Governor of Vietnam Central Bank Meets U.S. Ambassador, IMF Official
Governor of the State Bank of Vietnam, Nguyen Van Giau on May 14 had meetings with Benedict Binghamd, Resident Representative of IMF and the U.S. Ambassador Micheal Michalack to discuss measures to stabilize Vietnam’s macroeconomy, the central bank said on its Website.
Giau noted that the government of Vietnam’s top task is to curb inflation and to stabilize macroeconomy in the complicated world and regional situation.
Ambassador Micheal Michalak expressed his belief that the government will solve soaring inflation and confirmed that the U.S. will continue provide detailed supports for Vietnam in the coming time.
Benedict Bingham and Micheal Michalak did not disclose further.
Due to economic difficulties, the government of Vietnam proposed cutting the set GDP growth rate to 7 per cent from 8.5 per cent-9 per cent to the National Assembly’s ongoing working session.
The government think tank, the Central Institute for Economic Management (CIEM) put three economic scenarios for Vietnam, highlighting the worst: Vietnam’s economy will grow 6.6 per cent-6.7 per cent with inflation to soar 22.3 per cent this year.
Vietnam’s inflation soared 21.3 per cent in April this year from a year earlier. (SBV)
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