(MPI) - Deputy Minister of Planning and Investment Tran Quoc Phuong hosted a reception in Hanoi on June 19 for a delegation from the International Monetary Fund (IMF)’s Article IV Mission led by Paulo Medas, Mission chief.

At the working session. Photo: MPI

Deputy Minister Phuong stated that Vietnam’s macroeconomic stability continues to be maintained with major balances ensured. This is a crucial foundation to achieve the expected growth targets, with Vietnam aiming for a growth rate of 6-6.5% in 2024; Achieving the 2024 target also provides significant momentum for realising the objectives set out in the socio-economic development plan and strategy, moving towards the goal of becoming a developed country with modern industry and high income.

Regarding fiscal and monetary policies, the deputy minister noted that the Vietnamese Government is harmoniously and synchronously combining both policies. The country is also studying solutions to provide credit to the economy. There is still room for fiscal policy implementation, focusing on accelerating the disbursement of public investment capital.

Addressing the impacts on foreign investment attraction in Vietnam, Deputy Minister Phuong highlighted that despite global difficulties and fluctuations, Vietnam's foreign investment attraction has remained strong in recent months. This reflects the sustained confidence of investors in Vietnam, with many viewing the country as an attractive destination with significant potential and opportunities in the medium and long term.

He also shared information on Vietnam's efforts towards green growth and climate change objectives, and emphasised that Vietnam's needs in achieving these goals are substantial, and thus the country looks forward to receiving attention and support from partners and investors.

Paulo, for his part, expressed his gratitude to Deputy Minister Phuong for taking the time to meet with the delegation and for the open exchanges. He was impressed by Vietnam's achievements, particularly in attracting foreign investment and exports despite the challenging global and regional conditions.

Paulo also commended Vietnam’s reforms, emphasising factors affecting the economy such as demographic structure, climate change, institutional reforms, improvements in the business investment environment, development of the capital market, corporate bond market, real estate market, anti-corruption efforts, and state governance. He affirmed that the issues discussed will be researched and incorporated into the Mission’s report./.

Bao Linh

Ministry of Planning and Investment