Taking Stock, August 2023 Making Public Investment Work for Growth

The latest Taking Stock report shows that Vietnam's economic growth slowed from 8% in 2022 to 3.7% in the first half of 2023. It forecasts a moderate growth of 4.7% in 2023, gradually accelerating to 5.5% in 2024 and 6.0% in 2025. However, the economy faces external and domestic headwinds. Viet...

Full description

Bibliographic Details
Corporate Author: World Bank Group
Format: eBook
Language:English
Published: Washington, D.C The World Bank 2023
Series:Economic Updates and Modeling
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
LEADER 02005nmm a2200313 u 4500
001 EB002177052
003 EBX01000000000000001314586
005 00000000000000.0
007 cr|||||||||||||||||||||
008 231006 ||| eng
245 0 0 |a Taking Stock, August 2023  |h Elektronische Ressource  |b Making Public Investment Work for Growth 
260 |a Washington, D.C  |b The World Bank  |c 2023 
653 |a Macroeconomics and Economic Growth 
653 |a Climate Change Policy and Regulation 
653 |a Economic Growth 
653 |a Public Sector Development 
653 |a Decntralization 
653 |a Climate Change 
653 |a Public Investment 
653 |a Public and Municipal Finance 
653 |a Finance and Financial Sector Development 
710 2 |a World Bank Group 
041 0 7 |a eng  |2 ISO 639-2 
989 |b WOBA  |a World Bank E-Library Archive 
490 0 |a Economic Updates and Modeling 
028 5 0 |a 10.1596/40169 
856 4 0 |u https://dx.doi.org/10.1596/40169  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a The latest Taking Stock report shows that Vietnam's economic growth slowed from 8% in 2022 to 3.7% in the first half of 2023. It forecasts a moderate growth of 4.7% in 2023, gradually accelerating to 5.5% in 2024 and 6.0% in 2025. However, the economy faces external and domestic headwinds. Vietnam has ample fiscal space and a proactive fiscal policy supporting short-term demand, removing barriers to the implementation of public investment, and addressing infrastructure constraints can help the economy achieve these targets and promote long-term growth. The report's special chapter studies Vietnam's public investment management and how it can contribute to the goal of becoming a high income economy. To harness the power of public investment, the report recommends that Vietnam sustain its level of investment, improve the quality of the proposed project, and address deficiencies in public investment management and inter-governmental fiscal institutions