Interest rate policy not designed to gain export advantages, PM Phuc says
17:57 | 26/10/2020

VGP – Prime Minister Nguyen Xuan Phuc said Viet Nam’s currency interest rate policy is not designed to gain export advantages or to support domestic production.

PM Nguyen Xuan Phuc speaks at the event. Photo: VGP

The Government chief made the statement at his reception Adam Boehler, Chief Executive Officer (CEO) of the US International Development Finance Corporation (DFC) and representatives from the US Department of Treasury, the Department of Commerce, and the US Export-Import Bank (EximBank), in Ha Noi on Monday.

Should the Viet Nam Dong is devalued, it will seriously affect macro-economic stability and investors’ confidence, and cause great losses to the economy, Phuc emphasized.

Regarding the Viet Nam-US ties, PM Phuc extended greetings to President Donald Trump, his Spouse, and other senior American leaders, highlighting that both countries can be proud of the achievements in the bilateral ties throughout the last 25 years.

He reiterated Viet Nam always regards the US as one of the top partners, expressing his wish to further foster the comprehensive partnership with the US, especially in such fields like economy, trade and investment.

The PM also affirmed Viet Nam attaches great importance to and highly values the US’s active participation in the US-Mekong Partnership and that the DFC’s investment expansion in the Mekong region will be foundation for building a dynamic, resilient, and sustainable Mekong region and a strong ASEAN.

Phuc suggested the DFC and relevant Vietnamese agencies work together to identify investment opportunities in potential infrastructure, energy and high-tech projects in Viet Nam and the Mekong region.

For his part, Boehler said the DFC would increase its investment in Viet Nam in the time to come, adding that the US EximBank also wants to further strengthen cooperation with the country.

He noted that the two countries have made positive progress in energy cooperation through ongoing projects, adding that the DFC is also looking for investment opportunities in Viet Nam’s infrastructure sector.

The US Congress has approved a new tool for the bank to promote cooperation with other countries, including Viet Nam, according to Boehler, noting that the bank can provide financial support in terms of renewable energy, transportation, aviation, health, agriculture, and 5G technology./.

By Kim Anh

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