At the meeting, the governor of SBV said Vietnam would face many challenges in the next 5 years, including renovating its growth model, restructuring the economy, improving growth quality and competitiveness, implementing several free trade agreements and climate change mitigation.
These formidable tasks require great assistance of international community if they are to be fulfilled and World Bank’s preferential loans would play a vital role in helping Vietnam boost economic development and avoid the middle-income trap. The World Bank’s executive directors hailed SBV’s efforts in regulating monetary policies, contributing to recent macro-economic stability.
