Imf

Vietnam stands ready to collaborate with the IMF to maintain macroeconomic stability, aid vulnerable countries in trade, and promote economic growth. The robust economic expansion within the ASEAN region and, specifically, Vietnam's economy , has played a pivotal role in fostering the sustainable growth of the global economy in recent years. Prime Minister Pham Minh Chinh and IMF Managing Director Kristalina Georgieva. Photos: Nhat Bac IMF Managing Director Kristalina Georgieva underscored this view during a meeting with Prime Minister Pham Minh Chinh on September 4 in Jakarta, Indonesia, where both are attending the 43rd ASEAN Summit. At the meeting, Prime Minister Chinh thanked the IMF and the Managing Director for their active support in advising and shaping policies, which has significantly contributed to stabilizing Vietnam's macroeconomic currency and finance situation and fostering economic recovery. He commended the IMF's role in … [Read more...] about Vietnam plays significant role in advancing sustainable global economic growth: IMF

The statement, released ahead of a G20 leaders summit in India this week, said the two institutions can help address mounting challenges facing the global economy - from increasing climate disasters to slowing growth and geopolitical fragmentation - by working together. "The Bretton Woods institutions, with their universal membership and specialist expertise, are well-placed to make a critical contribution to help countries tackle these challenges," IMF Managing Director Kristalina Georgieva and World Bank President Ajay Banga said in the joint statement. The IMF and World Bank were established in 1944 at a meeting in Bretton Woods, New Hampshire. Banga is scheduled to attend his first G20 summit after starting as the World Bank's new president in June, with a mandate to expand the lender's resources to help tackle climate change, pandemics, fragility and other global crises alongside its traditional anti-poverty mission. U.S. President Joe Biden at the G20 summit intends to … [Read more...] about IMF, World Bank to step up cooperation on climate, debt, digital transition

Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai (R) receives IMF Resident Representative in Vietnam Jochen Schmittmann (Photo: VNA) HCM City (VNA) – Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai on September 14 proposed the International Monetary Fund (IMF) help the city define orientations for economic restructuring, climate change response activities, and green economic development trends. Receiving IMF Resident Representative in Vietnam Jochen Schmittmann who comes to attend the HCM City Economic Forum 2023, Mai expressed his hope that the fund will choose the city as a model locality in the process of implementing cooperation between the fund and Vietnam. He also suggested the IMF support the city in connecting with experts to learn from experience in building legal frameworks and action programmes for calculating carbon credits and reducing net emissions. Thanking HCM City for inviting him to attend the forum, Jochen … [Read more...] about HCM City, IMF collaborate in green economic development

Georgieva highlighted the Association of Southeast Asian Nations (ASEAN)’s and Vietnam’s positive economic growth, which, she said, has significantly contributed to spurring the sustainable growth of the global economy. For his part, Pham Minh Chinh thanked the IMF and the Managing Director for their support to Vietnam in consultancy and policy making, helping the country stabilize the macro-economy and finance-monetary sector, and recover the national economy. Lauding the fund’s role in promoting economic recovery after the COVID-19 pandemic and setting forth major orientations to remove difficulties and challenges, the PM said Vietnam stays ready to work together with the IMF to implement the agenda, focusing on the three pillars of stabilizing the macro economy, supporting vulnerable countries and spurring growth. Regarding the global economic situation, Georgieva pointed to a range of difficulties and challenges, which have also affected Vietnam. The Prime Minister also … [Read more...] about Prime Minister meets with IMF Managing Director in Indonesia

Prime Minister Pham Minh Chinh (right) and Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva. (Photo: VNA) Jakarta (VNA) – Prime Minister Pham Minh Chinh met with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva on the sidelines of the 43rd ASEAN Summit and Related Meetings in Jakarta, Indonesia, on September 4. Georgieva highlighted the Association of Southeast Asian Nations (ASEAN)’s and Vietnam’s positive economic growth, which, she said, has significantly contributed to spurring the sustainable growth of the global economy. For his part, Chinh thanked the IMF and the Managing Director for their support to Vietnam in consultancy and policy making, helping the country stabilise the macro-economy and finance-monetary sector, and recover the national economy. Lauding the fund’s role in promoting economic recovery after the COVID-19 pandemic and setting forth major orientations to remove difficulties and … [Read more...] about PM meets with IMF Managing Director in Indonesia

Vietnamese Ambassador to Papua New Guinea Nguyen Tat Thanh (R) meets with Papua New Guinea's Acting Prime Minister John Rosso. (Photo: VNA) Sydney (VNA) – Vietnamese Ambassador to Papua New Guinea Nguyen Tat Thanh presented President Vo Van Thuong's credentials to Governor-General Bob Dadae in the city capital of Port Moresby on August 24. Receiving Thanh, Dadae expressed his deep admiration for President Ho Chi Minh and Vietnam's outstanding socio-economic development achievements over the past decades. He affirmed that Papua New Guinea highly appreciated Vietnam’s foreign policy as well as its role and position in the Indo-Pacific region and the international arena. The Governor-General expressed his wish that the two countries will upgrade their relations, and focus on economic cooperation and climate change response. He suggested the two governments exchange experiences in building an independent and self-reliant economy and international integration. The … [Read more...] about Papua New Guinea wants to upgrade relations with Vietnam: Governor-General

Receiving Thanh, Dadae expressed his deep admiration for President Ho Chi Minh and Vietnam's outstanding socio-economic development achievements over the past decades. He affirmed that Papua New Guinea highly appreciated Vietnam’s foreign policy as well as its role and position in the Indo-Pacific region and the international arena. The Governor-General expressed his wish that the two countries will upgrade their relations, and focus on economic cooperation and climate change response. He suggested the two governments exchange experiences in building an independent and self-reliant economy and international integration. The Governor-General also expressed his wish to visit Vietnam when the two countries celebrate the 35th anniversary of the establishment of their diplomatic relations in 2024. On this occasion, Thanh paid courtesy visits on some leaders of Papua New Guinea. Meeting with Thanh, Acting Prime Minister John Rosso emphasized that the Government of Papua New Guinea … [Read more...] about Papua New Guinea hopes to upgrade relations with Vietnam

A high-ranking delegation of Vietnam led by Prime Minister Pham Minh Chinh arrived in Indonesia on Monday morning to attend the 43rd ASEAN Summit and related meetings from Tuesday to Thursday at the invitation of Indonesian President Joko Widodo. The plane carrying the Vietnamese PM and his entourage touched down at Soekarno-Hatta International Airport in Jakarta at 10:30 am (local time). The delegation was welcomed at the airport by Indonesian Minister of Tourism and Creative Economy Sandiaga Uno, and other Indonesian and Vietnamese officials. Later in the day, Prime Minister Chinh is scheduled to deliver a speech at the 2023 ASEAN Business and Investment Summit (ASEAN BIS). The prime minister is set to meet with Kristalina Georgieva, managing director of the International Monetary Fund (IMF), and engage in discussions with President Widodo. Vietnamese Prime Minister Pham Minh Chinh (L) shakes hands with Vietnamese officials working in Indonesia upon his arrival … [Read more...] about Vietnamese PM arrives in Jakarta for ASEAN Summit

Hanoi (VNA) - The following is a list of selected news summaries reported yesterday by the Vietnam News Agency . - Vietnamese Prime Minister Pham Minh Chinh met with Indonesian President Joko Widodo in Jakarta on September 4 on the sidelines of the 43rd ASEAN Summit and Related Meetings. Vietnamese Prime Minister Pham Minh Chinh (left) and Indonesian President Joko Widodo. (Photo: VNA) Both leaders spoke highly of the positive development in the strategic partnership between Vietnam and Indonesian since their meeting in Labuan Bajo in May. Read full story Vietnamese Prime Minister Pham Minh Chinh speaks at the ASEAN Business and Investment Summit in Jakarta, Indonesia, on September 4. (Photo: VNA) Addressing the forum, themed “ASEAN Centrality: Innovating Towards Greater Inclusivity,” the Vietnamese leader said the bloc boasts an open and extensive economic landscape with a network of eight Free Trade Agreements (FTAs), including the ASEAN Free Trade … [Read more...] about ☀️ Morning digest September 5

SBV Deputy Governor Pham Thanh Ha speaks at the forum. (Photo: VietnamPlus) Hanoi (VNA) - Experts said that the national economy is facing challenges in various fields, hence Vietnam needs to soon develop macro-economic scenarios to prevent things from getting worse. At the 2023 Vietnam Banking Forum on May 10, participating experts noted that economic difficulties are on the shoulders of the banking industry as it has to stabilise the macro-economy, control inflation, and support economic growth and businesses. The banking system is the main source of capital for the whole economy as the country’s capital market is still inadequate. Vietnam's credit-to- GDP ratio is currently at a very high level. If Vietnam continues to maintain credit growth at a high level as in previous years, it will be very risky for the country’s banking system and the whole economy. Commercial banks have to take full responsibility and make their own decisions on debt restructuring. … [Read more...] about Macroeconomy requires exclusive scenario: forum