Vietnam remains a bright spot in the region in terms of economic growth and stability, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), said at a meeting with Vietnamese State President Nguyen Xuan Phuc in Bangkok, Thailand on Saturday.

At the meetup on the sidelines of the 29th Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting, State President Phuc lauded the cooperation between Vietnam and the IMF over the past many years, especially the IMF’s consulting over Vietnam’s macro-economic management, economic restructuring, and growth model reform, according to the Ministry of Foreign Affairs.

The Vietnamese state leader added that amid global volatility, rising global inflation, the slowdown of the economies of many countries and the region, as well as difficulties in ensuring food and energy security, Vietnam, the IMF, and other nations need to strengthen the collaboration and coordination of policies to effectively deal with such issues.

Georgieva spoke highly of Vietnam’s economic growth, saying that the Southeast Asian country had an open and dynamic economy that has been resilient through the COVID-19 pandemic.

The further enhancement of its economic structure reform and the shift to a green, clean, and sustainable growth model with a focus on renewable energy and the digital economy will create new driving forces for Vietnam.

The IMF managing director expected Vietnam to continue contributing to the global agenda for transforming growth models and ensuring supply chains.

She accepted State President Phuc’s invitation to visit Vietnam next year and pledged to continue supporting and providing advice for the country on economic management and growth model renovation.

On the same day, State President Phuc and his entourage left Bangkok for Vietnam, concluding his official visit to Thailand and activities at the 29th APEC Economic Leaders’ Meeting.

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