OECD Economic Surveys Viet Nam 2023
Viet Nam has made remarkable economic progress over the past decades, sustaining high economic growth. The economy has also proven resilient to shocks, including the COVID-19 pandemic. Extensive and continued reforms since the late 1980s have been key to this economic success. Nevertheless, with sig...
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
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Paris :
OECD Publishing
2023.
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| Edición: | 1st ed |
| Colección: | OECD Economic Surveys Series
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| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009741063106719 |
Tabla de Contenidos:
- Intro
- Foreword
- Basic statistics of Viet Nam, 2021
- Executive summary
- Challenges remain despite the well-managed COVID crisis
- The policy priority is to tame inflation, while being supportive of the recovery
- Enhancing social protection is urgent to prepare for population ageing
- The business climate needs to be further improved
- The digital transformation needs to be accelerated on all fronts
- Achieving net zero emissions calls for bolder policy action
- Main findings and key recommendations
- 1 Key policy insights
- Viet Nam should aim at not only high but also sustained post-pandemic growth
- Macroeconomic policy should be gradually normalised
- The economy showed resilience during the pandemic, but new challenges have arisen
- Substantial policy space could be used if downside risks eventuate
- Monetary policy needs to keep inflation expectations well anchored
- Financial markets need to be strengthened for smooth resource reallocation
- Banks are resilient, but need to closely monitor the rise of non-performing loans
- The financial markets can be further developed through liberalisation
- Making fiscal policy more transparent would strengthen its effectiveness
- Past prudence has provided fiscal space, but more challenges are emerging
- Further reforms are required to improve the functioning of the fiscal framework
- Enhancing revenues is urgently needed to meet the increasing spending demands
- Viet Nam's anti-corruption efforts have gained strong momentum recently
- Tackling informality should be more centred in economic policy
- The dynamic labour market creates many new jobs, but some are precarious
- The role of household businesses in the economy should be strengthened
- Viet Nam's social safety net should be more comprehensive.
- A more inclusive approach is required to safeguard vulnerable workers
- Old-age social safety nets needs to be strengthened amid the rapid population ageing
- Viet Nam's public pension has been evolving, but is still underdeveloped
- Providing social pension for all people is urgent
- References
- Annex 1.A. Determinants of income inequality
- Annex 1.B. Estimation of effective retirement age
- 2 Strong, digital, and green post-COVID recovery
- Improving the functioning of markets will be crucial for the post-pandemic recovery
- More could be done to enhance product-market competition
- Further enhancing SME development support
- Large differences in administrative burden across provinces
- A weak insolvency framework hinders business dynamism
- Effective public consultations matter for the quality of regulation
- The governance of SOEs should be improved to ensure competitive neutrality
- Price controls hinder product-market competition
- Accelerating digitalisation after the pandemic
- Digital transformation and innovation
- Digital infrastructures have expanded rapidly
- Strengthening the acquisition of digital skills
- Digital finance: fast rise of cashless payments
- Government digital services are a priority
- Pursuing green recovery
- Viet Nam is severely exposed to weather hazards
- Greenhouse gas emissions are rising fast
- Viet Nam aims at net zero greenhouse gas emissions in 2050
- Multiple funding sources are available to reach net zero GHG emissions
- Emission pricing
- Sectoral trends and prospects
- Power generation
- Agriculture
- Transport
- References.
