On the afternoon of September 4, on the occasion of attending the 43rd ASEAN Summit and related conferences in Jakarta, Indonesia, Prime Minister Pham Minh Chinh received Managing Director of the International Monetary Fund Kristalina Georgieva, according to VNA.
At the meeting, Ms. Kristanila Georgieva emphasized that the positive growth of ASEAN's economy in general and Vietnam's economy in particular has made important contributions to promoting sustainable growth of the world economy in recent times.
Prime Minister Pham Minh Chinh thanked the IMF and its Managing Director personally for actively supporting Vietnam in consulting and policy making, helping to stabilize the macro-economy and finance-monetary, and economic recovery.
The Prime Minister highly appreciated the role of the IMF in promoting economic recovery after the pandemic and proposed major directions to resolve difficulties and challenges, and affirmed his readiness to work with the IMF to implement an agenda focusing on three pillars: stabilizing the macro economy, supporting vulnerable countries and promoting growth.
Regarding the world economic situation in the coming time, Ms. Georgieva assessed that there are still many difficulties, uncertainties, high inflation, high interest rates, growth is expected to continue to decline and Vietnam itself is also suffering negative impacts from this situation.
Sharing this opinion, Prime Minister Pham Minh Chinh said that the world economy is being strongly and deeply affected by many factors, including the long-term impacts of the COVID-19 pandemic, the conflict in Ukraine, the tightening monetary policies of many world economies, the decline in aggregate supply and demand, stagnant production and business, affecting the lives of all classes of people.
Prime Minister Pham Minh Chinh emphasized that in the context of complex global economic developments with many potential risks, Vietnam is and will continue to implement the above-mentioned groups of solutions to achieve the goals of maintaining macroeconomic stability, controlling inflation, maintaining growth momentum, ensuring major economic balances, and controlling public debt.
Implement flexible and effective monetary policy; focus on key fiscal policies; promote both domestic and foreign investment, especially investment from the state sector. Vietnam will also coordinate and call on major economic centers, including ASEAN, to join hands in implementing the above solutions.
The IMF Managing Director shared that in the coming time, the IMF will continue to have solutions to help member economies increase their resilience to future shocks. Given the current trend of fragmentation of the world economy, it is hoped that ASEAN in general and Vietnam in particular, based on the economic growth achievements achieved through the open-door policy and international economic integration, will promote the role of connecting economies and have a stronger voice in promoting global cooperation.
Prime Minister Pham Minh Chinh affirmed that Vietnam is ready to join hands with the IMF to implement measures to promote economic recovery; at the same time, he hopes that the IMF will continue to help Vietnam with consulting, policy planning and technical assistance so that Vietnam can achieve its development goals in the coming time.
On this occasion, Prime Minister Pham Minh Chinh respectfully invited CEO Kristalina Georgieva to visit Vietnam soon and Ms. Kristalina Georgieva happily accepted the invitation.
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