Prime Minister receives IMF Managing Director and Hong Kong chief

PM Phuc welcomed the IMF director’s attendance and ideas to meetings of the week, and spoke highly of IMF’s supervision, evaluation, and consultancy for Vietnam in macro-economic aspects, technical assistance, and human resource training.

Vietnam will continue its efforts to stabilize the macro-economy, improve the investment climate, build a constructive government to serve enterprises and people, better market economy institutions, restructure the economy and renovate the growth model, he said.

PM Phuc suggested IMF continue advising the Government of Vietnam on running the macro-economy, completing financial-monetary tools and restructuring the finance-banking sector.

The government leader also called on IMF to increase its technical assistance in the fields of Vietnam’s needs and enhance the capability of Vietnamese economic, finance and banking managers.

For her part, Lagarde said besides financial assistance, IFM is considering the possibility of providing more technical and training assistance for Vietnam.

While affirming her support for the Vietnamese Government’s priorities in reducing social inequality and enhancing climate change adaptation, she suggested Vietnam improve labor productivity and competitiveness of the economy and promote women empowerment in economic development.

During a reception in Da Nang on November 10 for Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-Ngor, PM Phuc described the Hong Kong Special Administrative Region as one of the top important economic-trade, investment and tourism partners of Vietnam and lauded the Hong Kong economy’s active contributions to the success of the APEC Year 2017 in Vietnam and wished that during her tenure, Hong Kong’s position as the ninth largest trade partner and the sixth largest foreign direct investment partner of Vietnam will be lifted.

In order to boost mutually-beneficial ties, the PM suggested the administration of the Hong Kong Special Administrative Region encourage capable firms to expand operations in Vietnam, especially in transport, infrastructure, electronic components, and supporting and processing industries on the basis of ensuring environmental protection, sustainable development as well as further step up collaboration in the fields of finance-banking, securities.

He hoped that Hong Kong (China) will create more favorable conditions for Vietnamese guest workers and increase the import of goods from Vietnam, such as agro-forestry-aquatic products, apparel and footwear.

PM Phuc also urged Hong Kong to support Vietnamese firms to partake in trade, investment and tourism promotion activities in Hong Kong and expanding cooperation in culture, education, labor and tourism.

Carrie Lam spoke highly of Vietnam’s preparations for the APEC Year 2017, affirming that authorities of the Hong Kong Special Administrative Region appreciates mutually-beneficial ties with Vietnam, particularly in economy, trade, investment, culture, education and tourism.

Source: VNA