITIVENESS, CONSOLIDATION, CONSUMER PRICE INDEX, CONTINGENT LIABILITIES, CORPORATE BOND, CREDIBILITY, CREDIT BOOM, CREDIT GROWTH, CREDIT INSTITUTIONS, CREDIT MARKET, CURRENCY, CURRENT ACCOUNT, CURRENT ACCOUNT BALANCE, CURRENT ACCOUNT DEFICIT, DEBT, DEBT CRISIS, DEBT SERVICING, DEBT SERVICING COST, DEPOSIT, DEPOSITS, DEPRECIATIONS, DEVALUATION, DEVELOPING COUNTRIES, DIRECTION OF TRADE, DISBURSEMENTS, DISCOUNT RATE, DOMESTIC CAPITAL, DOMESTIC CONSUMPTION, DOMESTIC CREDIT, DOMESTIC CURRENCY, DOMESTIC DEBTS, DOMESTIC SAVING, DURABLE, ECONOMIC CRISIS, ECONOMIC DEVELOPMENT, ECONOMIC DEVELOPMENTS, EMERGING MARKET, EQUIPMENT, EQUIPMENTS, EXCESS CAPACITY, EXCHANGE RATE, EXPENDITURE, EXPENDITURES, EXPORT GROWTH, EXPORT MARKET, EXPORT MARKETS, EXTERNAL BALANCES, EXTERNAL DEBT, EXTERNAL DEMAND, EXTERNAL DEMANDS, EXTERNAL SHOCKS, FINANCIAL INFORMATION, FISCAL DEFICIT, FISCAL POLICY, FOOD PRICE, FOREIGN CAPITAL, FOREIGN CURRENCY, FOREIGN CURRENCY LOAN, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN EXCHANGE MARKET, FOREIGN EXCHANGE RESERVES, FOREIGN INVESTORS, GLOBAL ECONOMY, GLOBAL TRADE, GOLD, GOVERNMENT DEBT, GROSS CAPITAL FORMATION, GROSS DOMESTIC PRODUCT, GROSS DOMESTIC PRODUCTS, GROWTH PERFORMANCE, GROWTH RATE, GROWTH RATES, HARD CURRENCY, HIGH INFLATION, IMBALANCES, IMPORT, IMPORT CONTENTS, IMPORT GROWTH, IMPORTS, INCOME TAX, INFLATION, INFLATION DIFFERENTIAL, INFLATION OBJECTIVE, INFLATION RATE, INFLATION RATES, INFLATION TARGET, INFLATIONARY PRESSURES, INTEREST INCOME, INTEREST RATE, INTEREST RATE CAPS, INTERNATIONAL BANK, INTERNATIONAL DEVELOPMENT, INTERNATIONAL FINANCIAL STATISTICS, INTERNATIONAL RESERVES, INTERNATIONAL STANDARDS, INTERNATIONAL TRADE, INVESTING, INVESTMENT DECISIONS, INVESTMENT INCOME, INVESTMENT OPPORTUNITIES, INVESTMENT RATE, LEVEL OF DEBT, LEVEL OF INVESTMENT, LIQUIDITY, LOAN CLASSIFICATION, LONG-TERM LOANS, MACROECONOMIC ENVIRONMENT, MACROECONOMIC INSTABILITIES, MACROECONOMIC MANAGEMENT, MACROECONOMIC RISKS, MACROECONOMIC STABILITY, MACROECONOMIC UNCERTAINTIES, MARKET PARTICIPANTS, MARKET RATE, MATURITY, MATURITY STRUCTURE, MINIMUM CAPITAL REQUIREMENT, MINIMUM CAPITAL REQUIREMENTS, MONETARY AUTHORITIES, MONETARY FUND, MONETARY POLICIES, MONETARY POLICY, MONEY SUPPLY, MORAL OBLIGATION, NATURAL RESOURCES, NOMINAL EXCHANGE RATE, NON-PERFORMING LOAN, NPL, OIL EXPORTS, OIL PRICES, OPEN ECONOMY, OPEN MARKET, OUTSTANDING CREDIT, OUTTURNS, OVERVALUATION, PARALLEL MARKET, PERSONAL INCOME, POLICY RESPONSE, PORTFOLIO, PORTFOLIO FLOWS, POST-CRISIS PERIOD, PRICE HIKE, PRICE INFLATION, PRICE STABILITY, PRINCIPAL PAYMENT, PRIVATE CAPITAL, PRIVATE CONSUMPTION, PUBLIC INVESTMENT, PUBLIC SECTOR DEBT, RAPID GROWTH, REAL EFFECTIVE EXCHANGE RATE, REAL EXCHANGE RATE, REAL EXCHANGE RATES, REAL × EXCHANGE RATE, REGIONAL TRADE AGREEMENTS, REMITTANCES, RESERVE, RESERVE REQUIREMENTS, RETURN, RISK MANAGEMENT, SHORT-TERM INTEREST RATES, SLOW GROWTH, SLOWDOWN, SOVEREIGN BOND, SOVEREIGN DEBT, STABLE GROWTH, STATE BANK, STOCK MARKET, STOCK MARKETS, SUPPLY SIDE, SURPLUS, TAX, TOTAL EXPORTS, TOTAL IMPORT, TOTAL IMPORTS, TOTAL INVESTMENT, TRADE BALANCE, TRADE DATA, TRADE DEFICIT, TRADE SURPLUS, TRADING, TRADING PARTNER, TRADING PARTNERS, TURNOVER, UNCERTAINTY, WORLD DEVELOPMENT INDICATORS, WORLD TRADE,
Online Access:	http://documents.worldbank.org/curated/en/975691468337840026/Taking-stock-an-update-on-Vietnams-recent-economic-developments https://hdl.handle.net/10986/27858
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