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231006 ||| eng |
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|a Taking Stock, August 2023
|h Elektronische Ressource
|b Making Public Investment Work for Growth
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|a Washington, D.C
|b The World Bank
|c 2023
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| 653 |
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|a Macroeconomics and Economic Growth
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|a Climate Change Policy and Regulation
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| 653 |
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|a Economic Growth
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| 653 |
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|a Public Sector Development
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| 653 |
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|a Decntralization
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| 653 |
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|a Climate Change
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| 653 |
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|a Public Investment
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| 653 |
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|a Public and Municipal Finance
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| 653 |
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|a Finance and Financial Sector Development
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|a World Bank Group
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|a eng
|2 ISO 639-2
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|b WOBA
|a World Bank E-Library Archive
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|a Economic Updates and Modeling
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|a 10.1596/40169
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|u http://elibrary.worldbank.org/doi/book/10.1596/40169
|x Verlag
|3 Volltext
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|a 330
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|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
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