Vietnam Business and Financial News

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IMF says no request for financing from Vietnam   2009-11-01 - Reuters

 
 
Anoop Singh speaks during a press briefing in Washington in a 2004 file photo  
Vietnam has not made any request to the International Monetary Fund for financing and is not seen as in a situation serious enough to require assistance, a senior IMF official told Reuters on Friday.

 

 

But an IMF mission is currently visiting the Southeast Asian country for consultation on policy issues for 2010, which will cover all areas including the foreign currency issue, the official said in an interview in Seoul.

“(The mission is) in Vietnam and we are looking very carefully at a policy framework for 2010,” said Anoop Singh, director of the IMF’s Asia and Pacific Department. “But they have not made any request to us for any financing, and we don’t think that they are facing any major constraint.”

Vietnam is trying hard to boost its foreign exchange reserves and said last week it would borrow $1 billion annually from Japan in 2010-2012.


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