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 VIET NAM RECOVERY MODEL

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Dove
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PostSubject: VIET NAM RECOVERY MODEL   VIET NAM RECOVERY MODEL I_icon_minitimeFri Jun 30, 2023 11:04 am

This part doesn't sound too great:
Government revenue collection is the following: individual and corporate income tax deposits, customs duties, fees for government service, fines, and loan repayments.

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VIET NAM RECOVERY MODEL 1f6a8 “Vietnam’s economic growth is projected to recover in the second half of 2023, reaching around 4.7 percent for the year, supported by a rebound in exports and expansionary domestic policies. Inflation is expected to remain contained below the SBV’s 4.5 percent ceiling. Over the medium term, Vietnam can return to high growth rates as structural reforms are implemented."
This is part of a report the IMF gave on Vietnam at the end of their Article 4 evaluation.

It was recommended that Vietnam take the lead now and guide their country through fiscal policy.
Fiscal policy is the use of government revenue collection and expenditure to influence a country's economy.
Government revenue collection is the following: individual and corporate income tax deposits, customs duties, fees for government service, fines, and loan repayments.

Through the implementation of these reforms, Vietnam's government will be able to sustain their government and influence growth going forward.
For these reasons Vietnam has been released of Article 4 from the IMF. "IMF Staff Completes 2023 Article IV Mission to Vietnam."
Along with Vietnam's adherence to SOFR lending rates and Basel 3 compliance, Vietnam has over 20 million tons of rare earth minerals valuing at 3 trillion dollars to put them well on their way to economic growth and the revaluation of all of their assets.
https://www.imf.org/en/News/Articles/2023/06/29/pr23247-vietnam-imf-staff-completes-2023-art-iv-mission
https://www.vietnam-briefing.com/news/rare-earth-mining-vietnam.html/#:~:text=Vietnam's%20rare%20earth%20reserves,for%20the%20nation's%20economic%20development


           
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