The International Monetary Fund (IMF) wishes to work with Vietnam in its strongest fields, and pledges to provide addition technical assistance to help the country reach macro-economic stability.

President Truong Tan Sang (R) and IMF Managing Director Christine Lagarde

At her meeting with President Truong Tan Sang in Hanoi on March 16, IMF Managing Director Christine Lagarde said that along with support from international organisations, including the IMF, the sound development policy and internal strength of Vietnam are decisive factors for the country’s achievements in poverty reduction, curbing inflation and primary education universalisation.

She also appreciated Vietnam’s development strategy towards quality and sustainability.

Speaking of the IMF’s assistance, particularly in preferential loans and policy consultation, President Truong Tan Sang also thanked the fund’s useful assessment of the country’s economic development.

With an expected GDP growth target of around 6 percent, Vietnam will attach importance to the quality of growth, focus on bank and enterprise restructuring, developing the private sector, attracting more foreign investment, and reforming the agricultural economy.

Therefore, the country hopes to receive further IMF recommendations and assistance to help it find more preferential loans and serve its sustainable economic growth, he said.

Source: VNA