Publication:
Taking Stock August 2024: Reaching New Heights in Capital Markets

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dc.contributor.authorWorld Bank
dc.date.accessioned2024-08-26T13:48:54Z
dc.date.available2024-08-26T13:48:54Z
dc.date.issued2024-08-26
dc.description.abstractViet Nam’s gross domestic product (GDP) grew by 6.4 percent (y/y) in H1-2024 after a moderate 5 percent growth in 2023, boosted by a rebound in manufacturing exports as well as higher consumption and investment. On the production side, manufacturing, export-oriented services, and tourism posted robust growth. Despite recovering, consumer spending remained below pre-pandemic rates. Private investment growth accelerated in H1-2024 but remained below pre- Coronavirus (COVID) levels. The current account registered a substantial surplus, driven by a robust trade performance. However, a continued interest rate differential and strengthening US dollar in H1-2024 increased unrecorded capital outflows leading to a negative external position. The State Bank of Viet Nam (SBV) responded to emerging exchange rate pressures through a combination of gradual devaluation, foreign exchange (FX) interventions, and tighter liquidity. The gradual rebalancing of Viet Nam’s financial system towards a more prominent role of capital markets remains an important agenda, as discussed further in this edition’s special topic chapter.en
dc.identifierhttp://documents.worldbank.org/curated/en/099145408232417063/IDU1dc8e9b8a11b4714a291af17167d8f89b52a5
dc.identifier.doi10.1596/42084
dc.identifier.urihttps://hdl.handle.net/10986/42084
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectCAPITAL MARKETS
dc.subjectFOREIGN DIRECT INVESTMENT ANALYSIS
dc.subjectEXPORT-ORIENTED INDUSTRIALIZATION AND JOBS
dc.subjectTOURISM
dc.subjectECONOMIC GROWTH
dc.subjectJOBS STRATEGIES
dc.subjectJOBS
dc.subjectCOMPETITIVE INDUSTRIES
dc.subjectINDUSTRY POLICY AND REAL SECTORS
dc.subjectTOURISM, RETAIL, CONSTRUCTION, AND REAL ESTATES
dc.subjectMANUFACTURING, AGRIBUSINESS, AND SERVICES
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectINVESTMENT REFORM MAPPING
dc.subjectBUSINESS ENVIRONMENT
dc.subjectINVESTMENT POLICY AND PROMOTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectTRADE POLICIES AND JOBS
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.titleTaking Stock August 2024en
dc.title.subtitleReaching New Heights in Capital Marketsen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleTaking Stock August 2024: Reaching New Heights in Capital Markets
okr.date.disclosure2024-08-26
okr.date.lastmodified2024-08-23T00:00:00Zen
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099145408232417063/IDU1dc8e9b8a11b4714a291af17167d8f89b52a5
okr.guid099145408232417063
okr.identifier.docmidIDU-dc8e9b8a-1b47-4a29-af17-67d8f89b52a5
okr.identifier.doihttps://doi.org/10.1596/42084
okr.identifier.externaldocumentum34381234
okr.identifier.internaldocumentum34381234
okr.identifier.report193232
okr.import.id5153
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099145408232417063/pdf/IDU1dc8e9b8a11b4714a291af17167d8f89b52a5.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryViet Nam
okr.topicInternational Economics and Trade::Trade Facilitation
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicInternational Economics and Trade::Foreign Trade Promotion and Regulation
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.topicInternational Economics and Trade::Trade and Labor
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.unitEFI-EAP-MTI-MacroFiscal-1 (EEAM1)
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