Politics

PM receives IMF Managing Director, OECD Secretary-General

Prime Minister Pham Minh Chinh has suggested the International Monetary Fund (IMF) continue with policy counselling for the Vietnamese Government regarding economic management and improvement of tools and policies related to fiscal, monetary and financial restructuring.
PM receives IMF Managing Director, OECD Secretary-General ảnh 1PM Pham Minh Chinh (R) and IMF Managing Director Kristalina Georgieva (Photo: VNA)

Hiroshima (VNA) – Prime Minister Pham Minh Chinh has suggested theInternational Monetary Fund (IMF) continue with policy counselling for the VietnameseGovernment regarding economic management and improvement of tools and policiesrelated to fiscal, monetary and financial restructuring.

PM Chinh made the suggestion during a meeting with IMF Managing Director Kristalina Georgieva in Hiroshima cityon May 20 on the occasion of his attendance at the expanded Summit of the Groupof Seven (G7) countries.

The PM shared with his guest Vietnam's success in various areas,including a stable financial market and an elevated national brand worth 431 billion USD in 2022, with thecountry achieving the fastest growth worldwide in brand development in the 2020-2022 period. Vietnam also climbed 12 places in the World Happiness Report 2023.

The two sides engaged in frankdiscussions on issues of mutual interest and raised new concerns amid ongoingglobal economic challenges.

Georgieva,for her part, spoke highly of Vietnam’s socio-economic management policy and affirmed that she and the IMF strongly support and will partner with Vietnam duringits development process.

PM receives IMF Managing Director, OECD Secretary-General ảnh 2PM Pham Minh Chinh and OECD Secretary-General Mathias Cormann (Photo: VNA)


Meeting Secretary-General of the Organisation for EconomicCo-operation and Development (OECD) Mathias Cormann, PM Chinh suggested both sides continuepromoting cooperation, firstly in preparing for the Ministerial Conference of the OECD Southeast Asia Regional Programme.

He sought OECD's support for Vietnam in adapting to new areasthat require a new mindset and new approaches in the future, especially in issues such as the globalminimum corporate income tax, energy and food security, climate change,knowledge-based economy and circular economy.

The OECD Secretary-General commits to continue cooperating withVietnam, supporting its recovery and economic development, particularly inareas of Vietnam's interest such as building investment policies aligned with the globalminimum corporate income tax, green economy, circular economy. He hoped thatVietnam will join in the  Inclusive Forum on Carbon Mitigation Approaches (IFCMA) tocontribute to the development of a comprehensive approach to global carbonreduction at the global level./. 

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