Prime Minister Pham Minh Chinh (right) and Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva. (Photo: VNA) Georgieva highlightedthe Association of Southeast Asian Nations (ASEAN)’s and Vietnam’s positiveeconomic growth, which, she said, has significantly contributed to spurring thesustainable growth of the global economy.
For his part, Chinh thanked the IMF and the ManagingDirector for their support to Vietnam in consultancy and policy making, helpingthe country stabilise the macro-economy and finance-monetary sector, andrecover the national economy.
Lauding the fund’s role in promoting economic recoveryafter the COVID-19 pandemic and setting forth major orientations to removedifficulties and challenges, the PM said Vietnam stays ready to work togetherwith the IMF to implement the agenda, focusing on the three pillars of stabilisingthe macro economy, supporting vulnerable countries and spurring growth.
Regarding the global economic situation, Georgieva pointed to a range of difficulties and challenges, which have also affectedVietnam.
Chinh also noted that the world economy is being impactedby many factors, including the lingering effects of the COVID-19 pandemic, theconflict in Ukraine, monetary tightening by many economies, supply – demanddecline, and production and business stagnation.
To overcome the current difficulties and challenges,the PM and IMF Managing Director agreed on the need forcomprehensive solutions to ensure peace andstability.
They emphasised the importance of strengtheninginternational solidarity, promoting multilateralism and continuing to boostinternational integration.
They shared the view that countries need to join handsto find new drivers for growth including green growth, circular economy, andsharing economy as well as the need to mobilse resources to expand productionand business, create more jobs, promote innovation and start-ups, and not topoliticise economic and scientific and technological issues.
The two sides agreed to strengthen the signing andnegotiation of free trade agreements, remove trade barriers to facilitate theglobal circulation of goods; handle issues peacefully and cooperatively;promote the mobilisation of resources for development through public-privatepartnership.
The PM emphasised that in the context of complexglobal economic developments and potential risks, Vietnam will continue toimplement the above mentioned groups of solutions to maintain macroeconomicstability, control inflation, maintain growth momentum, ensure major balancesof the economy, and control public debt.
Vietnam will continue to implement flexible andeffective monetary policy and fiscal policy with key focuses, promote bothdomestic and foreign investment, especially investment from the state sector.Vietnam will also coordinate and call on major economic hubs including ASEAN,to join hands in implementing the solutions.
The IMF Managing Director said that in the comingtime, the IMF will continue to have solutions to help member economies increasetheir resilience against future shocks.
In the current trend of fragmentation in the worldeconomy, the IMF hope that ASEAN in general and Vietnam in particular, on thebasis of economic growth achievements, will promote its role in connectingeconomies and have a stronger voice in promoting global cooperation.
Chinh affirmed that Vietnam is ready to join handswith the IMF to implement measures to promote economic recovery.
Vietnam hopes that the IMF will continue to supportVietnam in policy consulting and making, technical support so that Vietnam canachieve its set development goals.
On this occasion, Chinh invited Georgieva to visit Vietnam soon and the latter happily accepted the invitation./.
VNA
