He kept his guests updated on Communist Party of Vietnam’s guidelines and policies on growth model reform, labour productivity and competitiveness promotion, international economic integration, and ensuring political and social stability amid the country’s participation in new-generation free trade agreements.
For 2016-2020, Vietnam will press ahead with comprehensive and intensive reforms, make breakthroughs in mechanisms, policies and steering methods, and capitalise on people’s and businesses’ creativity. Macro-economic stability will be kept to serve as the foundation for sustainable growth. The country will promote the private sector’s development while attracting foreign investment selectively to drive sustainable economic growth.
At the meeting, Alex Moumouras, who led the IMF delegation, briefed his host about the assessments they shared with local ministries 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 facing the country in ensuring economic growth rate and quality and minimising global markets’ negative impacts on Vietnam, he added.
He voiced his support for the fiscal policy reforms and continued restructuring of banks and enterprises in Vietnam, adding that the IMF will maintain the close cooperation with and effective assistance to the country.