Workshop on "Modernizing the Monetary Framework"

Attending the workshop were SBV Deputy Governor Nguyen Thi Hong, together with representatives of the SBV departments and several relevant government ministries/agencies. On the IMF side, there were Dr. Markus Rodlauer - Deputy Director of the IMF's Asia and Pacific Department (APD), Mr. Jonathan Dunn – IMF Regional Resident Representative to the Lao PDR and Vietnam, and other representatives of the international organizations.

Overview of the workshop

In her opening speech, Deputy Governor Nguyen Thi Hong stated that in recent years, the SBV's monetary policy management has achieved certain successes in stabilizing the macro-economy and socio-economic development of the country.

During the recent 10 years, Vietnam has been integrating more deeply into the global economy. The integration process has brought many opportunities, but also posed many challenges to the economy and the macro policy management of Vietnam, especially in the periods of world economic fluctuations, requiring the monetary policy framework to be modernized. With that request, the State Bank of Vietnam (SBV) and the International Monetary Fund (IMF) co-organized the international workshop on "Modernizing the Monetary Framework".

At the workshop, the speakers, who are senior officials of the IMF and the central banks, presented their international experience and lessons learnt to enhance the policy effectiveness, discussed and shared issues in the modernization process of the monetary policy framework…

The workshop was an opportunity for national and international experts and managers to exchange and share experience in developing the monetary policies in the context of economic integration and development. From the discussions and exchanges among the international and national experts at the workshop, there was a lot of useful and practical information.

VA