Vietnam Report on the Observance of Standards and Codes : Accounting and Auditing Module
Vietnam's rapid economic growth since the late 1980s has brought it quickly to middle income–country status, a performance surpassed only by China. This growth has slowed in recent years, however, due to the weaker external environment and a s...
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| Format: | Report |
| Language: | English |
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Hong Duc Publishing House, Hanoi
2017
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| Online Access: | http://documents.worldbank.org/curated/en/220021512482581847/Vietnam-Report-on-the-Observance-of-Standards-and-Codes-ROSC-accounting-and-auditing-module http://hdl.handle.net/10986/28993 |
| Summary: | Vietnam's rapid economic growth
since the late 1980s has brought it quickly to middle
income–country status, a performance surpassed only by
China. This growth has slowed in recent years, however, due
to the weaker external environment and a slowdown in
reforms. Vietnam has the potential to join the ranks of
upper middle income countries in the next twenty years, but
this will require tough choices and actions to deepen market
institutions, create a level playing field for the private
sector and the state-owned enterprises (SOEs), and build a
modern financial sector. Vietnam is embarking on a process
of implementing a broad range of reforms designed to realize
its aspiration of becoming high-income country. As outlined
in the recently published World Bank report 'Vietnam
2035', Vietnam compares well with
upper-income-countries in Government effectiveness and
political stability, but ranks poorly for voice and
accountability and regulatory quality (which measures the
perceptions of the capacity of the state to formulate and
implement policies aimed at private-sector development). |
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