Chief Economist of the International Monetary Fund (IMF) Maurice Obstfeld (left) and Nguyen Van Binh, head of the Party Central Committee’s Economic Commission. (Source: VNA)
 
Hanoi (VNA) – Chief Economist of the International Monetary Fund (IMF) Maurice Obstfeld has expressed his support for Vietnam’s reform orientations, especially in the fiscal policy and the restructuring of the banking system and State-owned enterprises. 

Meeting with Politburo member Nguyen Van Binh, head of the Party Central Committee’s Economic Commission, in Hanoi on December 9, the visiting IMF official affirmed that his organization will always stand side by side with the Vietnamese Government in the development process.

At the reception, Binh spoke highly of the practical and effective cooperation between Vietnam and the IMF, particularly in technical support and finance-banking policy consultancy, contributing to the country’s macroeconomic stabilisation.

He stressed the Vietnamese Party and Government’s determination to consistently pursue the goal of stabilising the macro economy, creating drastic changes in economic restructuring in combination with transforming the growth model towards high productivity, quality, efficiency and competitiveness.

After sharing major orientations in economic restructuring, financial and public investment plans for 2016-2020 recently adopted by the National Assembly, Binh expressed his wish that the IMF will continue supporting Vietnam in such areas as macroeconomic supervision, policy dialogue and consultancy, training and technical support.

The IMF Chief Economist praised the Vietnamese economy’s positive changes over the past time, especially in monitoring the monetary policy and foreign exchange rate as well as the restructuring of the banking system, contributing to ensuring the macroeconomic stabilisation, curbing inflation and boost sustainable growth.-VNA