Việt Nam wants IMF’s policy consultancy: Deputy PM

Update: April, 13/2019 - 07:48
Deputy Prime Minister Vương Đình Huệ received International Monetary Fund's “Article IV consultations” delegation, headed by Alex Mourmouras in Hà Nội on April 12. — VNA/VNS Photo Dương Giang

HÀ NỘI — The Vietnamese Government hopes to receive advice from the International Monetary Fund (IMF) to improve its securities market, price regulation and macro-economic policies, Deputy Prime Minister Vương Đình Huệ said.

Hosting a reception for the IMF’s “Article IV Consultations” delegation in Hà Nội on Friday, Huệ said Việt Nam was working to stabilise the macro-economy, accelerate economic restructuring, improves the business and investment climate and promote global economic integration.

The Vietnamese Government attached much importance to the transparency of making and implementing economic policies as it helped enhance confidence among investors and enterprises, contributing to stabilising the macro-economy, he said.

The Government would instruct ministries and branches to work closely with the IMF in return for training and policy consultancy, Huệ said.

Alex Mourmouras, head of the IMF delegation, said the Vietnamese Government had shown its commitment to stabilising the macro-economy and developing the private sector as a driving force for economic development.

The Vietnamese economy had shown resilience and good growth with inflation curbed in the context of increasing trade tensions and global financial fluctuations, he said.

The State Bank of Việt Nam was restructuring commercial banks and credit operations while working to ensure growth. The State budget deficit and public debt had fallen sharply over the past three years, he noted, saying that reflected the Government’s policies were on the right track to make Việt Nam a real market economy.

He referred to growing trade conflicts, together with unsteady macro stability, cyber security risks and slow administrative reforms as hindrances to Việt Nam in 2019.

The delegation suggested the Government continue to push role of the private sector and strengthen the capacity of commercial banks. — VNS