Vietnam’s recent
resolution to stabilise its macroeconomy showed the government’s determination
to control the economy in the current situation, said an IMF official.

Photo: Vietnam+

Senior Resident Representative of
the International Monetary Fund in Vietnam Benedict Bingham told
Minister-Chairman of the Government Office Nguyen Xuan Phuc at a reception for a
visiting IMF mission in Hanoi on March 23.

He also said that the mission’s trip
was to evaluate Vietnam’s economy in 2011, following IMF regulations.

He said that IMF supports the plan
and measures under the Vietnamese Government’s Resolution 11/NQ-CP issued on
February 23, 2011.

The official submitted the mission’s
recommendations on monetary, foreign exchange and fiscal policies, emphasising
the importance of keeping the financial sector stable as it needs a series of
macro preventive and monitoring measures.

Minister Phuc briefed the guests on
the government’s efforts in implementing synchronous measures to control
inflation and raise the efficiency of public investment.

Speaking highly of the IMF and the
mission’s recommendations, the Vietnamese official expressed his wish to closely
coordinate with the IMF in the future.

He affirmed the government’s
determination to reach the goals set in Resolution 11 sustainably in the long
term.

The Minister said the Vietnamese
Government is launching a programme to appraise the stability of the financial
sector and will soon release an official letter asking IMF and the World Bank to
assist.

He also asked the IMF to provide
technical assistance and training to raise Vietnamese governmental agencies’
capacity for research, analysis and formulation of macroeconomic policies.

VNN/VNA/VOV