The Vietnamese Government has no plan to seek a bailout from the
International Monetary Fund or ASEAN+3 to deal with domestic economic problems,
affirmed Prime Minister Nguyen Tan Dung at a recent interview with Viet Nam
News Agency’s reporter.
He said that since the beginning
of 2012, Viet Nam’s macro-economy has been improving. The inflation rate in the
first eight months was kept at 2.86 percent and the whole-year figure is
forecast to reach 6 percent. The country’s current account surplus stood at
over US$6 billion, foreign currency reserve doubled, foreign currency market
and exchange rate stabilized, export increased nearly 20 percent while trade
deficit was equal to 1 percetn of the total export value. The GDP expanded in
successive quarters and is expected to grow 5.5 percent this year.
The restructuring of the economy
in general and banking sector in particular has brought back initial positive
signals. These above achievements and policy orientations were welcomed by the
market and praised by the international community.
The Vietnamese Government will
continue maintaining close coordination within the framework of the
International Monetary Fund and ASEAN+3, even in periodical macro-economic
supervision activities.
Under the Chiang Mai Initiative’s
Multi-lateralization (CMIM) agreement, all member countries, including Viet
Nam, have the right to access to this financial source when they need urgent
assistance to overcome difficulties in balance of payment and foreign currency
liquidity in the short term with an aim to stabilizing macro-economy and
foreign currency market.
VGP
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