IMF -- Resident Representative Office in Vietnam

IMF Office in Vietnam

Resident Representative for Vietnam

Jochen Schmittmann

Regional Resident Representative for the IMF Resident Offices in Vietnam, Cambodia and Lao PDR

Office Information

Tel: 84-24-3-824-3350
Fax: 84-24-3-825-1885
Email: RR-VNM@imf.org

(From left to right): Van-Anh Nguyen, My-Le Nguyen, Jochen Schmittmann, Nga Kim Ha , Hai Hoang, Dai-Quang Du

Jochen Schmittmann, Regional Resident Representative for the IMF Resident Offices in Vietnam, Cambodia and Lao PDR: Jochen M. Schmittmann is the Regional Resident Representative for the IMF Resident Offices in Vietnam, Cambodia and Lao PDR. Before that, he was the Deputy Head of the IMF’s Regional Office for Asia and the Pacific in Tokyo, Desk Economist on the Japan team, and Mission Chief for the Federated States of Micronesia. He previously was the IMF’s Resident Representative in Singapore, covering Singapore, Malaysia, and Asian financial markets. Before coming to Singapore, Jochen worked in the IMF’s Asia and Pacific, Western Hemisphere, Finance, and Monetary and Capital Markets departments. He also worked as part of the team managing the IMF’s investments. Jochen has published on a wide range of topics in finance and macroeconomics, including behavioral finance, climate finance, currency hedging, labor markets, and the economic impact of demographic change in Asia. Jochen holds a Ph.D. in Financial Economics from Goethe University Frankfurt.
Nga Ha Kim, Senior Economist: Nga was seconded to the IMF Hanoi Office from the State Bank of Vietnam in 1997 and became a staff member in 2000. Nga is in charge of monetary and external sectors.. She also administers the IMF training programs for the office. She holds degrees from Saitama University, Japan (M.A., Public Policy) and National Economics University, Hanoi (B.A., Economics).
Van Anh Nguyen, Economist, Economist: Van Anh joined the IMF Hanoi Office in 1997, and is in charge of fiscal and real sectors, and data management and analysis. She holds degrees from the National Economics University, Hanoi (MBA) and from the University of Agriculture, Hanoi (Bsc).
Hai Hoang, Office Manager: Hai joined the IMF Hanoi Office in 2004. Besides administering the office, she handles operations and the budget. She holds a B.A. from the Foreign Language University, Hanoi. She has a good working knowledge of German.
Le My Nguyen, Office Assistant: Le has worked for the IMF Hanoi Office since 2007. She provides assistance in office operation, data management and analysis.
Quang Du, Office Driver: Dai has driving experience for more than 30 years. He worked for several Japanese firms before joining the IMF in 2004. He can speak English and Russian.

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This web page presents information about the work of the IMF in Vietnam, including the activities of the IMF Resident Representative Office. Additional information can be found on the Vietnam and IMF country page, including IMF reports and Executive Board documents that deal with Vietnam.

Vietnam and the IMF Country page

Vietnam: At a Glance
Vietnam and the IMF
Photos
Regional Economic Outlook: Asia and Pacific

Vietnam: At a Glance

Current IMF membership: 190 countries
Vietnam joined the Fund on September 21, 1956; Article VIII
At a Glance—Vietnam and the IMF
Quota: SDR 460.70 million
Outstanding Purchases and Loans: PRGF arrangements SDR 74.52 million
The last Article IV Executive Board Consultation was on August 30, 2023

Vietnam and the IMF

IMF Staff Completes 2024 Article IV Mission to Vietnam

June 26, 2024

Vietnam’s economy is projected to expand by close to 6 percent in 2024, up from 5 percent in the previous year, driven by a recovering export sector, robust foreign direct investment, and policy support.
Transcript of Press Briefing: Asia Pacific Department Regional Economic Outlook April 2024

April 30, 2024

Good morning, everyone. Thank you for attending the IMF's press briefing on the release of the Regional Economic Outlook for Asia and Pacific. I'm Huong Lan (Pinky) Vu from the Communications Department, and joining me today are two speakers. The gentleman next to me, Krishna Srinivasan, Director of the Asia and Pacific Department, and the gentleman on my far left, Thomas Helbling, Deputy Director of the Asia and Pacific Department.
Transcript of Asia Pacific Department April 2024 Press Briefing

April 18, 2024

: Good morning, everyone. Thank you for attending the IMF's press briefing on the Regional Economic Outlook for Asia and Pacific. I'm Huong Lan (Pinky) Vu from the Communications Department at the IMF, and joining me today is Krishna Srinivasan, Director of the Asia and Pacific Department at the IMF.
Cold War II? Preserving Economic Cooperation Amid Geoeconomic Fragmentation

December 11, 2023

In her speech at the 20th World Congress of the International Economic Association, Gita Gopinath discusses the potential onset of Cold War II and its implications for the global economy. She draws parallels between historical periods of globalization and fragmentation, emphasizing the current geopolitical tensions between the US and China. Gopinath highlights signs of growing trade and investment fragmentation and the risks it poses to economic cooperation and growth. She emphasizes the need for pragmatic approaches to minimize the costs of fragmentation while addressing security concerns. Gopinath suggests three principles for policymakers: seeking multilateral approaches for common interests, adopting non-discriminatory plurilateral agreements, and restricting unilateral policy actions to correct market distortions. She concludes by urging collaboration to preserve the benefits of free trade and tackle global challenges in an increasingly fragmented world.
High-level Seminar on Climate Change Issues for Governors and Financial Sector Policymakers

December 8, 2023

Photos

IMF Managing Director Kristalina Georgieva with Prime Minister Pham Minh Chinh. September 4, 2023

Regional Economic Outlook: Asia and Pacific

April 29, 2024

April 2024 Regional Economic Outlook for Asia and Pacfic

Steady Growth amid Diverging Prospects

Growth in Asia and the Pacific outperformed expectations in late 2023, reaching 5.0 percent for the year. Inflation has continued to decline, albeit at varying speeds: some economies are still seeing sustained price pressures, while others are facing deflationary risks.In 2024, growth is projected to slow modestly to 4.5 percent. Near-term risks are now broadly balanced, as global disinflation and the prospect of monetary easing have increased the likelihood of a soft landing. Spillovers from a deeper property sector correction in China remain an important risk, however, while geoeconomic fragmentation clouds medium-term prospects. Given the diverse inflation landscape, central bank policies need to calibrate policies carefully to domestic needs. Fiscal consolidation should accelerate to contain debt burdens and debt service cost, in order to preserve budgetary space for addressing structural challenges, including population aging and climate change.
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