Economics
IMF Chief Says Vietnam's Economy Is at Risk Without Reforms
- Lagarde credits Vietnam as one of world's most open economies
- Nation needs to bolster economy with state sector reforms
Lagarde: Negative Rates Have Helped Global Economy
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Vietnam risks being vulnerable to external shocks if it doesn’t push through reforms to strengthen its banking system and restructure state businesses, according to International Monetary Fund chief Christine Lagarde.
The Southeast Asian nation isn’t in a position to withstand economic blows from tightening of monetary policies elsewhere, a deep and prolonged drop in commodity prices and a slowing China without reforms, she said in a March 18 interview in Ho Chi Minh City.