Vietnam’s recent resolution to stabilise its macroeconomy showed the government’s determination to control the economy in the current situation, said an IMF official.

Senior Resident Representative of the International Monetary Fund in Vietnam Benedict Bingham gave this assessment while he and a visiting IMF mission were received by Minister-Chairman of the Government Office Nguyen Xuan Phuc in Hanoi on Mar. 23.

He also said that the mission’s trip was to evaluate Vietnam ’s economy in 2011, following IMF regulations.

He said that IMF supported the plan and measures under the Vietnamese Government’s Resolution 11/NQ-CP issued on Feb. 23, 2011.

The official submitted the mission’s recommendations on monetary, foreign exchange and fiscal policies, emphasising the importance of protecting financial sector stability as it needs a series of macro preventive and monitoring measures.

Minister Phuc told guests about the government’s efforts in implementing synchronous measures to control inflation and raise the efficiency of public investment.

Speaking highly of the IMF and the mission’s recommendations, the Vietnamese official expressed his wish to closely coordinate with the IMF in the future.

He affirmed the government’s determination to reach the goals set in the Resolution 11 sustainably in the long term.

The Minister said the Vietnamese Government agreed upon the policy to implement a programme to appraise the stability of the financial sector and would soon release an official letter asking IMF and the World Bank to assist.

He also asked the IMF to provide technical assistance and training to raise Vietnamese governmental agencies’ capacity for research, analysis and formulation of macroeconomic policies./.