The Vietnamese Government continues to exercise monetary policies to contain inflation, stabilize macro-economic conditions, and support economic recovery.

The Government should remain vigilant about inflation risks associated with rising prices of fuels and imports, which may dampen the ongoing recovery of domestic demand.

The challenge would be huge for localities and Government agencies to fully disburse the public investment funds for this year.

Vietnam considers IMF a key partner in pursuing the goal of becoming an upper-middle-income country by 2030, and a high-income country by 2045, Prime Minister Pham Minh Chinh has said.

Not only foreign trade and manufacturing are booming, but Vietnamese domestic tourism is also gradually picking up.

Fiscal policies such as tax cuts and freezing of payments have been supportive of the overall efforts of keeping inflation at bay.

Vietnam will focus on production, exports, and disbursement of public investment funds in key infrastructure projects.

The government has reinforced recovery plans after it issued guidance on "Safe adaptation, flexibility and effective control of the Covid-19 pandemic.

Successful realization of the program would help boost economic growth in the 2021-2025 period to 6.4-6.8%, one percentage point higher than a scenario without the program.