However, this growth was not sustainable, with many enterprises remaining under the weak management of the state, and produced much in stock just to report rising production figures.

At the end of his term, the situation of most state-owned enterprises was disastrous, even in Bancorex (a foreign trade bank with a prospect of success), which made Romania close to unable to pay its debts.

Moldova and Ukraine accused Romania of irredentism, among other things because the coalition that supported Văcăroiu's cabinet included nationalist and conservative-communist forces (the Romanian National Unity Party, the Greater Romania Party, and the Socialist Party of Labour) and because it insisted that the bilateral treaties referring to the 1939 Molotov–Ribbentrop Pact, which had led to territorial losses for Romania to the Soviet Union, from which Ukraine and Moldova had inherited their borders (those tensions diminished after Văcăroiu's and Oliviu Gherman's visits to Chișinău and Kyiv in the first half of 1995).

The countries where official visits were made include Japan, China, South Korea, India, Turkey, Philippines, Mexico, Chile, Peru, Colombia, and Lebanon.

In most of the visits, the official delegation was accompanied by businessmen (between 80 and 120 people), representatives of the Chamber of Commerce and Industry, the Association of Employers, and the media.

He attended conferences, meetings and scientific seminars organized domestically and internationally, and published numerous articles in newspapers and magazines in economic, financial, price and monetary matters.