Friday, August 17 2018

VietNamNews

VN wants IMF’s support in economic restructuring

Update: March, 30/2018 - 09:00
Deputy Prime Minister Vương Đình Huệ receives IMF’s ‘Article IV consultations’ delegation in Hà Nội yesterday. — Photo daidoanket.vn

HÀ NỘI — The Vietnamese Government hopes to receive further policy evaluations and consultancies from the International Monetary Fund (IMF) to restructure the economy, creating momentum for growth, said Deputy Prime Minister Vương Đình Huệ.

Hosting a reception for the IMF’s ‘Article IV consultations’ delegation - an IMF team of economists visits a country to assess economic and financial developments and discuss the country’s economic and financial policies with government and central bank officials - in Hà Nội yesterday, Huệ said Việt Nam consistently works to stabilise the macro-economy, speed up economic restructuring, improve the business climate, and promote global economic integration. 

In that spirit, the Government will order relevant ministries and branches to enhance cooperative ties with the IMF, hoping that the institution will give more support in training and policy consultations to them. 

Alex Mourmouras, who led the IMF’s delegation, said Việt Nam gained fruitful economic achievements in 2017. He gave an upbeat outlook for the Southeast Asia’s economy this year, in which the GDP is forecast to grow 6.6 percent while inflation rate is curbed below four percent thanks to improved business environment and contributions from the foreign business bloc. 

He suggested that the Vietnamese Government modernise monetary policy and mechanism, improve financial risk management and work to facilitate the development of the private sector. 

Mourmouras and the delegation are working with State organisations, commercial banks and private companies to give an overall evaluation on Việt Nam’s macro-economy and consultations to the Government. 

This has been an annual activity of the delegation since 1993. — VNS 

 

 

 

 

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