Vietnam will continue to focus its efforts on slowing down economic decline with cautious steps towards executing the monetary policy and managing the macro-economy towards the end of the year, said a senior government official.
Deputy Prime Minister Nguyen Sinh Hung made the remark at his meeting with the Managing Director of Fitch Ratings Ltd, James McCormak, in Hanoi on April 8.
The Deputy PM also told his guest that the country is focusing on developing infrastructure and agriculture and increasing investment in poverty reduction to ensure social welfare and achieve a GDP growth rate of 5 percent for this year.
He emphasised that despite difficulties arising from the global economic recession, Vietnam has still drawn in a considerable amount of ODA and FDI and believed the country will achieve a GDP growth rate of 6-7 percent by 2010 thanks to stimulus solutions.
Sharing the view on the global economic situation with Deputy PM Hung, the Fitch official said 2009 is a difficult year for all countries around the world and that the global economy will not see any significant recovery before 2020.
He also showed interests in the Vietnamese government’s solution packages to reduce economic downturn.
The Deputy PM also told his guest that the country is focusing on developing infrastructure and agriculture and increasing investment in poverty reduction to ensure social welfare and achieve a GDP growth rate of 5 percent for this year.
He emphasised that despite difficulties arising from the global economic recession, Vietnam has still drawn in a considerable amount of ODA and FDI and believed the country will achieve a GDP growth rate of 6-7 percent by 2010 thanks to stimulus solutions.
Sharing the view on the global economic situation with Deputy PM Hung, the Fitch official said 2009 is a difficult year for all countries around the world and that the global economy will not see any significant recovery before 2020.
He also showed interests in the Vietnamese government’s solution packages to reduce economic downturn.
VOVNews/VNA
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