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This work is a product of the staff of the World Bank with external contributions. The findings, interpretations and conclusions expressed in this work do not necessarily reflect the views of the World Bank and its Board of Executive Directors. The World Bank do not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations and other information shown on any map in this work do not imply any judgement on the part of the World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of the World Bank, all of which are specifically reserved. All queries on rights and licenses should be addressed to the Publishing and Knowledge Division, the World Bank, 1818 H Street NW, Washington DC, 20433, USA, Fax: 202-522-2625; email: Cover design by Le Bros, photo credit


This report was written by Dorsati Madani (Senior Country Economist),

Dung Viet Do (Senior Country Officer),

Quyen Hoang Vu (Senior Governance Specialist),

and Thu-Ha Thi Nguyen (Research Analyst).


It benefited from inputs by

Chiara Odetta Rogate (Senior Energy Specialist),

Ha Thi Thanh Nguyen (Consultant),

Huong Thi Lan Tran (Senior Public Sector Specialist),

James Anderson (Lead Public Sector Specialist),

Katia D’Hulster (Lead Financial Sector Specialist),

Ketut Kusuma (Senior Financial Sector Specialist),

Phuong Anh Nguyen (Senior Public Sector Management Specialist),

Quang Hong Doan (Senior Economist),

Serdar Yilmaz (Practice Manager),

Trang Minh Ta (Consultant),

Tuan Minh Le (Lead Economist),

and Viet Quoc Trieu (Senior Financial Sector Specialist).


We are grateful to Anh Thi Quynh Le (External Affairs Officer),

and Ngan Hong Nguyen (Senior External Affairs Officer)

for the communication support.

Khanh Linh Thi Le (Program Assistant) provided support during the preparation of the report.

The team is grateful for the overall guidance of Andrea Coppola (Lead Economist and Program Leader),
Sebastian Eckardt (Practice Manager; Macroeconomics, Trade, and Investment),

Alma Kanani (Practice Manager; Governance),

and Carolyn Turk (Country Director for Vietnam).


Making public investment for growth in east Asia and Pacific region

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