At a meeting with Nguyen Van Binh, Politburo member and head of the Party Central Committee’s Economic Commission, in Hanoi on August 19, Painchaud lauded achievements Vietnam has recorded in stabilising the macro economy, curbing inflation and spurring economic growth.

Binh, who is also Secretary of the Party Central Committee, noted with pleasure the fruitful cooperation between Vietnam and the IMF.

Mr. Nguyen Van Binh (R) and Mr. Francois Painchaud

The Vietnamese Party and State leaders always treasure the IMF’s consultancy in policy making and economic restructuring, he said.

The Party official suggested Painchaud promote collaboration and closely coordinate with relevant Vietnamese agencies, especially in policy consultancy, technical assistance and capacity improvement.

* The same day, Binh hosted a reception for Chang-Hee Lee, Country Director of the International Labour Organisation (ILO) Vietnam.

Congratulating ILO on its 100th founding anniversary, Binh lauded its support for Vietnam in labour and sustainable socio-economic development via building relevant laws.

Mr. Nguyen Van Binh (R) welcomes Mr. Chang-Hee Lee

He asked ILO to continue assisting Vietnam in fine-tuning labour laws in accordance with international standards, building workforce amid digital era, developing labour market and training new skills.

Vietnam is ready to join international conventions, including labour conventions in the process of global economic integration, he said.

Lee, for his part, affirmed that ILO will continue helping Vietnam with labour legislation, employment, social welfare while building strategies to address climate change challenges and develop green jobs, upgrade socio-economic conditions to lift Vietnam out of middle-income trap.

Source: VNA