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Vietnam: 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Vietnam
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 022
Language:
English
Publication Date:
24 Jan 2006
DOI:
https://doi.org/10.5089/9781451840322.002
ISBN:
9781451840322
ISSN:
1934-7685
Pages:
77
Keywords:
ISCR; CR; government; authority; minimum wage; state equity ratio; budget; Vietnamese authorities; authorities' plan; civil service wage structure; government interference; Commercial banks; Exports; Global; Asia and Pacific
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This 2005 Article IV Consultation for Vietnam reports that high credit growth in the context of weak bank balance sheets remains a cause for concern. The overall fiscal deficit narrowed from 7.2 percent of GDP in 2003 to 4½ percent of GDP in 2004, but a growing program of off-budget operations has weakened fiscal transparency and heightened concerns about medium-term debt sustainability. Improvements in the reliability, timeliness, and dissemination of key data are urgently needed to enhance the quality of policy analysis and surveillance.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund