Vietnam:2022 Article IV Consultation-Press Release; Staff Report, and Statement by the Executive Director for Vietnam

Vietnam: 2022 Article IV Consultation-Press Release; Staff Report, and Statement by the Executive Director for Vietnam

Volume/Issue: Volume 2022 Issue 209

Publication date: July 2022

ISBN: 9798400213786

$20.00

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Topics covered in this book

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Finance , Inflation , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , monetary policy mix , prudent fiscal policy , government financing datum , U , S , dollar , fiscal policy stance , Credit , External sector statistics , Inflation , Global , COVID-19

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Summary

Spurred by an impressive vaccination drive, the economy is rebounding from a severe pandemic wave. The government successfully maintained fiscal, external, and financial stability. Nonetheless, the labor market recovery is lagging, with sizeable underemployment, small and medium sized enterprises remain vulnerable, problem loans are rising, real estate and corporate bond market risks are elevated, and the pandemic exacerbated longstanding structural challenges.