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Gov’t official affirms continued efforts to stop economic decline
Vietnam will continue to focus its efforts on slowing down economic decline with cautious moves being taken in 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 remarks 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 investments in poverty reduction to ensure social welfare and achieve a GDP growth rate of 5 percent for this year.
He emphasised that despite difficulties stemming from the global economic recession, Vietnam has still drawn in a considerable sum of ODA and FDI and believed the country would achieve a GDP growth rate of 6-7 percent by 2010 on the back of stimulus solutions that are underway.
Sharing the view on the global economic situation with Deputy PM Hung, the Fitch official said 2009 is the difficult year for all countries around the world and that the global economy will not see any recovery until 2020.
He also showed interests on global economic recession impacts on Vietnam and the government’s solution packages to reduce economic decline.
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