Grawe, Roger2017-08-172017-08-172010-09978-1-60244-152-1https://hdl.handle.net/10986/27914Vietnam, a one-party socialist state dominated by the Communist Party of Vietnam, has in recent years moved towards a pragmatic growth-oriented approach to economic policy. Early reform measures in 1986 with the doi moi, or new way, introduced a series of market-oriented reforms in industry and trade, as well as agriculture. The collapse of the Soviet Union in 1989 hastened the pace of reform, as the authorities intensified monetary, banking, and structural reforms and set the stage for substantial trade and investment liberalization, and as Vietnam's arrears with the International Monetary Fund (IMF) were settled in 1993. Key lessons that emerge from the Vietnam study include: a) the Poverty Reduction Support Credit (PRSC) process is strengthened through rigorous analytic underpinnings (for example, Vietnam development reports, public expenditure reviews, and other analytical and advisory services) that provide a shared vision of the development agenda and a menu of policy actions linked to the thematic pillars of the poverty reduction strategy; b) even in a context of high government commitment, fostering a connection to an external anchor (such as world trade organization accession) can help maintain momentum in the PRSC process and reform generally; c) PRSCs can function as an effective complement to, and catalyst for, sector operations including the development of sector-wide approaches and sector budget support; and d) with large numbers of international and government participants, it becomes increasingly important for both Government and the Bank that responsibilities for coordinating inputs and consultation and maintaining a policy overview be closely linked, defined, and adequately funded.en-USCC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTABILITYADBADJUSTMENT LENDINGAGRICULTURAL DEVELOPMENTAID EFFECTIVENESSANNUAL CYCLEARREARSAUDITINGAUDITSBANK POLICYBANKING REFORMBANKING SECTORBANKING SUPERVISIONBETTER ACCESS TO INFORMATIONBLOCK GRANTSBORROWERBUDGET ALLOCATIONSBUDGET CONSTRAINTBUDGET CYCLEBUDGET DEFICITSBUDGET LAWBUDGET MANAGEMENTBUDGET OUTCOMESBUDGET PLANBUDGET PREPARATIONBUDGET PROCESSBUDGET RESOURCESBUDGETARY REFORMSBUDGETINGCAPACITY BUILDINGCAPITAL EXPENDITURESCAPITAL FORMATIONCAPITAL INVESTMENTCENTRAL GOVERNMENTCHART OF ACCOUNTSCIVIL SOCIETYCIVIL SOCIETY ORGANIZATIONCOLLAPSECOMMERCIAL BANKCOMMERCIAL BANKSCONDITIONALITYCONFIDENCECONTINGENT LIABILITIESCORRUPTIONCOUNTRY PROCUREMENTCOUNTRY PROCUREMENT ASSESSMENTDATA AVAILABILITYDATA REQUIREMENTSDEBTDEBT REDUCTIONDEBT SUSTAINABILITYDEGREE OF VARIATIONDELEGATION OF AUTHORITYDEVELOPMENT BANKDIAGNOSTIC WORKDISBURSEMENTSDOMESTIC CAPITALDONOR COORDINATIONECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC INSTABILITYECONOMIC POLICYEDUCATION POLICYEMPLOYMENTEXCHANGE RATEEXPENDITURE PLANNINGEXPENDITURESEXPORT GROWTHFIDUCIARY ASSESSMENTFINANCE MANAGEMENTFINANCE MINISTRYFINANCIAL ACCOUNTABILITYFINANCIAL CRISESFINANCIAL CRISISFINANCIAL MANAGEMENT COMPONENTSFINANCIAL SECTORFISCAL IMPLICATIONSFISCAL POLICYFOREIGN DIRECT INVESTMENTGENERAL BUDGET SUPPORTGOVERNMENT OFFICIALSGOVERNMENT POLICYGOVERNMENT REFORMGOVERNMENT REVENUEGROSS DOMESTIC PRODUCTGROSS NATIONAL PRODUCTHEALTH CAREHEALTH MINISTRYHEALTH OUTCOMESHEALTH POLICYHOUSEHOLD LIVING STANDARDSHUMAN DEVELOPMENTIMPORT DUTIESIMPROVING BUDGET EXECUTIONINCOMEINEQUALITYINFLATIONINFLATIONARY PRESSURESINFORMATION SYSTEMINFRASTRUCTURE SERVICESINITIATIVEINSTITUTIONAL DEVELOPMENTINSTRUMENTINTEREST RATEINTERNATIONAL BANKINTERNATIONAL DEVELOPMENTINTERNATIONAL RESERVESINTERNATIONAL SUPPORTINVESTMENT CLIMATEINVESTMENT CORPORATIONLEADERSHIPLEGAL FRAMEWORKLEGAL REFORMLOANLOAN CLASSIFICATIONLOCAL GOVERNMENTMACROECONOMIC MANAGEMENTMACROECONOMIC POLICYMACROECONOMIC STABILITYMANAGEMENT INFORMATION SYSTEMSMANDATESMARKET ECONOMYMEDIUM-TERM EXPENDITUREMEDIUM-TERM EXPENDITURE FRAMEWORKMEDIUM-TERM GOALSMEDIUM-TERM PERSPECTIVEMINISTERMINISTERIAL COORDINATIONMINISTRY OF FINANCEMONETARY FUNDMORAL HAZARDMULTIYEAR PERIODNATIONAL OWNERSHIPNATIONAL POVERTYNATURAL DISASTERSNATURAL RESOURCESNPLOUTCOME INDICATORSOUTSIDE OBSERVERSPERFORMANCE ASSESSMENTPOLICY DECISIONSPOLICY FORMULATIONPOLITICAL CONSTRAINTSPOORPOVERTY ANALYSISPOVERTY REDUCINGPOVERTY REDUCTIONPOVERTY REDUCTION STRATEGIESPOVERTY REDUCTION STRATEGYPOVERTY REDUCTION STRATEGY PAPERPOVERTY REDUCTION SUPPORTPRIVATE INVESTMENTPRIVATE SECTORPRIVATE SECTOR INVESTMENTPROGRAMSPROVINCIAL LEVELSPUBLIC ADMINISTRATIONPUBLIC EXPENDITUREPUBLIC EXPENDITURE REVIEWPUBLIC FINANCEPUBLIC FINANCESPUBLIC FINANCIAL MANAGEMENTPUBLIC FINANCIAL MANAGEMENT SYSTEMSPUBLIC INVESTMENTPUBLIC INVESTMENT PROGRAMPUBLIC SECTORPUBLIC SECTOR MANAGEMENTRECURRENT EXPENDITURERECURRENT EXPENDITURESREFORM ACTIONSREFORM AGENDAREFORM PROCESSREFORM PROGRAMREFORM PROJECTREGULATORY FRAMEWORKRESOURCE FLOWSREVENUE FORECASTINGREVENUE PROJECTIONSRURALRURAL DEVELOPMENTRURAL WATERRURAL WATER SUPPLYSANITATIONSECTOR BUDGETSECTOR POLICYSECTOR PROGRAMSSOCIAL INDICATORSSOLICITATIONSTATE BANKSTATE BUDGETSTATE TREASURYSTRUCTURAL ADJUSTMENTSTRUCTURAL REFORMSSUSTAINABILITY ANALYSISSWAPTARGETINGTAXTAX ADMINISTRATIONTECHNICAL ASSISTANCETRANCHETRANSPARENCYTREASURY SYSTEMTRUST FUNDTRUST FUNDSWorking PaperWorld Bank10.1596/978-1-60244-152-1