CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Banking & Finance
IMF will continue to support and accompany with Vietnam
By Anh Kiet 11:44, 2016/03/18
On March 16, at the headquarters of the State Bank of Vietnam (SBV), Nguyen Van Binh, member of the Politburo, the SBV Governor had a meeting with Ms. Christine Lagarde, Managing Director of International Monetary Fund (IMF).
 
SBV Governor Nguyen Van Binh talked with IMF Managing Director Christine Lagarde
SBV Governor Nguyen Van Binh talked with IMF Managing Director Christine Lagarde
At their meeting, Governor Nguyen Van Binh told Managing Director Christine Lagarde that Vietnam is comprehensively switching to a market economy and considers this the guiding principle of steering the economy. Binh said that this is an important point in the documents issued by the Vietnamese Party and Government.

He highly valued the IMF’s assistance to Vietnam along with its support and policy advice. In particular, the assessment and advice of the IMF on the 2014 Article IV consultation have greatly contributed to the country’s success in monetary policies and bank restructuring, which in turn has helped stablise the macro-economy and ensure public social welfares.

He stressed that the next five years are very important to Vietnam as achievements during this period will create a firm foundation for growth and sustainable development in the future. Hence, the Southeast Asian nation wants to receive more technical assistance, training and policy advice from the IMF.

Christine Lagarde spoke highly of the resolve and policy direction of the Vietnamese Government and the SBV to maintain macro-economic stability, monetary and banking market stability and an optimal business climate. 

She added that the IMF will further support Vietnam through providing policy advice, training and technical assistance for Government agencies and the SBV, and help the nation connect to and share experience with other IMF member countries that have similar economic features.

IMF chief Christine Lagarde suggested solutions to strengthen fiscal policy and spur growth. The country should try to increase its income and improve the efficient use of capital, thus ensuring the sustainability of public debt, she recommended. The IMF always stands ready to coordinate and provide technical aid for the Vietnamese finance ministry, she said, expressing her belief that the cooperation will help Vietnam fulfill its socio-economic development targets.

Ms Lagarde said that the IMF will continue to support and accompany with Vietnam in the near future and will continue to provide policy advice, training and technical support for the government and central bank authorities, connect and share experiences between the member countries, conditional and similar economic circumstances to help Vietnam complete the reform program and successfully implement initiatives and tasks that Congress 12 had suggested.
Comments
Other news
15:51, 2025/02/24
Vietnam set to have digital banks within financial centers
Credit institutions headquartered in these financial centers will not be bound by restrictions on to foreign ownership or foreign investment conditions when providing services there or across borders.
14:30, 2025/02/15
Hanoi expands cashless parking pilot program
Hanoi is advancing its efforts to integrate technology into urban management by expanding the pilot program for cashless parking payments throughout the city.
16:58, 2025/02/11
Prime Minister urges banks to prioritize economic support over profits
One of the key priorities for the banking sector is to support small and medium-sized enterprises (SMEs), as they generate a large number of jobs and contribute significantly to the economy.
17:23, 2025/02/07
Vietnamese Gov’t forecasts CPI growth of up to 4.5% in 2025
With the goal of at least 8% GDP growth, the money supply in the economy will be significantly larger than in 2024. This will have an impact on price indices, particularly consumer prices.
17:51, 2025/01/07
Vietnam prioritizes agriculture and renewable energy for access to green loans
The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.
16:49, 2025/01/06
Vietnam GDP expands by 7.09% in 2024
The 2024 growth rate is considered positive amidst global uncertainties and domestic challenges such as natural disasters.