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Vietnam: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 020
Language:
English
Publication Date:
24 Jan 2006
DOI:
https://doi.org/10.5089/9781451840315.002
ISBN:
9781451840315
ISSN:
1934-7685
Pages:
46
Keywords:
ISCR; CR; Vietnam; lending; DAF bond; policy lending; DAF operation; trade flow; growth potential; Trade balance; Remittances; Gravity models; Exports; Plurilateral trade; Asia and Pacific; Western Europe
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This Selected Issues paper for Vietnam reports that the framework for policy lending in Vietnam, in conjunction with the active consideration of proposals to enhance the operational autonomy of policy-lending institutions, poses significant risks. The current framework does not adequately address common governance issues related to state involvement in investment decisions, and is insufficient to ensure the quality of investment. Recommended policy actions include removing residual policy lending from commercial banks, and improving prudential regulations and supervision of the Development Assistance Fund and local development funds well before they are granted any significant autonomy.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund