VINACHEM

Viet Nam’s public debts may reduce to the 45% level in the future as set by the Government in the Strategy on Public Debts and National Foreign Debts in the 2011-2020 period and with a vision to 2030, according to the International Monetary Fund (IMF).

According to the updated report on Viet Nam’s economic situations, the IMF revealed that the economic situation has been improved compared to the previous year.

The IMF noted Viet Nam’s success in controlling inflation under single- digit rates and increasing the foreign reserves.

Referring to the slow growth rate in the recent years, the IMF forecasted that the growth will recover in the upcoming years.

The IMF also hopes that Viet Nam will soon complete the negotiations of the Trans-Pacific Partnership (TPP) and the Free Trade Agreement (FTA) with the EU in the future, which create chances for Viet Nam to get access to official export markets and promote reforms.