Visiting experts from the International Monetary Fund (IMF) affirmed their fund’s further collaboration with Vietnam in the coming time during their meeting with Nguyen Van Binh, head of the Party Central Committee’s Commission for Economic Affairs, in Hanoi on April 21.

Head of the Party Central Committee’s Commission for Economic Affairs (R) and his guest

At the reception, Binh spoke highly of the practical and efficient cooperation between Vietnam and the IMF, especially in policy consultation for banking and finance.

He briefed the guests about Vietnam’s socio-economic development directions and tasks for 2016-2020 adopted at the 12 th National Party Congress.

He also clarified the country’s challenges while highlighting its priorities on completing institutions, stabilising the macro economy, controlling the inflation rate, renovating the fiscal policy to reduce overspending and tackle public debt, developing financial markets as well as restructuring financial institutions and state-owned enterprises.

Meanwhile, John Nelmes, who led the IMF expert delegation, hailed Vietnamese economic improvements, particularly in monetary policy management, exchange rate monitoring and the shake-up of the banking system in the past year.

He added that the moves help ensure macroeconomic stability, maintain a rational growth rate and assure essential social requirements.

The IMF experts agreed with the key missions in Vietnam’s reform process, especially in renovating the fiscal policy, and revamping the banking system and enterprise restructuring.

VNA