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Poverty Reduction VN_annual Progress Report

Poverty Reduction VN_annual Progress Report

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\u00a9 2006 International Monetary Fund
February 2006
IMF Country Report No. 06/70
Vietnam: Poverty Reduction Strategy Paper\u2014Annual Progress Report

Poverty Reduction Strategy Papers (PRSPs) are prepared by member countries in broad consultation
with stakeholders and development partners, including the staffs of the World Bank and the IMF.
Updated every three years with annual progress reports, they describe the country\u2019s macroeconomic,
structural, and social policies in support of growth and poverty reduction, as well as associated
external financing needs and major sources of financing. This country document forVietnam is being
made available on the IMF website by agreement with the member country as a service to users of the
IMF website.

To assist the IMF in evaluating the publication policy, reader comments are invited and may be sent
by e-mail topublicationpolicy@imf.org.
Copies of this report are available to the public from

International Monetary Fund\u2022 Publication Services
700 19th Street, N.W.\u2022 Washington, D.C. 20431
Telephone: (202) 623-7430\u2022 Telefax: (202) 623-7201
E-mail:publications@imf.org\u2022Internet: http://www.imf.org

Price: $15.00 a copy
International Monetary Fund
Washington, D.C.

The implementation process of the socio-economic development plans is also the implementation process of the Comprehensive Poverty Reduction and Growth Strategy (CPRGS).

In 2004, the Vietnam\u2019s economy has been maintaining a good growth rate, with the Gross Domestic Product (GDP) increased by about 7.6%; the industrial output and export turnover have been continuously increased and exceeded the targeted plan; the state budget revenues have also exceeded the estimation; the entire social investment has been fairly well increased, especially that of the private sector has been vigorously increased; culture, education and health care continue to develop; targets of employment and poverty reduction as well as the rate of malnourished children, etc. have been satisfactory or even beyond the estimated plan.

These social and economic achievements in the context of price fluctuations, epidemic occurrences and natural disasters over the recent time have highlighted great efforts of the people, enterprises, the Government of Vietnam and authorities of different levels, as well as the support and coordination from the entire political system in guiding the implementation of resolutions of the Communist Party and National Assembly. Effective support and assistance from the international donor community and international organizations are also highly appreciated.

This victory is a vivid reflection of the fact that Vietnam is pursuing the implementation of Doi Moi policy, opening its economy, moving towards international integration, and improving the investment and business environment in order to promote the economic growth for poverty reduction.

This annual 2003 \u2013 2004 report "Vietnam: Growth and Poverty Reduction" provides a comprehensive assessment and analysis of the economic growth and poverty reduction situation over the recent time.

We do hope this report will be useful for agencies, institutions, individuals, donors, international organizations and investors to acquire a better understanding of the situation and give further support to Vietnam in the course of economic development, poverty reduction and hunger elimination, realization of social equality and progress.

Vo Hong Phuc

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