Vietnam determined to accelerate economic restructuring

Hanoi (VNA) – The Party and Government of Vietnam consistently pursue the goal of stabilising macro-economy, heed growth quality, and accelerate economic restructuring, especially bad debts and banking system, head of the Party Central Committee’s Economic Commission Nguyen Van Binh said.

During a reception in Hanoi on November 4 for a delegation of the International Monetary Fund (IMF) led by Alex Moumoura, Binh spoke highly of the IMF’s active support to Vietnam over the past years, especially in policy consultation which has proved effective.

He gave his opinions on the delegation’s suggestions to restructure the banking system and speed up the reform of State-owned enterprises.

On the occasion, he also informed his guest of the outcomes of the 12th National Party Congress’s fourth plenum, particularly several major policies to renew growth model, improve labour output and economic competitiveness.

Moumoura, for his part, briefed the host about the IMF’s forecast on Vietnam’s macro-economic, fiscal, monetary-banking prospects and several recommendations on the reform of public finance, commercial banks and State-owned enterprises.

Expressing his pleasure with the Vietnamese Party and State’s priorities for the future, he affirmed that IMF will continue working closely with Vietnam.-VNA