cr10281 - 2010 International Monetary Fund[Month Day 201...

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© 2010 International Monetary Fund September 2010 IMF Country Report No. 10/281 [Month, Day], 201 August 2, 2001 Vietnam: 2010 Article IV Consultation—Staff Report and Public Information N otice Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of the 2010 Article IV consultation with Vietnam, the following documents have been released and are included in this package: The staff report for the 2010 Article IV consultation, prepared by a staff team of the IMF, following discussions that ended on May 18, 2010, with the officials of Vietnam on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on July 7, 2010. The views expressed in the staff report are those of the staff team and do not necessarily reflect the views of the Executive Board of the IMF. A Public Information Notice (PIN). The policy of publication of staff reports and other documents allows for the deletion of market-sensitive information. Copies of this report are available to the public from International Monetary Fund Publication Services 700 19 th Street, N.W. Washington, D.C. 20431 Telephone: (202) 623-7430 Telefax: (202) 623-7201 E-mail: [email protected] Internet: http://www.imf.org International Monetary Fund Washington, D.C.
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INTERNATIONAL MONETARY FUND VIETNAM Staff Report for the 2010 Article IV Consultation Prepared by the Staff Representatives for the 2010 Consultation with Vietnam Approved by Masahiko Takeda and Dhaneshwar Ghura July 7, 2010 Discussions: Hanoi during May 5–18, 2010. Some members also visited Ho Chi Minh City on May 5–6, 2010. The mission met with State Bank of Vietnam Governor Giau, Vice Minister of Finance Ha, Vice Minister of Planning and Investment Sinh, other senior government officials, and private sector representatives. Staff team: Mr. Miyazaki (Head), Mses. Pongsaparn and Bi (all APD), Messrs. Abbas (FAD) and Ahmed (MCM), and Mr. Bingham (Senior Resident Representative). Ms. Vongpradhip and Mr. Do (OED) attended key meetings. Past advice: The 2008 Article IV consultation was concluded on March 16, 2009. The IMF and authorities generally agreed on strategic priorities, including the need to support economic activity during the global crisis while maintaining macroeconomic stability, promote financial sector soundness, ensure debt sustainability, and advance structural reforms to maintain the pace of economic development in Vietnam. Consultation focus: Discussions revolved around policies to ensure macroeconomic and financial stability, following the largely successful stimulus during 2009, as well as structural reforms to maximize Vietnam’s growth potential and poverty reduction. Outreach: The mission held a seminar on the Financial Sector Assessment Program at the State Bank of Vietnam and met with private-sector representatives, donors, and legislators from the National Assembly.
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