Viet Nam among world's fastest-growing economies, with positive growth outlook: IMF

Sommer welcomed the Vietnamese Government's efforts in maintaining macroeconomic stability and accelerating growth.

He also hailed the Vietnamese Government's proactive efforts in advancing structural economic reforms, while ensuring support for the people, thereby consolidating foundations for Viet Nam's long-term growth.

Inflation risks in Viet Nam have remained well under control so far, noted the IMF official, suggesting monetary policy should be managed prudently and cautiously, with the authorities remaining vigilant and ready to make timely adjustments as the inflation increases.

The IMF stands ready to continue sharing policy recommendations with the Vietnamese Government, maintaining close contact and regular coordination with the Ministry of Finance and the State Bank of Viet Nam in macroeconomic policy management, said Sommer.

Nguyen, for his part, emphasized that the Vietnamese Government acknowledges and highly values the IMF's recommendations, particularly those concerning public sector reform, business and investment environment improvement, resource allocation, capital market development, enhancement of human resource quality, and stronger linkages among different sectors of the economy.

Viet Nam stands ready to further engage in in-depth discussions with the IMF on the policy framework, with a view to supporting the operations of credit institutions and limiting the build-up of cyclical risks./.