Taking Stock, June 2010

Vista sencilla de ítem
dc.creatorDinh, Viet Tuan
dc.creatorRama, Martin
dc.date2017-08-16T20:00:28Z
dc.date2017-08-16T20:00:28Z
dc.date2010-06
dc.date.accessioned2026-07-01T01:12:04Z
dc.descriptionVietnam has navigated the global crisis better than many other countries. GDP grew by 5.3 percent in 2009, accelerating to 6.9 percent in the last quarter of the year. At 5.8 percent, the figure for the first quarter of 2010 was less impressive, but claims that growth has slowed down are most probably unwarranted. Exports declined in 2009, for the first time since the beginning of economic reforms, but their decline was smaller than in other countries of the region. By now export growth is converging back to the 30 percent annual growth rate observed before the crisis. Inflation, which had reached 19.9 percent in 2008, was down to 6.5 percent in 2009. While there were some worrying signs of inflation acceleration in late 2009 and early 2010, by now the monthly increase of the Consumer Price Index (CPI) is again moderate. And as in previous years, there were no banking crises despite the continuation of macroeconomic turbulence. More generally, lack of clarity by markets forces the government to overshoot in its policy reactions. Because markets are not sure to understand what the government is up to, they need to see very strong action in order to be convinced that the right course of action has been taken. As a result, Vietnam has had to go through dramatic shifts in the policy stance as circumstances changed. The stabilization policies of 2008 effectively 'killed' the real estate bubble and brought inflation rates to zero in just a few months, but such speed took a toll on economic activity. The stimulus policies of 2009 were equally strong and determined, but they ended up putting too much pressure on international reserves. With more information disclosure and better communication, policy shifts could perhaps be less extreme. Combined with stronger macroeconomic management, it should be possible for Vietnam to gradually free itself from the 'stop-and-go' cycle that has characterized macroeconomic policies over the last three years.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/677291468329411386/Taking-stock-an-update-on-Vietnams-recent-economic-developments
dc.identifierhttps://hdl.handle.net/10986/27890
dc.identifierhttps://doi.org/10.1596/27890
dc.identifier.urihttp://hdl.handle.net/123456789/416053
dc.languageEnglish
dc.languageen_US
dc.publisherWorld Bank, Hanoi
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo
dc.rightsWorld Bank
dc.subjectACCOUNTING
dc.subjectACCOUNTING STANDARDS
dc.subjectAGRICULTURAL COMMODITIES
dc.subjectANNUAL GROWTH
dc.subjectASSET PRICE
dc.subjectASSET QUALITY
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK DEPOSITS
dc.subjectBANK INTEREST RATES
dc.subjectBANK LOANS
dc.subjectBANK RATE
dc.subjectBANKING CRISES
dc.subjectBANKING CRISIS
dc.subjectBANKING SECTOR
dc.subjectBANKING SECTOR REFORM
dc.subjectBANKING SYSTEM
dc.subjectBARRIER
dc.subjectBLACK MARKET
dc.subjectBOND
dc.subjectBOND ISSUANCES
dc.subjectBUDGET DEFICIT
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL INFLOWS
dc.subjectCASH MANAGEMENT
dc.subjectCIVIL CODE
dc.subjectCLARITY
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMODITY
dc.subjectCOMMODITY EXPORTS
dc.subjectCOMPETITIVENESS
dc.subjectCONSOLIDATION
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMPTION GOODS
dc.subjectCORE INFLATION
dc.subjectCOUNTRY RISK
dc.subjectCREDIT DEFAULT
dc.subjectCREDIT DEFAULT SWAPS
dc.subjectCREDIT GROWTH
dc.subjectCREDIT INCREASES
dc.subjectCREDIT INSTITUTIONS
dc.subjectCREDIT SOURCE
dc.subjectCREDITORS
dc.subjectCURRENCY
dc.subjectCURRENCY APPRECIATION
dc.subjectCURRENCY DEPRECIATION
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT DEFICIT
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT RATIO
dc.subjectDEBT RATIOS
dc.subjectDEBT SERVICE
dc.subjectDEBT SUSTAINABILITY
dc.subjectDEBTORS
dc.subjectDEBTS
dc.subjectDEFICITS
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSIT
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITS
dc.subjectDEVALUATION
dc.subjectDEVALUATIONS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT BANK
dc.subjectDISBURSEMENTS
dc.subjectDISCLOSURE OF INFORMATION
dc.subjectDISCOUNT RATE
dc.subjectDOLLAR EXCHANGE RATE
dc.subjectDOMESTIC CONSUMPTION
dc.subjectDOMESTIC CURRENCY
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC PRICE
dc.subjectDOMESTIC PRICES
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC ENVIRONMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC REFORMS
dc.subjectECONOMIC SLOWDOWN
dc.subjectEQUILIBRIUM
dc.subjectEQUIPMENT
dc.subjectEQUIPMENTS
dc.subjectEXCESS LIQUIDITY
dc.subjectEXCESS SUPPLY
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE MANAGEMENT
dc.subjectEXCHANGE RATE POLICY
dc.subjectEXCHANGE RATES
dc.subjectEXPANSIONARY POLICY
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT EARNINGS
dc.subjectEXPORT GROWTH
dc.subjectEXPORT VOLUME
dc.subjectEXPORTER
dc.subjectEXTERNAL DEBT
dc.subjectFINANCE CORPORATION
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL BALANCE
dc.subjectFISCAL CONSOLIDATION
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DEFICITS
dc.subjectFIXED CAPITAL
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTORS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN INVESTMENTS
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN TRADE
dc.subjectGLOBAL ECONOMY
dc.subjectGOLD
dc.subjectGOVERNMENT BOND
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT DEFICIT
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT SPENDING
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHOLDING
dc.subjectHOLDINGS
dc.subjectIMBALANCE
dc.subjectIMPORT
dc.subjectIMPORTS
dc.subjectIMPORTS OF CONSUMPTION
dc.subjectINCOME TAX
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFLATION RATES
dc.subjectINFLATION TARGET
dc.subjectINFORMATION DISCLOSURE
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE FLEXIBILITY
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL PRICE
dc.subjectINTERNATIONAL PRICE OF OIL
dc.subjectINTERNATIONAL PRICES
dc.subjectINTERNATIONAL RESERVES
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTMENT DEMAND
dc.subjectINVESTMENT INCOME
dc.subjectINVESTMENT SPENDING
dc.subjectISSUANCES
dc.subjectLIBERALIZATION
dc.subjectLONG-TERM LOANS
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC RISKS
dc.subjectMARKET ECONOMIES
dc.subjectMARKET LEVELS
dc.subjectMATURITY
dc.subjectMINIMUM CAPITAL REQUIREMENT
dc.subjectMONETARY AGGREGATES
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectMONEY DEMAND
dc.subjectMORAL SUASION
dc.subjectNON-PERFORMING LOAN
dc.subjectNON-PERFORMING LOANS
dc.subjectNPL
dc.subjectOIL EXPORT
dc.subjectOIL EXPORTS
dc.subjectOIL REVENUES
dc.subjectOUTSTANDING CREDIT
dc.subjectPARALLEL EXCHANGE RATE
dc.subjectPARALLEL MARKET
dc.subjectPLEDGES
dc.subjectPORTFOLIO
dc.subjectPORTFOLIO INFLOWS
dc.subjectPORTFOLIO INVESTMENTS
dc.subjectPORTFOLIOS
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATE DEBT
dc.subjectPRODUCTS EXPORTS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXTERNAL DEBT
dc.subjectPUBLIC FINANCE
dc.subjectRE-EXPORTS
dc.subjectREAL ESTATE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXCHANGE RATE APPRECIATION
dc.subjectREMITTANCES
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRISK PREMIUM
dc.subjectSHORT-TERM CAPITAL
dc.subjectSHORT-TERM INTEREST RATE
dc.subjectSTABILIZATION POLICIES
dc.subjectSTABLE FINANCIAL SYSTEM
dc.subjectSTATE BANK
dc.subjectSTOCK EXCHANGE
dc.subjectSTOCKS
dc.subjectSURPLUS
dc.subjectTAX
dc.subjectTOTAL CREDIT
dc.subjectTOTAL DEPOSIT
dc.subjectTOTAL EXPORT
dc.subjectTOTAL EXTERNAL DEBT
dc.subjectTOTAL IMPORT
dc.subjectTOTAL IMPORTS
dc.subjectTOTAL INVESTMENT
dc.subjectTRADE BALANCE
dc.subjectTRADE DEFICIT
dc.subjectTRADING
dc.subjectUNCERTAINTY
dc.subjectUPWARD PRESSURE
dc.subjectWORLD ECONOMY
dc.titleTaking Stock, June 2010
dc.titleAn Update on Vietnam's Recent Economic Development
dc.typeReport
dc.typeRapport
dc.typeInforme

Archivos

Colecciones

AgroKnow