Vietnam seeks to stabilize macro-economy and accelerate economic restructuring

Head of the Party Central Committee’s Economic Commission Nguyen Van Binh made this statement during a reception for a delegation of the International Monetary Fund (IMF)in Hanoi on November 4. The IMF’s delegation was led by Mr.Alex Moumoura

Mr.Nguyen Van Binh hailed the IMF’s active support to Vietnam over the past years, especially in policy consultation which has proved effective. He informed his guest of the outcomes of the 12th National Party Congress’s fourth plenum, particularly several major policies to renew growth model, improve labour output and economic competitiveness.

He also gave his opinions on the delegation’s suggestions to restructure the banking system and speed up the reform of State-owned enterprises.

On his part, Mr.Alex Moumoura briefed the host about the IMF’s forecast on Vietnam’s macro-economic, fiscal, monetary-banking prospects and several recommendations on the reform of public finance, commercial banks and State-owned enterprises.

Expressing his pleasure with the Vietnamese Party and State’s priorities for the future, he affirmed that IMF will continue working closely with Vietnam.