Minister Ho Duc Phoc works with delegation from IMF

	Minister Ho Duc Phoc: Advising on solutions to maintain macroeconomic stability is a very important task
	Mobilizing resources for socio-economic recovery and development in 2022
	Minister Ho Duc Phoc: The finance sector is proactive and creative, making efforts to fulfill the "dual task"

The working session between Minister of Ho Duc Phoc and the IMF’s delegation.

At the working session, Minister of Finance Ho Duc Phoc welcomed Ms. Era Dabla - Norris and appreciates the support of the IMF for the Finance sector in consulting the Party, National Assembly and Government in socio-economic development, which has achieved positive results in recent years.

The Minister highly appreciated IMF’s experts for providing technical support to the ministry in perfecting policies and managing macro-financial finance.

Assessing the contents in the report in the working session with the IMF’s Article IV 2022 and the Memorandum of Understanding between the two sides, Minister Ho Duc Phoc said that the IMF’s policy recommendations play a key role in improving financial and monetary policies as well as stock and insurance markets, which are key matters for the ministry.

Minister of Finance welcome Ms. Era Dabla – Norris and the IMF’s delegation.

Speaking at the meeting, Ms. Era Dabla-Norris thanked the ministry for providing information and exchanging technology for the delegation to better understand Vietnam’s fiscal policy, thereby making recommendations on fiscal policy in line with the reality of Vietnam.

Ms. Era Dabla-Norris also congratulated the Vietnam Government and the Ministry of Finance for maintaining safe and stable public finance. She appreciated Vietnam for implementing the Covid-19 vaccination program quickly and effectively, thereby helping the country to open up and recover its economy.

Appreciating the Vietnam Government for launching the program of socio-economic recovery and development through fiscal support packages to assist people and the business community affected by the public health crisis, she said that the IMF forecasts Vietnam's economic growth in 2022 at about 6% of GDP.

The Minister said that assessments of IMF’s experts on Vietnam's macroeconomic and financial situation in 2021-2022 and recommendations to improve the legal framework and macroeconomic policy management in the near future are consistent with the actual situation.

The Ministry of Finance will continue to study the IMF’s recommendations to effectively administer macro-financial policies and restore a stable economy.

The Minister suggested that the IMF will continue to provide technical consultancy to reform public financial management and enhance the qualifications of the ministry’s officers, especially sharing good practices in tax administration, tax policy, artificial intelligence application tools, and big data in tax administration.

The two sides also agreed to exchange experiences in financial market management, including the corporate bond market.