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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Main Author: World Bank
Format: Report
Language:English
en_US
Published: World Bank, Hanoi 2017
Subjects:
LAM
NPL
OIL
Online Access:http://documents.worldbank.org/curated/en/440551468318006172/Taking-stock-an-update-on-Vietnams-recent-economic-development
http://hdl.handle.net/10986/26744
id okr-10986-26744
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic 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
spellingShingle 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
World Bank
Taking Stock, June 2012 : An Update on Vietnam's Recent Economic Development
geographic_facet East Asia and Pacific
Vietnam
description 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.
format Report
author World Bank
author_facet World Bank
author_sort World Bank
title Taking Stock, June 2012 : An Update on Vietnam's Recent Economic Development
title_short Taking Stock, June 2012 : An Update on Vietnam's Recent Economic Development
title_full Taking Stock, June 2012 : An Update on Vietnam's Recent Economic Development
title_fullStr Taking Stock, June 2012 : An Update on Vietnam's Recent Economic Development
title_full_unstemmed Taking Stock, June 2012 : An Update on Vietnam's Recent Economic Development
title_sort taking stock, june 2012 : an update on vietnam's recent economic development
publisher World Bank, Hanoi
publishDate 2017
url http://documents.worldbank.org/curated/en/440551468318006172/Taking-stock-an-update-on-Vietnams-recent-economic-development
http://hdl.handle.net/10986/26744
_version_ 1764462756048666624
spelling okr-10986-267442021-04-23T14:04:38Z Taking Stock, June 2012 : An Update on Vietnam's Recent Economic Development World Bank 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 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. 2017-05-24T14:30:49Z 2017-05-24T14:30:49Z 2012-06 Report http://documents.worldbank.org/curated/en/440551468318006172/Taking-stock-an-update-on-Vietnams-recent-economic-development http://hdl.handle.net/10986/26744 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Hanoi Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Vietnam