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Details
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| Country:
| Vietnam ; |
| Doc Name:
| Taking stock : an update on Vietnam's recent economic developments |
| Keywords:
| accumulation of reserves, agricultural commodities, Apr, asset price, asset prices, availability of credit, Balance of Payments, bank credit, bank deposits, banking sector, banking system, basket of currencies, bill, bills, bonds, borrower, Broad money, capacity constraints, capital account, capital flows, capital goods, capital inflows, Capitalization, cash transfers, Commercial Bank, Commercial Banks, Commodity, Commodity Price, commodity prices, comparison of costs, competitive exchange rate, Consumer, Consumer Price Index, consumption goods, Contribution, contributions, core business, core businesses, Credit Growth, Credit markets, credit policy, credit quality, creditor, creditors, CURRENCY, Currency mismatches, Current account, Current account balance, Current Account Balances, Current account deficit, debt, debtors, deficits, Deposit, depositors, deposits, depreciation, developing countries, developing economies, disbursements, distributional effects, diversification, domestic demand, domestic price, domestic prices, Economic activity, Economic Developments, Economic Environment, economic policy, Emerging Market, emerging markets, equipment, Euro zone, EXCHANGE RATE, exchange rate band, exchange rate flexibility, Exchange rate policy, exchange rate risk, expenditure, export earnings, export goods, export volumes, exporter, exposure, external debt, financial flows, financial institutions, financial instruments, financial interests, financial markets, financial sector, financial sector stability, financial services, fiscal policy, fixed exchange rate, food prices, foreign assets, foreign banks, foreign capital, foreign currency, Foreign Direct Investment, foreign exchange, foreign exchange market, foreign trade, Global macroeconomic conditions, gold, government bonds, government expenditures, Gross Domestic Product, growth rate, growth rates, holding, holding company, Import, Import Price, imports, imports of consumption, independent monetary policy, industrial countries, Inflation, inflation differential, inflation rate, inflationary pressure, inflationary pressures, interest rate, interest rates, international markets, International Price, international prices, international reserves, investment decision, Investment funds, Investment income, investment projects, investment spending, issuance, liquidity, long-term loans, loss of competitiveness, macroeconomic conditions, macroeconomic stability, major currencies, Market Index, market share, market value, Monetary Aggregates, monetary authorities, monetary authority, monetary discipline, Monetary Fund, monetary policy, mortgage, mortgage market, mutual investments, nominal exchange rate, nominal exchange rates, oil commodities, oil commodity, oil commodity prices, oil export, oil exports, Oil price, oil prices, open capital account, open economy, output, outstanding bank loans, policy response, Portfolio, portfolio inflows, Portfolio investments, Poverty rate, price of oil, public expenditures, public investment, public spending, purchases, rapid economic growth, rapid expansion, rapid growth, real appreciation, real estate, real estate investments, Real Exchange Rates, recurrent expenditures, remittances, reserve, reserve requirement, reserve requirements, reserves, retail price, retail prices, returns, risk management, salary, sale, sales, savings, secondary market, Securities, share prices, slowdown, stable exchange rate, State Bank, Stock Exchange, stock exchanges, stock investors, stock market, stock markets, Stock trading, stocks, Total export, Total import, total investment, Trade balance, trade deficit, Trading, trading partners, turnover, uncertainties, uncertainty, urban populations, weights, world market, World Markets, world prices, World trade, worth Show More |
| Language:
| English |
| Region:
| East Asia and Pacific ; |
| Rep Title:
| Taking stock : an update on Vietnam's recent economic developments |
| Topics:
| Private Sector Development ; Macroeconomics and Economic Growth ; Finance and Financial Sector Development |
| SubTopics:
| Emerging Markets ; Currencies and Exchange Rates ; Markets and Market Access ; Debt Markets ; |
| Unit Owning:
| PREM Sector Department (EASPR) |
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Abstract
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| Global macroeconomic conditions have deteriorated in Vietnam since the second half of 2007. In addition to a slowdown in industrial countries, there is considerable uncertainty in financial markets and a surge in the world prices of commodities. Rapid increases in the international prices of rice and oil are of particular concern for Vietnam. Export restrictions in the former case, and a freeze of the domestic price in the latter, have prevented a full transmission of these shocks to consumer prices. And a bumper harvest could help ease the pressure in the case of rice. But latent inflationary pressures will remain, adding to the social impact of higher prices in recent months. Vietnam should benefit from higher prices for food, and especially rice, as it is a net exporter. However, less than half of Vietnamese households are net sellers of food and an even lower share is a net seller of rice. Because of the complex distributional impacts of higher food prices, sweeping responses may not be appropriate. Actions that depress the price of rice may assist urban populations, but disadvantage more than half of poor households in the Red River delta. As for cash transfers, they require good targeting. But in Vietnam good targeting works best among the rural poor and ethnic minorities, which are not the losers in the current situation. |
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Downloads
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Complete Report
Official version of document (may contain signatures, etc) |
 PDF | 26 pages | Official Version | [1.82 mb] |
 Text | | Text Version* | |
| *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity. |
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