PM Chinh hosts IMF managing director, OECD secretary-general
Prime Minister Pham Minh Chinh hosted separate receptions for Kristalina Georgieva, managing director of the IMF, and Mathias Cormann, secretary-general of the Organisation for Economic Co-operation and Development (OECD).
The meetings took place on May 20 in Hiroshima in Japan as part of the occasion of his attendance at the expanded G7 summit.
Upon meeting with Georgieva, PM Chinh suggested that the IMF go ahead with policy counselling for the Vietnamese Government regarding economic management and the improvement of tools and policies related to fiscal, monetary, and financial restructuring.
The PM shared with his guest details about Vietnamese success in various areas, including a stable financial market and an elevated national brand worth US$431 billion in 2022, with the country achieving the fastest growth worldwide in terms of brand development in the 2020 to 2022 period. In addition, the nation also climbed 12 places in the World Happiness Report 2023.
The two sides held frank discussions on issues of mutual interest and raised new concerns amid ongoing global economic challenges.
In response, Georgieva spoke highly of the Vietnamese socio-economic management policy and affirmed that she and the IMF strongly support and will partner with the nation during its development process.
Meeting with Mathias Cormann, OECD secretary-general, the Vietnamese cabinet leader asked both sides to continue boosting ties, firstly in preparing for the Ministerial Conference of the OECD Southeast Asia Regional Programme.
He sought the OECD's support for the country in adapting to new areas that require a new mindset and new approaches in the future, especially regarding issues such as the global minimum corporate income tax, energy and food security, climate change, knowledge-based economy, and the circular economy.
Cormann pledged to continue co-operating with Vietnam, backing its recovery and economic development, particularly in areas of Vietnamese interest such as building investment policies aligned with the global minimum corporate income tax, green economy, and the circular economy.
He expressed his hopes that the country will join in the Inclusive Forum on Carbon Mitigation Approaches (IFCMA) and contribute to the development of a comprehensive approach relating to global carbon reduction at a global level.