Vietnam: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility — Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by Authorities of Vietnam

Vietnam's economic recovery from the spillover effects of the Asian crisis has continued and the pace of policy reform has stepped up. The government's program seeks to build on this record and policy momentum. A cautious fiscal stance will ensure a sustainable public debt burden. The liberalization of the exchange regime and improving the business environment will be essential to restore investor confidence. Attaining the objectives of the program will hinge on the close coordination of credit policy with state-owned commercial bank (SOCB) reform.
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Volume/Issue: Volume 2001 Issue 059
Publication date: April 2001
ISBN: 9781451840179
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Business and Economics , Political Science , Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , enterprise , state-owned enterprise reform , PRGF arrangement , GDP , SOE debt , restructuring plan , enterprise sector , Public enterprises , Poverty reduction strategy , Credit , East Asia , Global

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Summary

Vietnam's economic recovery from the spillover effects of the Asian crisis has continued and the pace of policy reform has stepped up. The government's program seeks to build on this record and policy momentum. A cautious fiscal stance will ensure a sustainable public debt burden. The liberalization of the exchange regime and improving the business environment will be essential to restore investor confidence. Attaining the objectives of the program will hinge on the close coordination of credit policy with state-owned commercial bank (SOCB) reform.

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