World Bank2014-01-302014-01-302013-12https://hdl.handle.net/10986/16731Macroeconomic 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.en-USCC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTINGADVANCED ECONOMIESARREARSASSET MANAGEMENTASSET PORTFOLIOSAUCTIONBAILOUTBALANCE OF PAYMENTBALANCE OF PAYMENTSBALANCE SHEETSBANK LENDINGBANK LOANBANKING SECTORBANKING SECTOR REFORMSBANKING SECTORSBANKING SYSTEMBANKRUPTCYBANKRUPTCY LAWBARRIERS TO ENTRYBASIS POINTSBENEFICIARIESBOND ISSUANCEBOND ISSUANCESBOND SPREADSBROAD MONEYBUSINESS CLIMATEBUSINESS ENVIRONMENTSCAPITAL ACCOUNTCAPITAL FLOWSCAPITAL INFLOWSCAPITAL INVESTMENTCAPITAL INVESTMENTSCASH BALANCESCDSCOLLATERALCOMMERCIAL BANKSCOMMODITYCOMMODITY EXPORTSCOMMODITY PRICECOMMODITY PRICESCONFIDENCE INDEXCONSUMER PRICE INDEXCONTINGENCY PLANNINGCORPORATE DEBTCORPORATE GOVERNANCECORPORATE TAX RATECOUNTRY MARKETSCREDIT DEFAULTCREDIT DEFAULT SWAPCREDIT EXPANSIONCREDIT GROWTHCREDIT INSTITUTIONSCREDIT MARKETCREDIT QUALITYCREDITORCREDITOR RIGHTSCURRENT ACCOUNT SURPLUSDEBT COMPOSITIONDEBT FINANCINGDEBT MANAGEMENTDEBT MATURITYDEBT REPAYMENTDEBT RESTRUCTURINGDEBT SERVICINGDEBT SERVICING COSTSDEBTSDEPOSITDEPOSITORDEPOSITSDEVELOPING COUNTRIESDEVELOPING COUNTRYDEVELOPMENT BANKDISCOUNT RATEDIVERSIFIED MARKETDOMESTIC BANKSDOMESTIC BONDSDOMESTIC DEBTDOMESTIC MARKETECONOMIC DEVELOPMENTECONOMIC DEVELOPMENTSECONOMIC RISKSEMERGING MARKETSEQUIPMENTEQUITY ISSUANCEEXCHANGE RATEEXCHANGE RATESEXPENDITUREEXPENDITURESEXPORT COMPETITIVENESSEXPORT MARKETSEXPORT PERFORMANCEEXPORT SHAREEXPORTERSEXTERNAL DEBTEXTERNAL TRADEFINANCIAL CRISISFINANCIAL HEALTHFINANCIAL INFORMATIONFINANCIAL MARKETSFINANCIAL PERFORMANCEFINANCIAL STATEMENTSFINANCIAL SUPPORTFINANCIAL SYSTEMFIRM PERFORMANCEFISCAL CONSOLIDATIONFISCAL DEFICITFISCAL DISCIPLINEFISCAL POLICIESFISCAL POLICYFLOOR PRICESFOOD PRICEFOOD PRICESFOREIGN BANKSFOREIGN DIRECT INVESTMENTFOREIGN EXCHANGEFOREIGN EXCHANGE RESERVESFOREIGN INVESTMENTFOREIGN INVESTORFOREIGN INVESTORSFUTURESFUTURES MARKETSGLOBAL CAPITALGLOBAL CAPITAL MARKETGLOBAL ECONOMIC PROSPECTSGLOBAL MARKETGLOBAL MARKETSGLOBAL TRADEGOVERNMENT ACTIONSGOVERNMENT BONDSGOVERNMENT DEBTGOVERNMENT GUARANTEESGROSS DOMESTIC PRODUCTGROWTH RATEGROWTH RATESINCOMEINCOME TAXINCOMESINFLATIONINFLATION RATEINFORMATION DISCLOSUREINFORMATION TECHNOLOGYINSURANCEINTEREST RATEINTEREST RATESINTERNATIONAL CAPITALINTERNATIONAL CAPITAL MARKETINTERNATIONAL RESERVESINVENTORIESINVESTINGINVESTMENT FUNDSINVESTMENT GRADE BORROWERSINVESTMENT RATEINVESTMENT SPENDINGINVESTOR CONFIDENCELACK OF TRANSPARENCYLEGAL FRAMEWORKLEGISLATIVE FRAMEWORKLEVEL OF DEBTLIQUIDITYLIVING STANDARDSLOAN CLASSIFICATIONLOCAL CURRENCYLONG-TERM INTERESTLONG-TERM INTEREST RATESMACROECONOMIC CONDITIONSMACROECONOMIC POLICIESMACROECONOMIC STABILITYMARKET CONDITIONSMARKET ENVIRONMENTMARKET PRICEMARKET SIZEMARKET TRENDSMATURITIESMATURITYMIDDLE-INCOME COUNTRYMONETARY FUNDMONETARY POLICIESMONETARY POLICYMONEY SUPPLYNON-PERFORMING LOANSNPLOPEN ECONOMIESOUTSTANDING PUBLIC DEBTOWNERSHIP STRUCTURESPERCPOLICY RESPONSEPORTFOLIOPOWER PARITYPRIVATE INVESTMENTPRIVATE SALEPUBLIC DEBTPUBLIC DEBT STOCKPUBLIC INVESTMENTPUBLIC SECTOR DEBTPURCHASING POWERREAL ESTATEREGULATORY CONSTRAINTSREGULATORY FRAMEWORKREMITTANCEREPAYMENT CAPACITYRESERVERETURNRETURNSRISK AVERSIONRULE OF LAWSAFETY NETSSECURITIESSOCIAL CAPITALSOVEREIGN BONDSOVEREIGN RISKSTATE BANKSTRATEGIC INVESTORSTAX BREAKSTAX COLLECTIONSTAX EXEMPTIONSTAX INCENTIVESTAX RATESTAX REGIMETIMELY PAYMENTTRADE BALANCETRADE LIBERALIZATIONTRADINGTRANSPARENCYTREASURYWITHDRAWALWorld Bank10.1596/16731