World Bank2017-05-242017-05-242012-06https://hdl.handle.net/10986/26744The authorities' determined implementation of stabilization measures over the past year has helped to avert a macroeconomic crisis. If the deterioration of the macroeconomic environment in 2010-11 was rapid, the improvement in the situation in the past twelve months has been equally swift. Regaining macroeconomic stability has been costly, but not stabilizing the economy would have led to even bigger losses. Real gross domestic product (GDP) growth has decelerated from 6.8 percent in 2010 to 5.9 percent in 2011, and further to 4 percent in the first quarter of 2012 as higher prices has lowered domestic demand, affecting sectors such as construction, manufacturing and utilities. Industrial production has slowed, inventory for key industrial products has accumulated, and a number of small and medium enterprises have either closed, been liquidated or temporarily suspended their operations. While the stabilization efforts may have contributed to a cyclical slowdown, Vietnam's trend growth rate has been on a downward path for the last 5-6 years, largely on account of the slow pace of structural reforms. Inefficiencies in state-owned enterprises, banks and public investments have been a drag on the country's long-term growth potential. With gains from macroeconomic stabilization still recent and fragile, especially in an external environment that is fraught with uncertainty, the government needs to be careful not to shift to an expansionary stance prematurely.en-USCC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTINGACCOUNTING STANDARDSADMINISTRATIVE PROCEDURESADVOCACY ROLEAIR POLLUTIONALLOCATION OF RESOURCESAUDITSBANKING SECTORBASIC EDUCATIONBEHAVIOR CHANGEBIODIVERSITYBLINDNESSCAPACITY BUILDINGCHILD HEALTHCHILD MORTALITYCLINICSCOMMERCIAL BANKCOMMERCIAL BANKSCOMMUNITY DEVELOPMENTCOVERAGE OF POPULATIONCURRENCYDEBTDEBTSDEVELOPING COUNTRIESDEVELOPMENT ASSISTANCEDEVELOPMENT BANKDEVELOPMENT PLANSDEVELOPMENT POLICIESDEVELOPMENT ­ ASSISTANCEDISABILITIESDISADVANTAGED CHILDRENEARLY CHILDHOODECONOMIC ACTIVITYECONOMIC CONSEQUENCESECONOMIC DEVELOPMENTECONOMIC DEVELOPMENTSECONOMIC GROWTHECONOMIC IMPACTECONOMIC INTEGRATIONECONOMICSEDUCATIONAL ACTIVITIESEFFECTIVE GOVERNANCEEMPIRICAL RESEARCHEMPLOYMENT CREATIONENVIRONMENTALENVIRONMENTAL IMPACTSENVIRONMENTAL INFORMATIONENVIRONMENTAL MANAGEMENTENVIRONMENTAL PROTECTIONENVIRONMENTAL QUALITYEPIDEMICEXERCISESEXPENDITUREEXPENDITURESEXPORT GROWTHEXPORT PERFORMANCEFAMILIESFAMILY HEALTHFAMILY PLANNINGFAMILY PLANNING SERVICESFINANCIAL RESOURCESFISCAL POLICIESFOOD POLICY RESEARCHFOOD PROCESSINGFOREIGN DIRECT INVESTMENTFOREST MANAGEMENTGENDER BIASGLOBAL ENVIRONMENTGOVERNMENT EXPENDITURESGOVERNMENT SUPPORTHEALTH CAREHEALTH CARE SERVICESHEALTH EDUCATIONHEALTH OF WOMENHEALTH OUTCOMESHEALTH PROMOTIONHEALTH SECTORHEALTH SERVICESHEALTH SYSTEMHOSPITALHOUSEHOLD SURVEYSHUMAN WELL-BEINGHYGIENEIMPORT QUOTASIMPORTSIMPROVEMENT OF HEALTHINCIDENCE OF POVERTYINCOMEINDOOR AIR POLLUTIONINDUSTRIAL PRODUCTIONINFANTINFORMATION SYSTEMINFORMATION SYSTEMSINFRASTRUCTURE DEVELOPMENTINSTITUTIONAL CAPACITYINSURANCEINTERMEDIATE GOODSINTERNATIONAL COOPERATIONINTERNATIONAL DEVELOPMENTINTERNATIONAL FOOD POLICY RESEARCH INSTITUTEINTERNATIONAL TRADEINTERNATIONAL TREATIESINTERVENTIONLABOR COSTSLABOR FORCELAMLAND TENURELAND-USE PLANNINGLAWSLEGAL SYSTEMLEGISLATIONLEVELS OF CONSUMPTIONLIVING STANDARDSMALNUTRITION AMONG CHILDRENMANDATESMARKET ECONOMYMARKETINGMASS EDUCATIONMATERNAL MORTALITYMEDICAL FACILITIESMIGRANTSMIGRATIONMILLENNIUM DEVELOPMENT GOALSMINISTRY OF EDUCATIONMINISTRY OF HEALTHMINORITYMODERNIZATIONMONETARY FUNDMORTALITYMULTILATERAL ORGANIZATIONSNATIONAL STRATEGYNATURAL DISASTERNATURAL RESOURCENATURAL RESOURCE MANAGEMENTNATURAL RESOURCESNON-PERFORMING LOANNPLNUMBER OF HOUSEHOLDSNUMERICAL TARGETSNUTRITIONNUTRITION EDUCATIONOILPESTICIDESPOLICY FORMULATIONPOLICY INSTRUMENTSPOLICY MAKERSPOLLUTIONPOOR HOUSEHOLDSPOOR PEOPLEPOOR WOMENPOPULATION CENSUSPOPULATION CENSUSESPOVERTY ALLEVIATIONPOVERTY LINEPOVERTY REDUCTIONPREVENTION ACTIVITIESPREVENTIVE HEALTH CAREPRIMARY EDUCATIONPRIMARY HEALTH CAREPRIMARY SCHOOLPRIMARY SCHOOLSPRODUCTION PROCESSESPROGRESSPROPERTY RIGHTSPUBLIC PERCEPTIONSQUALITATIVE INFORMATIONQUALITY OF EDUCATIONQUALITY STANDARDSREMITTANCESREPRODUCTIVE HEALTHREPRODUCTIVE HEALTH PROGRAMRESEARCH PROJECTSRESOURCE ALLOCATIONRESOURCES MANAGEMENTRURAL AREASRURAL DEVELOPMENTRURAL POPULATIONRURAL POVERTYSAFE WATERSAFETY NETSSANITATIONSAVINGSSCHOOL QUALITYSECONDARY EDUCATIONSECONDARY SCHOOLINGSECURITIESSERVICE DELIVERYSHORT-TERM TRAININGSKILLS DEVELOPMENTSOCIAL AFFAIRSSOCIAL PARTICIPATIONSOCIAL POLICIESSOCIAL POLICYSOCIAL SCIENCESSOCIAL SERVICESSTATE BANKSTREET CHILDRENSUSTAINABLE DEVELOPMENTSUSTAINABLE GROWTHTECHNICAL ASSISTANCETECHNICAL EDUCATIONTRADINGTRANSPORTATIONTREASURYUNFPAURBAN AREASURBAN ENVIRONMENTSURBAN POVERTYVOCATIONAL TRAININGWASTEWATER RESOURCESWORKERSWORKPLACEYOUNG CHILDRENReportWorld Bank10.1596/26744