The International Monetary Fund (IMF) has pledged ongoing support to Vietnam’s government and central bank in macroeconomic policymaking and capacity building to achieve sustainable growth targets, local media reported.
Mr. Paulo Medas, Head of the IMF’s Article IV Mission to Vietnam, made the affirmation during a November 22 meeting with Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong.
The IMF official praised Vietnam’s economic achievements amid global challenges but cautioned against risks such as trade protectionism and financial market instability. He recommended enhancing monetary policy, strengthening the banking system, and improving labor productivity.
Mr. Medas also advised Vietnam to monitor global developments, control inflation, modernize monetary policy, strengthen the banking system, and improve labor productivity.
For her part, Governor Hong expressed gratitude towards the IMF’s evaluations and policy advice for 2024 and beyond, emphasizing Vietnam’s focus on addressing aging demographics, climate change, and long-term sustainability. Ministries are working together to mobilize resources and create effective frameworks.
In the banking sector, she mentioned the growing number of credit institutions participating in green financing, renewable energy, and clean energy. Risk assessments for environmental impact in credit activities have also been improving. (Thi Truong Tai Chinh Tien Te, SBV, Tap Chi Ngan Hang)