Vietnam wants IMF’s support in economic restructuring hinh anh 1Deputy Prime Minister Vuong Dinh Hue (R) and his IMF guest. (Photo: VNA)

Hanoi (VNA) – The Vietnamese Government hopes to receive further policy evaluations and consultancies from the International Monetary Fund (IMF) to restructure the economy, creating momentum for growth, said Deputy Prime Minister Vuong Dinh Hue.

Hosting a reception for the IMF’s “Article IV consultations” delegation in Hanoi on March 29, Hue affirmed that Vietnam consistently works to stabilise the macro-economy, push up economic shake-up, improve the business climate, and promote global economic integration.

In that spirit, the Government will order relevant ministries and branches to enhance cooperative ties with the IMF, hoping that the institution will give more support in training and policy consultations to them.

Alex Mourmouras, who led the IMF’s delegation, said that Vietnam gained fruitful economic achievements in 2017. He gave an upbeat outlook for the Southeast Asia’s economy this year, in which the GDP is forecast to grow 6.6 percent while inflation rate is curbed below 4 percent thanks to improved business environment and contributions from the foreign business bloc.

He suggested that the Vietnamese Government modernise monetary policy and mechanism, better off financial risk management and work to facilitate the development of the private sector.

Mourmouras and the “Article IV consultations” delegation are working with the state organisations, commercial banks and private companies to give an overall evaluation on Vietnam’s macro-economy and consultations to the Government.

This has been an annual activity of the delegation since 1993.-VNA