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.
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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.
