Topic: IMF

The country predicted to become the 33rd largest economy globally.

It is higher than forecasts for other countries in the region.

The IMF leader praised Vietnam and ASEAN as bright spots in the global economy.

Asia will contribute six economies to the top 20 and Sub-Saharan Africa ten, IMF forecasts.

Growth forecast at 4.7% as exports rebound and policies offer support, with IMF wrapping up official consultation.

On October 3, while receiving Ms. Era Dabla-Norris, Division Chief in the International Monetary Fund (IMF)’s Asia and Pacific Department, who is visiting Vietnam, Prime Minister Pham Minh Chinh proposed that the IMF actively support Vietnam in developing its green economy as well as energy transformation, renewable energy development, and digital transformation. Ms. Dabla-Norris expressed her appreciation of Vietnam’s monetary and fiscal policies and expressed confidence in a positive outlook for Vietnam’s economy despite the external shocks.

At a meeting with the Vietnam Blockchain Association (VBA), Mr. Jean Portier from the International Monetary Fund (IMF) said it is necessary for each country to have a legal framework for digital assets, even if it doesn't allow such assets. Vietnam needs to quickly complete a legal framework and issue codes of conduct to further develop blockchain.

The International Monetary Fund (IMF) has forecast that Vietnam’s GDP growth in 2022 will reach 6 per cent and 7.2 per cent in 2023. While assessing that Vietnam’s economy is recovering strongly, the IMF also recommended that it gradually and cautiously adjust fiscal policy and monetary policy to ease inflation risks.

Analysts have warned of rising inflation risks both globally and domestically and what Vietnam can do to limit the impact.