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Taking Stock, December 2014: An Update on Vietnam's Recent Economic Developments

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dc.contributor.authorWorld Bank
dc.date.accessioned2015-01-06T21:11:03Z
dc.date.available2015-01-06T21:11:03Z
dc.date.issued2014-12
dc.description.abstractThe global economy is showing signs of recovery, but at an uneven pace; global growth is expected to rise modestly to 2.6 percent in 2014, and an average 3.3 percent in 2015-17. The gradual strengthening of activity in the Euro Area and especially the US will boost demand for exports from developing East Asia and Pacific (EAP), helping the region sustain its growth performance. There are early signs of firming up of economic recovery in Vietnam. GDP growth picked up to a relatively brisk 6.2 percent (y-o-y) in the third quarter of 2014, contributing to an overall growth rate of 5.6 percent for the first nine months of the year. Credit growth continues to come in below target, hampering the State Bank of Vietnam's efforts to carry out credit expansion to support economic growth. The Government has taken some important measures in 2014 to improve business conditions, which are expected to bear fruit from 2015 onward. The Government issued Resolution 19 (March 18, 2014), which prioritizes shortening the time for processing and completion of administrative procedures, reducing administrative costs, and strengthening transparency and accountability of state administrative agencies. The Financial Sector Assessment Program (FSAP) provides a comprehensive framework to identify financial system vulnerabilities and develop appropriate policy responses. Recognizing its importance, in July 2012 the Government of Vietnam invited the World Bank and the IMF to initiate an FSAP for Vietnam. In recent years the Vietnamese economy had shown signs of corporate and financial distress, and slowdown in GDP growth. In response to this, the government announced a comprehensive reform program designed to address the problems faced by the financial and corporate sectors. The FSAP provides a broad set of policy recommendations that can be used to operationalize the SEDP and the banking restructuring program. The recommendations include recapitalization plans, the workout of NPLs, regulatory and other reforms, and the temporary extension of the safety net.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/12/20452861/taking-stock-update-vietnams-recent-economic-developments
dc.identifier.doi10.1596/21110
dc.identifier.urihttps://hdl.handle.net/10986/21110
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectASSET MANAGEMENT
dc.subjectBALANCE SHEETS
dc.subjectBANK BALANCE SHEETS
dc.subjectBANK DEBT
dc.subjectBANK DEPOSITS
dc.subjectBANKING ASSETS
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR REFORMS
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBENCHMARK YIELD
dc.subjectBENCHMARK YIELD CURVE
dc.subjectBID
dc.subjectBLUE CHIPS
dc.subjectBOND
dc.subjectBOND FUNDS
dc.subjectBOND MARKET
dc.subjectBOND MARKET DEVELOPMENT
dc.subjectBUDGET DEFICIT
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKET DEVELOPMENT
dc.subjectCDS
dc.subjectCENTRAL BANKS
dc.subjectCENTRAL GOVERNMENT DEBT
dc.subjectCOLLATERAL
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKING
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITY PRICES
dc.subjectCONFLICTS OF INTEREST
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTINGENT LIABILITY
dc.subjectCORPORATE BOND
dc.subjectCORPORATE BOND MARKET
dc.subjectCORPORATE GOVERNANCE
dc.subjectCOUPON
dc.subjectCREDIT DECISIONS
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULT SWAP
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT GROWTH
dc.subjectCREDIT INSTITUTIONS
dc.subjectCREDIT QUALITY
dc.subjectDEBT LEVELS
dc.subjectDEBT RATIO
dc.subjectDEBT REDUCTION
dc.subjectDEBT SERVICE
dc.subjectDEBT-SERVICE
dc.subjectDEBTS
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSIT
dc.subjectDEPOSITORS
dc.subjectDEPOSITS
dc.subjectDEVALUATION
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDISCLOSURE OF INFORMATION
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDOMESTIC BANKING
dc.subjectDOMESTIC BORROWING
dc.subjectDOMESTIC DEBT
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectEQUIPMENT
dc.subjectEQUITIES
dc.subjectEQUITY MARKET
dc.subjectEQUITY MARKET CAPITALIZATION
dc.subjectEQUITY MARKETS
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT COMPETITIVENESS
dc.subjectEXPORT PERFORMANCE
dc.subjectEXTERNAL DEBT
dc.subjectFINANCES
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL INFORMATION
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICY
dc.subjectFIXED INCOME
dc.subjectFIXED INCOME MARKET
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN HOLDINGS
dc.subjectFOREIGN INVESTMENT
dc.subjectFOREIGN INVESTORS
dc.subjectGLOBAL ECONOMY
dc.subjectGOVERNMENT ACCOUNTING STANDARDS
dc.subjectGOVERNMENT BOND
dc.subjectGOVERNMENT BOND MARKET
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT DEBT MARKET
dc.subjectGOVERNMENT REVENUE
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectHOLDING
dc.subjectINCOME SECURITIES
dc.subjectINCOME TAX
dc.subjectINDEBTEDNESS
dc.subjectINFLATION
dc.subjectINFLATIONARY EXPECTATIONS
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFORMATION DISCLOSURE
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINITIAL PUBLIC OFFERING
dc.subjectINITIAL PUBLIC OFFERINGS
dc.subjectINSTITUTIONAL INVESTOR
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINSURANCE
dc.subjectINSURANCE COMPANIES
dc.subjectINTELLECTUAL PROPERTY
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVENTORY
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT RATE
dc.subjectINVESTOR BASE
dc.subjectINVESTOR CONFIDENCE
dc.subjectIPO
dc.subjectISSUANCE
dc.subjectLACK OF TRANSPARENCY
dc.subjectLEGAL FRAMEWORK
dc.subjectLEVELS OF COLLATERAL
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY POSITIONS
dc.subjectLOAN
dc.subjectLOAN CLASSIFICATION
dc.subjectLOAN PORTFOLIOS
dc.subjectLOCAL GOVERNMENTS
dc.subjectLONG-TERM FINANCE
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC RISKS
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMIC VOLATILITY
dc.subjectMARKET CONFIDENCE
dc.subjectMARKET DEPTH
dc.subjectMARKET ECONOMY
dc.subjectMARKET PRICE
dc.subjectMARKET STABILITY
dc.subjectMATURITY
dc.subjectMINORITY SHAREHOLDERS
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectMUTUAL FUND
dc.subjectMUTUAL FUND INDUSTRY
dc.subjectMUTUAL FUNDS
dc.subjectNON-PERFORMING LOANS
dc.subjectNPL
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPENSION
dc.subjectPENSION FUNDS
dc.subjectPERSONAL INCOME
dc.subjectPOLICY RESPONSES
dc.subjectPOLITICAL STABILITY
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO PERFORMANCE
dc.subjectPRICE DISCOVERY
dc.subjectPRIMARY DEALER
dc.subjectPRIMARY DEALER SYSTEM
dc.subjectPRIMARY MARKET
dc.subjectPRIMARY MARKETS
dc.subjectPROPERTY RIGHTS
dc.subjectPROVISIONING RULES
dc.subjectPRUDENTIAL REGULATIONS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC MARKET
dc.subjectRECURRENT EXPENDITURES
dc.subjectRETAIL INVESTORS
dc.subjectRETURN
dc.subjectRISK MANAGEMENT
dc.subjectSAFETY NET
dc.subjectSAFETY NETS
dc.subjectSAVINGS INSTRUMENTS
dc.subjectSAVINGS RATIO
dc.subjectSECONDARY MARKET
dc.subjectSECONDARY MARKETS
dc.subjectSECURITIES
dc.subjectSECURITIES MARKETS
dc.subjectSOLVENCY
dc.subjectSOVEREIGN DEBTS
dc.subjectSOVEREIGN RATINGS
dc.subjectSOVEREIGN RISK
dc.subjectSOVEREIGN RISKS
dc.subjectSTATE BANK
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCK EXCHANGES
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKETS
dc.subjectSTRATEGIC INVESTORS
dc.subjectTRADE BALANCE
dc.subjectTRADING
dc.subjectTRANSPARENCY
dc.subjectTREASURIES
dc.subjectTREASURY
dc.subjectTREASURY BONDS
dc.subjectTREATY
dc.subjectTURNOVER
dc.titleTaking Stock, December 2014en
dc.title.subtitleAn Update on Vietnam's Recent Economic Developmentsen
dspace.entity.typePublication
okr.crossref.titleTaking Stock, December 2014
okr.date.disclosure2014-12-01
okr.date.doiregistration2025-05-07T12:39:04.975018Z
okr.doctypeEconomic & Sector Work::Financial Sector Assessment Program (FSAP)
okr.docurlhttp://documents.worldbank.org/curated/en/2014/12/20452861/taking-stock-update-vietnams-recent-economic-developments
okr.globalpracticeFinance and Markets
okr.globalpracticeMacroeconomics and Fiscal Management
okr.guid346751468135011885
okr.guid399061468128396981
okr.identifier.externaldocumentum000469252_20141201111605
okr.identifier.internaldocumentum20452861
okr.identifier.report92825
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/12/01/000469252_20141201111605/Rendered/PDF/928250WP0P13240g0Stock0Dec020140ENG.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryViet Nam
okr.sectorFinance :: Banking
okr.sectorFinance :: General finance sector
okr.themeEconomic management :: Analysis of economic growth
okr.themeEconomic management :: Economic statistics, modeling and forecasting
okr.themeEconomic management :: Macroeconomic management
okr.themeEconomic management :: Other economic management
okr.themeTrade and integration :: Export development and competitiveness
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.unitMacro and Fiscal Mgmt - GP (GMFDR)
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