Governor Le Minh Hung of the State Bank of Vietnam (SBV) had a meeting with Mr. Maurice Obstfeld Chief Economist – cum - Director of Research at the International Monetary Fund (IMF) in Hanoi on December 8.
At the meeting, SBV Governor Le Minh Hung warmly welcomed Mr. Obstfeld’s working visit to Vietnam and expressed his belief that comprehensive relations between Vietnam and the IMF in the banking and finance sectors would greatly improve in the near future. He briefed his guest on Vietnam's macro-economic situation and developments in the banking sector and the key solutions implemented by the Vietnamese Government over the past five years as well as the management of monetary policy and the exchange-rate by the SBV in recent months in the context of strong fluctuations in the international economy.
The SBV Governor greatly appreciated the IMF’s support for Vietnam’s directives and policies and expressed his sincere thanks to the IMF for its training programs and policy consultancy, especially for the IMF's assessments and consultancies, thereby greatly contributing to it's success in managing monetary policy and restructuring the banking sector as well as ensuring macro-economic stability and social protection.
For his part, Mr. Obstfeld said that during his working visit to Vietnam, he would attend a seminar on priority issues as part of APEC Year 2017 to be held from December 8-9th 2016, at the invitation of the Ministry of Foreign Affairs of Vietnam. He spoke highly of the encouraging results for Vietnam’s economy and banking sector and added that the IMF would soon be actively cooperating with Vietnam.
The SBV Governor expressed his sincere thanks to Mister Maurice Obstfeld for his recommendations during the meeting and hoped that the IMF would share more of its experiences in adapting to the fluctuations of the international economy in the process of macro-economic policy-making and monetary policy management, which are essential for Vietnamese Government and the SBV. He also requested that the IMF enhance specific consultancy exercises, as well as putting forward policy recommendations with regard to the effects of international economic fluctuations.
LH