Publication: Taking Stock, December 2013: An Update on Vietnam's Recent Economic Developments

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Date
2013-12
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Published
2013-12
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World Bank
Abstract
Macroeconomic stability in Vietnam is improving, underpinned by moderating inflation and strengthening external accounts. Headline Consumer Price Index (CPI) inflation has stabilized, aided by subdued credit growth and easing of food price increases. The decline in core inflation has been more gradual. Pressure on the Vietnamese currency has also eased substantially. A sustained recovery in Gross Domestic Product (GDP) growth remains hampered however by slow-moving structural reforms and global uncertainty. With rising pressures on the budget, the government is faced with some crucial fiscal policy choices, as it seeks to balance the objectives of economic expansion and macroeconomic stability. This paper explores crucial issues such as trade facilitation, competitiveness and growth, poverty and inequality, corruption and economic growth in Vietnam, the external economic environment, and recent economic developments in Vietnam.
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Citation
World Bank. 2013. Taking Stock, December 2013: An Update on Vietnam's Recent Economic Developments. © Hanoi. http://hdl.handle.net/10986/16731 License: CC BY 3.0 IGO.
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