Taking Stock, June 2012 : An Update on Vietnam's Recent Economic Development

Taking Stock, June 2012 : An Update on Vietnam's Recent Economic Development

The 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...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Hanoi 2017
Subjects:	ACCESS TO INFORMATION ACCOUNTING ACCOUNTING STANDARDS ADMINISTRATIVE PROCEDURES ADVOCACY ROLE AIR POLLUTION ALLOCATION OF RESOURCES AUDITS BANKING SECTOR BASIC EDUCATION BEHAVIOR CHANGE BIODIVERSITY BLINDNESS CAPACITY BUILDING CHILD HEALTH CHILD MORTALITY CLINICS COMMERCIAL BANK COMMERCIAL BANKS COMMUNITY DEVELOPMENT COVERAGE OF POPULATION CURRENCY DEBT DEBTS DEVELOPING COUNTRIES DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT PLANS DEVELOPMENT POLICIES DEVELOPMENT ASSISTANCE DISABILITIES DISADVANTAGED CHILDREN EARLY CHILDHOOD ECONOMIC ACTIVITY ECONOMIC CONSEQUENCES ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC INTEGRATION ECONOMICS EDUCATIONAL ACTIVITIES EFFECTIVE GOVERNANCE EMPIRICAL RESEARCH EMPLOYMENT CREATION ENVIRONMENTAL ENVIRONMENTAL IMPACTS ENVIRONMENTAL INFORMATION ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PROTECTION ENVIRONMENTAL QUALITY EPIDEMIC EXERCISES EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORT PERFORMANCE FAMILIES FAMILY HEALTH FAMILY PLANNING FAMILY PLANNING SERVICES FINANCIAL RESOURCES FISCAL POLICIES FOOD POLICY RESEARCH FOOD PROCESSING FOREIGN DIRECT INVESTMENT FOREST MANAGEMENT GENDER BIAS GLOBAL ENVIRONMENT GOVERNMENT EXPENDITURES GOVERNMENT SUPPORT HEALTH CARE HEALTH CARE SERVICES HEALTH EDUCATION HEALTH OF WOMEN HEALTH OUTCOMES HEALTH PROMOTION HEALTH SECTOR HEALTH SERVICES HEALTH SYSTEM HOSPITAL HOUSEHOLD SURVEYS HUMAN WELL-BEING HYGIENE IMPORT QUOTAS IMPORTS IMPROVEMENT OF HEALTH INCIDENCE OF POVERTY INCOME INDOOR AIR POLLUTION INDUSTRIAL PRODUCTION INFANT INFORMATION SYSTEM INFORMATION SYSTEMS INFRASTRUCTURE DEVELOPMENT INSTITUTIONAL CAPACITY INSURANCE INTERMEDIATE GOODS INTERNATIONAL COOPERATION INTERNATIONAL DEVELOPMENT INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE INTERNATIONAL TRADE INTERNATIONAL TREATIES INTERVENTION LABOR COSTS LABOR FORCE LAM LAND TENURE LAND-USE PLANNING LAWS LEGAL SYSTEM LEGISLATION LEVELS OF CONSUMPTION LIVING STANDARDS MALNUTRITION AMONG CHILDREN MANDATES MARKET ECONOMY MARKETING MASS EDUCATION MATERNAL MORTALITY MEDICAL FACILITIES MIGRANTS MIGRATION MILLENNIUM DEVELOPMENT GOALS MINISTRY OF EDUCATION MINISTRY OF HEALTH MINORITY MODERNIZATION MONETARY FUND MORTALITY MULTILATERAL ORGANIZATIONS NATIONAL STRATEGY NATURAL DISASTER NATURAL RESOURCE NATURAL RESOURCE MANAGEMENT NATURAL RESOURCES NON-PERFORMING LOAN NPL NUMBER OF HOUSEHOLDS NUMERICAL TARGETS NUTRITION NUTRITION EDUCATION OIL PESTICIDES POLICY FORMULATION POLICY INSTRUMENTS POLICY MAKERS POLLUTION POOR HOUSEHOLDS POOR PEOPLE POOR WOMEN POPULATION CENSUS POPULATION CENSUSES POVERTY ALLEVIATION POVERTY LINE POVERTY REDUCTION PREVENTION ACTIVITIES PREVENTIVE HEALTH CARE PRIMARY EDUCATION PRIMARY HEALTH CARE PRIMARY SCHOOL PRIMARY SCHOOLS PRODUCTION PROCESSES PROGRESS PROPERTY RIGHTS PUBLIC PERCEPTIONS QUALITATIVE INFORMATION QUALITY OF EDUCATION QUALITY STANDARDS REMITTANCES REPRODUCTIVE HEALTH REPRODUCTIVE HEALTH PROGRAM RESEARCH PROJECTS RESOURCE ALLOCATION RESOURCES MANAGEMENT RURAL AREAS RURAL DEVELOPMENT RURAL POPULATION RURAL POVERTY SAFE WATER SAFETY NETS SANITATION SAVINGS SCHOOL QUALITY SECONDARY EDUCATION SECONDARY SCHOOLING SECURITIES SERVICE DELIVERY SHORT-TERM TRAINING SKILLS DEVELOPMENT SOCIAL AFFAIRS SOCIAL PARTICIPATION SOCIAL POLICIES SOCIAL POLICY SOCIAL SCIENCES SOCIAL SERVICES STATE BANK STREET CHILDREN SUSTAINABLE DEVELOPMENT SUSTAINABLE GROWTH TECHNICAL ASSISTANCE TECHNICAL EDUCATION TRADING TRANSPORTATION TREASURY UNFPA URBAN AREAS URBAN ENVIRONMENTS URBAN POVERTY VOCATIONAL TRAINING WASTE WATER RESOURCES WORKERS WORKPLACE YOUNG CHILDREN
Online Access:	http://documents.worldbank.org/curated/en/440551468318006172/Taking-stock-an-update-on-Vietnams-recent-economic-development http://hdl.handle.net/10986/26744

Description
Summary:	The 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.

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