This web page presents information about the work of the IMF in Vietnam, including the activities of the IMF Resident Representative Office. Additional information can be found on the Vietnam and IMF country page, including IMF reports and Executive Board documents that deal with Vietnam.

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Vietnam: At a Glance 

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Vietnam and the IMF

  • Transcript of Press Briefing: Asia Pacific Department Regional Economic Outlook April 2024

    April 30, 2024

    Good morning, everyone. Thank you for attending the IMF's press briefing on the release of the Regional Economic Outlook for Asia and Pacific. I'm Huong Lan (Pinky) Vu from the Communications Department, and joining me today are two speakers. The gentleman next to me, Krishna Srinivasan, Director of the Asia and Pacific Department, and the gentleman on my far left, Thomas Helbling, Deputy Director of the Asia and Pacific Department.

  • Transcript of Asia Pacific Department April 2024 Press Briefing

    April 18, 2024

    : Good morning, everyone. Thank you for attending the IMF's press briefing on the Regional Economic Outlook for Asia and Pacific. I'm Huong Lan (Pinky) Vu from the Communications Department at the IMF, and joining me today is Krishna Srinivasan, Director of the Asia and Pacific Department at the IMF.

  • Cold War II? Preserving Economic Cooperation Amid Geoeconomic Fragmentation

    December 11, 2023

    In her speech at the 20th World Congress of the International Economic Association, Gita Gopinath discusses the potential onset of Cold War II and its implications for the global economy. She draws parallels between historical periods of globalization and fragmentation, emphasizing the current geopolitical tensions between the US and China. Gopinath highlights signs of growing trade and investment fragmentation and the risks it poses to economic cooperation and growth. She emphasizes the need for pragmatic approaches to minimize the costs of fragmentation while addressing security concerns. Gopinath suggests three principles for policymakers: seeking multilateral approaches for common interests, adopting non-discriminatory plurilateral agreements, and restricting unilateral policy actions to correct market distortions. She concludes by urging collaboration to preserve the benefits of free trade and tackle global challenges in an increasingly fragmented world.

  • High-level Seminar on Climate Change Issues for Governors and Financial Sector Policymakers

    December 8, 2023

  • Remarks by the First Deputy Managing Director at the Ninth IMF-WB-WTO Trade Research Conference

    October 25, 2023

    In her opening speech at the ninth IMF-World Bank-WTO Trade Research Conference, Gita Gopinath highlighted the challenges facing global trade, including historically low trade growth and rising trade barriers. She emphasized the surge in industrial policy and its potential negative impacts, particularly in advanced economies, and the risks associated with trade fragmentation. Gopinath outlined solutions, advocating for promoting trade openness, building resilient supply chains, and mitigating unilateral actions through transparency and cooperation. She underscored the importance of collaboration among international institutions to address these pressing issues and concluded by expressing hope that the ideas discussed at the conference could contribute to shaping global policy debates.


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  • Photo: IMF

    IMF Managing Director Kristalina Georgieva with Prime Minister Pham Minh Chinh. September 4, 2023

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Regional Economic Outlook: Asia and Pacific

April 29, 2024

April 2024 Regional Economic Outlook for Asia and Pacfic

Steady Growth amid Diverging Prospects

Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. Near-term risks are now broadly balanced, as global disinflation and the prospect of monetary easing have increased the likelihood of a soft landing. Spillovers from a deeper property sector correction in China remain an important risk, however, while geoeconomic fragmentation clouds medium-term prospects. Given the diverse inflation landscape, central bank policies need to calibrate policies carefully to domestic needs. Fiscal consolidation should accelerate to contain debt burdens and debt service cost, in order to preserve budgetary space for addressing structural challenges, including population aging and climate change.
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