Vietnam: Selected Issues and Statistical Appendix

This Selected Issues paper and Statistical Appendix reviews the factors behind developments in government revenue in Vietnam during 1996–2000. This period encompasses Vietnam's continued transition to a market-based economy, the Asian financial crisis in 1997, and, toward the end, high world oil prices, which have led to both temporary and permanent changes in the revenue base. The paper discusses developments in foreign currency deposits (FCDs) as a proxy for dollarization. It also reviews the FCD trends, analyses the causes, and assesses the benefits and policy challenges.
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Volume/Issue: Volume 2002 Issue 005
Publication date: January 2002
ISBN: 9781451840247
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Topics covered in this book

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Business and Economics , Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , Taxation - General , ISCR , CR , Vietnam , import , export , VAT , draft government decree , enterprise Law , asset substitution , import VAT efficiency , household enterprise , Exports , Imports , Bank deposits , Dollarization , Global , Asia and Pacific , Mekong , East Asia , Baltics

Summary

This Selected Issues paper and Statistical Appendix reviews the factors behind developments in government revenue in Vietnam during 1996–2000. This period encompasses Vietnam’s continued transition to a market-based economy, the Asian financial crisis in 1997, and, toward the end, high world oil prices, which have led to both temporary and permanent changes in the revenue base. The paper discusses developments in foreign currency deposits (FCDs) as a proxy for dollarization. It also reviews the FCD trends, analyses the causes, and assesses the benefits and policy challenges.