Deputy Prime Minister Vuong Dinh Hue (R) and Alex Mourmouras, head of the IMF delegation (Photo: VNA) Hanoi (VNA) – The Vietnamese Government hopes to receive consultancyfrom the International Monetary Fund (IMF) to better its security market, priceregulation and macro-economic policies, Deputy Prime Minister Vuong Dinh Hue hassaid.
Hosting a reception for IMF’s “Article IV consultations” delegation in Hanoi onApril 12, Hue affirmed that Vietnam consistently works to stabilise the macro-economy,accelerate economic restructuring, improves the business and investment climateand promotes global economic integration.
The Vietnamese Government attaches much importance to the transparency of makingand implementing economic policies as it helps enhance confidence of the investorsand enterprises, making contributions to stabilising the macro-economy, hesaid.
In that spirit, the Government will order competent ministries and branches toclosely work with the IMF, hoping that IMF will give more support in trainingand policy consultancy to them, Hue stressed.
Alex Mourmouras, head of the IMF delegation, said the Vietnamese Government showedits commitments to stabilising the macro-economy and developing the privatesector as a driver of economic development.
Therefore, the Vietnamese economy has shown resilience and good growth with theinflation curbed at low rate in the context of increasing trade tension andglobal financial fluctuations, he said.
The State Bank of Vietnam is actively carrying out the restructuring ofcommercial banks and credit operation while working to ensure growth. Statebudget deficit and public debt went down sharply over the past three years, henoted, saying these reflected that the Government’s policies are on the righttrack to make Vietnam become a real market economy.
He referred to growing trade conflicts in the globe, together with unsteady macrostability, cyber security risks, and slow administrative reforms, as hindrancesto Vietnam in 2019.
The delegation suggested the Government continue to move forward the role ofthe private sector, and strengthen commercial banks’ capacity in the comingtime.-VNA
VNA
