CG Meeting: WB Officials Upbeat about Vietnammâ€s Economic Growth

Vice President of the World Bank’s East Asia and Pacific Region, James Adam and the WB’s Acting Country Director Martin Rama expressed optimism about Vietnam’s economic growth in the present stage and has seen no signs of a monetary crisis.

 

James Adams affirmed that the government of Vietnam has taken reasonable measures to deal with current economic difficulties and those measures are demonstrating effectiveness despite delaying level amid high world food prices.

 

Martin Rama forecast that Vietnam’s economy will grow at least 7 per cent this year.

 

Other donors do believe that packages of measures being taken by the government of Vietnam are proving effectiveness.

 

Minister of Planning and Investment Vo Hong Phuc noted that the government is considering combating inflation as its top task.

 

Deputy Prime Minister Truong Vinh Trong emphasized at the CG Meeting held in Sapa on June 5 and 6 that the government and people are joining hands to curb inflation…and we strongly believe that Vietnam will absolutely overcome the current difficulties and challenges.

 

Meanwhile, the UNDP shared efforts by the government to curb inflation and the IMF officials noted Vietnam will remain a story of success.

 

The Informal Mid-year Consultative Groups’ Meeting held in Sapa on June 5 and 6 focused on five themes: update on Vietnam’s socioeconomic development, reports from Vietnam Business Forum, anti-corruption, climate changes, and development issues of northern Vietnam as well as effectiveness of aids. (Local sources)