Tuesday, 19 Feb 2019

WB, IMF willing to support Vietnam's economy

Updated at Wednesday, 27 Jun 2018, 20:12
The Hanoitimes - Leaders of the world`s two largest financial institutions pledged to provide further support for Vietnam during their meetings with Vietnamese Deputy Prime Minister Vuong Dinh Hue, who is on a visit to the United States.
During his trip to the US, Deputy PM Hue met with CEO of WB Kristalina Georgieva and IMF Director Christine Lagarde.
At the meeting, the Deputy Prime Minister affirmed that the two institutions are Vietnam's top partners, while hailing their support for Vietnam socio-economic development, especially in poverty reduction and climate change response.
Vietnamese Deputy Prime Minister Vuong Dinh Hue (R) meets withCEO of World Bank
Vietnamese Deputy Prime Minister Vuong Dinh Hue (R) meets withCEO of World Bank
On this occasion, the Vietnamese official proposed WB continue to back Vietnam in sustainable development, especially enhance the bank’s role in cooperation at Mekong Subregion and become the main partner of the Cambodia – Laos- Vietnam Triangle model.
He also appraised the suggestions made by the WB on boosting the investment in human resources, amid the current strong evolution of science and technology.  
The Vietnamese Deputy PM also conveyed the invitation of PM Nguyen Xuan Phuc to the WB’s CEO to attend the World Economic Forum (WEF) on ASEAN in Hanoi in September.
For her part, Kristalina Georgieva said WB attached importance to the relation with Vietnam. The financial institution would be willing to give hands to Vietnam’s development programs in the future, said the WB leader.
Accordingly, WB suggested Vietnam focus on areas of sustainability components including human resources, healthcare, climate change response, water management, etc., for which the bank along with related agencies would consider giving further support.
During the meeting with Mitsuhiro Furusawa, Deputy Director of the International Monetary Fund (IMF), Deputy PM Hue thanked IMF as well as Furusawa himself for the their cooperation and support for Vietnamese government over the process of economic reform.
The Vietnam official wished to receive the strong support from IMF as well as the assistance, training and policy consultation from the fund in the future.
Mitsuhiro Furusawa highly appreciated the reforms made by the Vietnamese government as effective tools for the country to reach notable achievements including stable macro economy, improved business environment, enhanced competitiveness, controlled inflation, etc.
He also stressed that the country should, at the same time, modernize the monetary policies, enhance the fiscal policy, improve the flexibility of exchange rate and boost the role of private sector.
The IMF leader also pledged to keep backing Vietnam via activities of technology transfer and policy consultation, helping its economy develop sustainably.
Cam Anh
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