14:57 (GMT +7) - Saturday 25/11/2017

Vietnam Today

IMF committed to supporting macroeconomic stability

Released at: 13:33, 11/11/2017

IMF committed to supporting macroeconomic stability

Photos: Christine Lagarde's facebook

IMF Managing Director meets separately with State President and Prime Minister in Da Nang.

by Linh San

State President Tran Dai Quang welcomed Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), on November 10 in Da Nang on the sidelines of the ongoing APEC Economic Leaders’ Week.

President Quang spoke of Vietnam’s achievements in socioeconomic development in 2017, affirming that the country consistently stabilizes its macroeconomy in line with enhancing economic growth, restructuring its economy, and renewing its development model, according to chinhphu.vn. He added that Vietnam will make drastic changes to meet demands for intensive international integration and improve its growth quality.

Ms. Lagarde committed to supporting Vietnam in stabilizing its macroeconomy and promoting sustainable and inclusive growth.

She highly appraised Vietnam’s efforts in organizing APEC 2017 and initiatives proposed and realized by APEC members in the fields of trade facilitation and restructuring, human resources development, digital economic development, global supply chains, and assistance to small and medium-sized enterprises.

“I met with President Quang and expressed my sympathy for those affected by Typhoon Damrey,” she wrote on Facebook. “I also congratulated President Quang on Vietnam’s remarkable economic success and its hosting of APEC 2017.”

President Quang suggested the IMF continue strengthening its cooperation with and consultancy for Vietnam in monitoring its macroeconomy, fiscal and monetary policy, the restructuring of the banking and finance sector, and the training of human resources in banking and finance.

 

On the same day, Ms. Lagarde also met with Prime Minister Nguyen Xuan Phuc and discussed economic development in Vietnam and the reforms needed to increase potential growth.

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