Economic Management Competitiveness Credit

This project seeks to improve competitiveness drive growth and reduce poverty in Vietnam. The Economic Management and Competitiveness Credit supports policy actions in three areas key to economic reform: (1) promoting macroeconomic stability; (2) improving public sector administration by increasing transparency efficiency and accountability; and (3) creating an enabling business environment that promotes private sector development. This multi-donor initiative provides technical assistance and policy advice and undertakes analytical work with the Government of Vietnam to implement key policy or institutional changes such as developing and passing laws regulations and strategies relating to the three reform areas. The initiative also serves as the main platform for policy dialogue between the Government of Vietnam and the donor community on economic governance in the country.

The expected intermediate outcomes for this project include: (1) greater macroeconomic stability through improved financial sector stability and more effective fiscal policy management; (2) improved effectiveness and efficiency in public sector administration for sustainable economic growth; and (3) a more efficient transparent and equitable business environment.