Prime Minister Pham Minh Chinh praised Vietnam and the IMF's productive partnership.

DNHN - Prime Minister Pham Minh Chinh received the Article IV Consultation Delegation of the International Monetary Fund (IMF) led by Mr. Sanjaya Panth, Deputy Director General of the IMF's Asia-Pacific Department as Team Leader on the afternoon of June 29

Recently, at the World Economic Forum (WEF) in Tianjin, China, Prime Minister Pham Minh Chinh discussed the challenges facing the global economy. He emphasized that, to address these challenges, it is crucial to strengthen global cooperation and solidarity, as well as to end conflicts and promote growth drivers like investment, exports, and consumption.

In the same vein, Prime Minister Pham Minh Chinh emphasized the need for international organizations and international financial institutions, such as the IMF, to participate in promoting production, business, and trade, as well as investment. This will generate market capital flows and products, while simultaneously necessitating a capital flow prioritization policy. Additionally, the Prime Minister suggested that suitable solutions are required to increase aggregate supply and aggregate demand.

Vietnam has achieved significant and all-encompassing results in a variety of fields despite global challenges. The macroeconomy is stable, inflation is under control, and the economy is regaining momentum. The economy's major balances are secure, particularly public debt, government debt, and overspending, for which there is still ample room.

In a discussion with Prime Minister Pham Minh Chinh, members of the Article IV consultation team expressed their satisfaction with the results of effective cooperation with Vietnam and congratulated the country on its many legal accomplishments. socioeconomic growth, particularly after the Covid-19 pandemic.

In response to Prime Minister Pham Minh Chinh's inquiry about the assessment of the global economic situation, members of the IMF's Article IV Advisory Delegation described the current global economic situation and ongoing challenges, such as the uncertainty caused by the Covid-19 epidemic, trade tensions, and slow global growth. They also acknowledged Vietnam's progress in ensuring economic and financial stability, enhancing financial management, and promoting economic expansion. economic resilience.

Prime Minister Pham Minh Chinh concluded the meeting and congratulated the members of the Article IV Advisory Delegation of the International Monetary Fund for a productive time in Vietnam. In addition, he emphasized that he would absorb and implement the IMF's evaluation and recommendations for effective and sustainable socioeconomic development.

PV