IMF: Vietnam’s macroeconomics on right track

Vietnam’s macroeconomics is on the right track, said Alfred Schipke, head of an International Monetary Fund team reviewing macroeconomic and structural policies.

Vietnam’s macroeconomics is on the right track, said Alfred Schipke, head of an International Monetary Fund (IMF) team reviewing macroeconomic and structural policies.

Deputy PM Vu Van Ninh and head of an IMF team reviewing macroeconomic and structural policies Alfred Schipke

Inflation has fallen, economic growth is at a reasonable rate and foreign currency reserves have increased, said Schipke at a meeting with Deputy Prime Minister Vu Van Ninh in Hanoi on April 23 during his visit to Vietnam.

The IMF is willing to further strengthen cooperation with Vietnam, especially in providing technical assistance and sharing experiences, the guest stressed.

Ninh expressed his gratitude for the IMF’s past support and assistance to Vietnam.

Briefing the IMF official on Vietnam’s macroeconomic situation, Ninh said the Vietnamese Government will continue its efforts to curb inflation, stabilise macroeconomics and step up economic restructuring.

Ninh stressed the Vietnamese side will seriously consider the IMF’s recommendations relating to the country’s macroeconomics and economic restructure.