IMF positive about Vietnam’s macro-economy

IMF positive about Vietnam’s macro-economy - ảnh 1

(VOVworld)- The International Monetary Fund (IMF) has made positive assessments of Vietnam’s macroeconomic situation and the recent management of the State Bank of Vietnam (SBV). A press release, posted after IMF concluded its annual consultation mission to Vietnam in late April, said that Vietnam’s macro-economy has shown signs of recovery thanks mainly to strong exports. It pointed out that Vietnam’s inflation fell from double digits last March to about 7 percent this March, and calm has returned to the financial market through the SBV’s efforts to provide liquidity and the merger of several small, weak banks. The achievements gained during the macroeconomic and financial market stabilisation that occurred in 2012 helped to improve the credibility of the SBV with market participants. The fund advised the Vietnamese Government to accelerate reforms in the banking and State-owned enterprises sectors. It said the recent stabilisation gains need to be consolidated through appropriate macroeconomic policies to further bolster international reserves.

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