Vietnam is on the right track of recovery and development after the epidemic
Prime Minister Pham Minh Chinh thanked and highly appreciated the IMF for its support in accessing vaccines, finance, and policy advice for Vietnam in COVID-19 prevention and control, the IMF’s companionship and support for the process. socio-economic development, formulation and formulation of macroeconomic policies; affirmed that Vietnam is promoting this support effectively and for the right purpose.
The Prime Minister said that thanks to effective epidemic prevention and control, Vietnam has achieved a number of achievements in the process of socio-economic recovery after the pandemic.
Currently, Vietnam is implementing a socio-economic development and recovery program with a support package worth about 4% of GDP, including 5 components: Opening the economy with investment in improving medical capacity health, disease prevention and control; ensure social security and create jobs; support the recovery of enterprises, cooperatives and business households; investment and development of infrastructure; institutional reform, administrative reform, and improvement of the business investment environment. In particular, the investment in development is both to modernize the infrastructure system to create jobs and promote growth.
The Prime Minister also asked the IMF to support the implementation of the recovery and development program; consulting, policy recommendations and technical support, human resource training; helping Vietnam effectively implement the 5-year socio-economic development plan (2021-2025) and the 10-year socio-economic development strategy (2021-2030); accompanying Vietnam in realizing the goal of becoming a developing country with modern industry, high middle income by 2030 and a developed country with high income by 2045.
In the immediate future, the Prime Minister asked the IMF to support and advise Vietnam in ensuring macroeconomic stability; develop a transparent and sustainable capital market; control inflation; develop logistics, reduce transportation fees; technological innovation, digital transformation; supply chain diversification; combat climate change; energy conversion…
The Deputy General Director of the IMF expressed his delight at the good partnership between Vietnam and the IMF; highly appreciated the efforts and solutions of the Vietnamese Government in disease control. She said that, thanks to the effective vaccination campaign, Vietnam has very good prospects for post-epidemic recovery and development, and this process is on the right track, especially with the Government’s recovery and development program.
Discuss the difficulties and challenges that countries are facing in the context of the regional and international environment full of risks and fluctuations due to the epidemic situation and conflicts that aggravate the supply chain disruption. , Deputy General Director of the IMF made a number of recommendations, affirming that Vietnam is one of good partners and that the IMF is ready to support Vietnam at the proposal of the Prime Minister.
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