and access to credit difficulties. Prospects for the labor market was also low, at least until the end of quarter I / 2010.
"In general, Asian economies will recover slowly, thanks to the stimulus package, and the IMF said that Asian governments should maintain stimulus spending until the economy improves, "said Benedict Bingham said.
But with Vietnam, the message of the IMF is somewhat different from many Asian countries. This Fund's experts said that Vietnam firstly should ensure macroeconomic stability to the impacts that the stimulus package created. Along with that, it is necessary to stop the economic stimulus program an orderly manner, and tightening monetary policy, strengthening the fiscal policy.
Earlier, Chairman of the Commission national financial supervisory Le Duc Thuy said that the economy itself is not enough to restore order without adding the additional support of the Government. "I think that the current measures are not enough, may have to research new policies, such as fiscal and monetary ... GDP growth rate in 2010 may be 6.5%, but no one dares to say that next year also continued to rise, "Mr Thuy said.
he also said that Vietnam should have an additional package with a smaller scale, with more rational methods, to help the recovery of growth takes a sustainable way. However, former Governor of the State Bank said that the second stimulus package, if implemented, the solution should not choose short-term interest rate subsidies for enterprises like the past, which should take other measures. There are three members of the advisory council of the national monetary financing propose implementing a second stimulus package, 7 others expressed support.
The IMF's forecast for economic growth in Vietnam has been tune up for this year's high. According to Benedict Bingham, this growth is maintained with the support of the government with fiscal measures, monetary.
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