Chairman of the Party Central Committee’s Commission on Economic Affairs Nguyen Van Binh (R) meets Alex Moumouras, who led the IMF delegation, on March 30 (Photo: VNA)Hanoi (VNA) – Chairman of the Party CentralCommittee’s Commission on Economic Affairs Nguyen Van Binh had a meeting with adelegation of specialists from the International Monetary Fund (IMF) in Hanoion March 30.
He hailed the effective cooperation betweenVietnam and the IMF, noting with satisfaction the outcomes of the delegation’sworking session with local relevant agencies.
He kept his guests updated on Communist Party ofVietnam’s guidelines and policies on growth model reform, labour productivityand competitiveness promotion, international economic integration, and ensuringpolitical and social stability amid the country’s participation innew-generation free trade agreements.
For 2016-2020, Vietnam will press ahead withcomprehensive and intensive reforms, make breakthroughs in mechanisms, policiesand steering methods, and capitalise on people’s and businesses’ creativity.Macro-economic stability will be kept to serve as the foundation forsustainable growth. The country will promote the private sector’s developmentwhile attracting foreign investment selectively to drive sustainable economicgrowth.
Binh also emphasised the need for Vietnam tocontinue banking restructuring in association with settling non-performingloans, controlling public debt, managing exchange rates, and using fiscalpolicy tools in an appropriate manner to ensure the stability and effectivenessof Vietnam’s banking system.
At the meeting, Alex Moumouras, who led the IMFdelegation, briefed his host about the assessments they shared with localministries and sectors. The IMF experts spoke of the economy’s improvements,particularly those on macro-economy, inflation, interest rates and exchange rates,and the business climate.
The two sides also discussed challenges facingthe country in ensuring economic growth rate and quality and minimising globalmarkets’ negative impacts on Vietnam, he added.
He voiced his support for the fiscal policyreforms and continued restructuring of banks and enterprises in Vietnam, addingthat the IMF will maintain the close cooperation with and effective assistanceto the country.-VNA
VNA
