Vietnam Has No Plans to Seek IMF Loan to Resolve Bad Debt

Vietnam has no intention to borrow from the International Monetary Fund to resolve bad debt at the country’s lenders, a central bank official said after a parliamentary committee report cited the option this week.

“Vietnam has no reason to seek loans from the IMF” given that the country’s macroeconomic situation is stable, Deputy Governor Le Minh Hung said in comments posted on the government’s website late yesterday. The State Bank of Vietnam hasn’t discussed loans with the IMF, he said.