Saturday, March 26, 2011

IMF official praises Vietnam’s economic efforts

(vn-today) – 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.
Photo: Vietnam+
Senior Resident Representative of the International Monetary Fund in Vietnam Benedict Bingham told Minister-Chairman of the Government Office Nguyen Xuan Phuc at a reception for a visiting IMF mission in Hanoi on March 23.
He also said that the mission’s trip was to evaluate Vietnam’s economy in 2011, following IMF regulations.
He said that IMF supports the plan and measures under the Vietnamese Government’s Resolution 11/NQ-CP issued on February 23, 2011.
The official submitted the mission’s recommendations on monetary, foreign exchange and fiscal policies, emphasising the importance of keeping the financial sector stable as it needs a series of macro preventive and monitoring measures.
Minister Phuc briefed the guests on 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 Resolution 11 sustainably in the long term.
The Minister said the Vietnamese Government is launching a programme to appraise the stability of the financial sector and will 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.
VNN/VNA/VOV
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