IMF willing to support Vietnam to achieve higher average income
The International Monetary Fund (IMF) hopes it would support Vietnam to become a country with higher average income and even high income in the next decade, said Changyong Rhee, Director of the IMF’s Asia and Pacific Department.
Changyong Rhee, Director of the IMF’s Asia and Pacific Department grants an interview with the Vietnam News Agency correspondent in Washington D.C. (Photo: VNA)
Washington D.C. (VNA) – The International Monetary Fund (IMF)hopes it would support Vietnam to become a country with higher average incomeand even high income in the next decade, said Changyong Rhee, Director of theIMF’s Asia and Pacific Department.
In an interview with the Vietnam News Agency correspondent in WashingtonD.C., the US, Rhee noted that partnership between Vietnam and the IMF has beengrowing in all fields, stressing that Vietnam is an important member of theIMF.
Since Vietnam joined the fund in 1956, especially after the countryimplemented the “doi moi” (reform) cause, entered the WTO, and became moreintegrated into the world, the partnership has been fostered through the IMF’spolicy consultations for Vietnam.
The ties have been strengthened through visits of IMF Director-GeneralChristine Lagarde to Vietnam in 2016 and 2017, he noted.
It has been formed through two channels – policy consultations (viaArticle IV Consultations) and the provision of activities to help Vietnamimprove its capacity, and personnel training, said Rhee.
He said that the IMF has considered the good economic performance ofVietnam as well as the similarities between policy evaluations of IMF andVietnam, and decided to apply the Lapse of Time (LOT) mechanism, which is seenas its recognition of Vietnam’s good economic efficiency in the past year.
Though the IMF predicted a growth rate of 6.6 percent for Vietnam in2018, the country showed better performance in the first quarter of this year,he noted.
He showed his delight at the result as despite the strong growth,Vietnam’s inflation was kept in a relatively low level.
The results were attributed to some internal factors, such as theimprovement in economic management policies and efforts in reformingState-owned enterprise governance and equitisation, apart from external ones, saidRhee.
The Vietnamese economy has made positive and good growths, according tothe official. -VNA
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Changyong Rhee, Director of the IMF’s Asia and Pacific Department grants an interview with the Vietnam News Agency correspondent in Washington D.C. (Photo: VNA) 
