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IMF urged to help VN measure informal economic sector

VGP – Prime Minister Nguyen Xuan Phuc has asked the International Monetary Fund (IMF) to help Viet Nam evaluate and calculate the informal economic sector, which takes up a relative proportion of the country’s gross domestic product (GDP).

Prime Minister Nguyen Xuan Phuc (T) receives Jonathan Dunn, chief resident representative of the IMF in Viet Nam, Ha Noi, February 13, 2018. Photo: VGP

The Government leader made the request during his reception for Jonathan Dunn, chief resident representative of the IMF in Viet Nam, in Ha Noi on February 13.

Jonathan has been working in Viet Nam for nearly four years since 2015, and will conclude his tenure ahead of schedule to take over the new position as Deputy Director of the IMF Regional Office for Asia and the Pacific (OAP) in Japan, aiming to support Japan as the host country of the 2019 G20 Summit.

Recognizing Jonathan Dunn’s contributions to Viet Nam over the past few years, PM Phuc congratulated the IMF official on his appointment to the new position, which he said shows the IMF leadership board’s high appreciation of Jonathan Dunn’s achievements.

The Government leader called on the guest, in his new position, to become a bridge connecting Viet Nam and the IMF and continue accelerating the relations between the two sides, while making early recommendations for Viet Nam, especially concerning the monetary policies amid the current complicated developments of the international context.

Phuc asked the IMF, with its expertise and experience, to help Viet Nam in making calculations for the informal economic sector in an objective, close, honest and scientific manner.

For his part, Jonathan Dunn expressed his thanks for cooperation from the Vietnamese side, while speaking highly of Viet Nam’s development and economic policies over recent times.

The guest said that he would report to the IMF leaders on the PM’s proposals in supporting Viet Nam to statistically calculate the informal economic sector, voicing his belief that the IMF would help Viet Nam measure its gross national product (GNP) in a more effective fashion.

By Vien Nhu

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