Vietnamese students suggested to lift their creativity and innovation
Vietnam’s economy is meeting many challenges in the coming time, but with its achievements gained in recent years and opportunities from recently-signed free trade agreements, especially the TPP, the country surely has favourable oppoturnities to lift growth and catch up with other economies.
The assessment was said by Managing Director of the International Monetary Fund (IMF) Christine Largarde on March 17 at a meeting with students of the National Economics University in Hanoi.
Along with giving the forecasts and useful advices, IMF Managing Director Christine Largarde also inspired business creativity to hundreds of students of the National Economics University, the young economists of Vietnam.
At the meeting, sShe said that Vietnam has become one of the world’s most open economies in the past 30 years, which benefits from international trade and FDI to drive up growth and reduce poverty.
According to Christine, in order to manage perfectly an economy, Vietnam should ensure its macroeconomics are stable by using flexible exchange rates to minimise the shocks created by global financial markets, and by using inflation as a decisive factor to develop monetary policies.
The country need enhance its administrative reforms, as well as increase the Government’s income to reduce public debt and to boost investment in critical areas such as infrastructure, health and education, and rise salaries of those working for the State authorities, she said.
The Government should also assist banks in addressing non-performing loans and bolster their balance sheets, Christine suggested.
In addition, the Government should also promote its economic growth stronger, more comprehensive and more stable, she noted.
However, Christine Largade warned that Vietnam's population is aging and may be a burden to its growth.
Therefore, Vietnamese young people need to make their efforts best to become a strong factor in the economic transition, she said.
The Managing Director suggested that Vietnamese students should lift their creativity and innovation, while trying to build good knowledge and skills in economics related subjects such as math, engineering and finance.
"You need to have knowledge of mathematic, engineering, finance, and economy. But I also encourage you to have diversified experiences in fields of literature, art and language" - the IMF leader noted.
In the current status of the global economy, that Vietnamese youth have opportunities to become global citizens, Christine encouraged them to consider joining the IMF to help the fund addressing the urgent problems of the 188 member countries through research, policy advice, training and technical assistance.
IMF Managing Director Christine Largarde speaks at a meeting with students of the National Economics University in Hanoi on March 17.
|
At the meeting, sShe said that Vietnam has become one of the world’s most open economies in the past 30 years, which benefits from international trade and FDI to drive up growth and reduce poverty.
According to Christine, in order to manage perfectly an economy, Vietnam should ensure its macroeconomics are stable by using flexible exchange rates to minimise the shocks created by global financial markets, and by using inflation as a decisive factor to develop monetary policies.
The country need enhance its administrative reforms, as well as increase the Government’s income to reduce public debt and to boost investment in critical areas such as infrastructure, health and education, and rise salaries of those working for the State authorities, she said.
The Government should also assist banks in addressing non-performing loans and bolster their balance sheets, Christine suggested.
In addition, the Government should also promote its economic growth stronger, more comprehensive and more stable, she noted.
However, Christine Largade warned that Vietnam's population is aging and may be a burden to its growth.
Therefore, Vietnamese young people need to make their efforts best to become a strong factor in the economic transition, she said.
The Managing Director suggested that Vietnamese students should lift their creativity and innovation, while trying to build good knowledge and skills in economics related subjects such as math, engineering and finance.
"You need to have knowledge of mathematic, engineering, finance, and economy. But I also encourage you to have diversified experiences in fields of literature, art and language" - the IMF leader noted.
In the current status of the global economy, that Vietnamese youth have opportunities to become global citizens, Christine encouraged them to consider joining the IMF to help the fund addressing the urgent problems of the 188 member countries through research, policy advice, training and technical assistance.
22:57, 2024/11/29
Hanoi controls fruit traders to ensure safety
By encouraging all stakeholders to co-operate, Hanoi aims to improve food safety standards and protect public health.
18:45, 2024/11/28
Vietnam, Hesse (Germany) promote high-tech cooperation
Bilateral trade between Vietnam and Hesse has reached around EUR1 billion (US$1.05 billion) annually, accounting for one-tenth of total trade between Vietnam and Germany.
15:34, 2024/11/27
Big discounts on offer at Hanoi's November Promotion Festival
The event is part of the Hanoi Concentrated Promotion Program 2024, held in May, July, and November, attracting up to 2,000 businesses.
17:23, 2024/11/26
Hanoi unveils 150 most popular Vietnamese products and services for 2024
The "Most Popular Vietnamese Products" voting program is part of the city's broader efforts to encourage the consumption of local goods.
16:50, 2024/11/23
Hanoi hosts the Vietnam Regional Specialties Fair 2024
This year's fair will contribute to the promotion of trade and the expansion of typical regional products, especially agricultural and food products that meet export standards.
14:06, 2024/11/20
Hanoi strengthens export competitiveness and trade protection measures
Hanoi will work with the Ministry of Industry and Trade to ensure that businesses and manufacturers are ready for new challenges.
- US reiterates Vietnam is not manipulating currency
- Vietnam, Brazil: Building bridges through shared history and new partnerships
- Hanoi to attract tourists by showcasing local specialties at wholesale markets
- National E-commerce Week, Vietnam Online Shopping Day 2024 set to kick off
- Vietnamese goods in rising demand among Hanoi residents
- Hanoi unveils 2024 rural industrial plans