{"id":77618,"date":"2026-10-20T15:23:53","date_gmt":"2026-10-20T08:23:53","guid":{"rendered":"https:\/\/neu.edu.vn\/roundtable-introducing-the-asia-pacific-economic-outlook-report-2026\/"},"modified":"2026-10-27T21:40:27","modified_gmt":"2026-10-27T14:40:27","slug":"roundtable-introducing-the-asia-pacific-economic-outlook-report-2026","status":"publish","type":"post","link":"https:\/\/neu.edu.vn\/en\/roundtable-introducing-the-asia-pacific-economic-outlook-report-2026\/","title":{"rendered":"Roundtable Introducing the Asia-Pacific Economic Outlook Report 2026"},"content":{"rendered":"\n

On October 20, 2026, the National Economics University, in collaboration with the International Monetary Fund (IMF), organized a roundtable to introduce the IMF’s Regional Economic Outlook Report for Asia and the Pacific (IMF Regional Economic Outlook \u2013 REO: Asia and Pacific). The roundtable focused on analyzing prominent economic issues in the region, particularly the role of household consumption in driving domestic demand and the potential for service trade development, thereby providing additional research perspectives and policy implications for regional economies, including Vietnam.<\/em><\/p>\n\n

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Overview of the Roundtable<\/em><\/p>\n\n

Attending the roundtable, on behalf of the International Monetary Fund (IMF), were: Mr. Fazurin Jamaludin \u2013 IMF Resident Representative in Vietnam and the Lao PDR; Mr. Diaa Noureldin – Senior Economist, IMF Asia and Pacific Department; Ms. Anne Oeking – Economist, IMF Asia and Pacific Regional Office. Representing the National Economics University were: Prof. Dr. To Trung Thanh \u2013 Vice President of the University; along with representatives from the University’s Schools, Departments, Faculties, Institutes, and Centers; IMF economic experts, scientists, researchers, and delegates.<\/p>\n\n

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Prof. Dr. To Trung Thanh \u2013 Vice President of the National Economics University delivering a speech<\/em><\/p>\n\n

In his opening remarks, Prof. Dr. To Trung Thanh – Vice President of the National Economics University stated that the global economy is undergoing profound structural transformations, with increasing geopolitical uncertainties, trade fragmentation trends, supply chain shifts, and the growing impact of digital transformation and artificial intelligence (AI).<\/p>\n\n

These developments pose challenges to traditional growth models while creating new opportunities for emerging and developing economies. Therefore, balancing growth drivers, harnessing domestic market potential, enhancing productivity, and promoting international economic integration are becoming increasingly important.<\/p>\n\n

According to Prof. Dr. To Trung Thanh, these issues are particularly significant for Vietnam as the country enters a new phase of development, requiring continued transformation of the growth model, enhancement of competitiveness, and more effective utilization of opportunities from international integration and technological advancements.<\/p>\n\n

\n
\"\"<\/figure>\n<\/figure>\n\n

Mr. Fazurin Jamaludin – IMF Resident Representative in Vietnam and the Lao PDR providing an overview of the World Economic Outlook (WEO) and Regional Economic Outlook (REO) Reports<\/em><\/p>\n\n

Introducing the main contents of the World Economic Outlook (WEO) and the Regional Economic Outlook (REO) reports, Mr. Fazurin Jamaludin, IMF Resident Representative in Vietnam and the Lao PDR, stated that global economic growth is being affected by three major factors.<\/p>\n\n

These include the energy shock from the Middle East crisis, uncertainties about international trade mechanisms, and the technological boom driven by the AI industry.<\/p>\n\n

According to the IMF representative, the impact of these factors is uneven across economies. However, the resilience of the global economy conceals significant disparities among economies and regions. Adverse risks remain predominant, particularly the risk of prolonged conflict in the Middle East, escalating trade tensions, and uncertainties about realizing the benefits of AI.<\/p>\n\n

In this context, the IMF recommends that countries implement prudent fiscal policies to create buffer reserves, maintain price stability, and control inflation, while enhancing supervision to mitigate risks in the financial system.<\/p>\n\n

In the medium and long term, the IMF emphasizes the need to diversify sources of growth, identifying domestic consumption and service trade as two areas with potential to contribute to the resilience and sustainable growth of Asian economies.<\/p>\n\n

\n
\"\"<\/figure>\n<\/figure>\n\n

Mr. Diaa Noureldin – Senior Economist, Asia and Pacific Department of the IMF, presented a paper at the Seminar<\/em><\/p>\n\n

Presenting research on supporting domestic demand in emerging Asian economies, Mr. Diaa Noureldin, Senior Economist, Asia and Pacific Department of the IMF, noted that exports and investment have long been the main drivers of growth in the region.<\/p>\n\n

However, this model is facing increasing limitations, including diminishing investment efficiency, inefficient capital allocation, and risks from global trade fragmentation. Meanwhile, household consumption remains relatively low in many emerging Asian economies.<\/p>\n\n

Therefore, the IMF assesses that strengthening the social security system, expanding pension coverage, and providing appropriate income support can help reduce precautionary savings motives, thereby boosting consumption and improving living standards.<\/p>\n\n

In addition to domestic consumption, service trade is identified by the IMF as an important direction to expand growth drivers. According to Ms. Anne Oeking, Economist at the IMF’s Asia and Pacific Regional Office, service exports in the region have grown faster than goods exports since the global financial crisis, thanks to digitalization and increasing service demand in production supply chains.<\/p>\n\n

However, the degree of service trade integration in the region remains limited, particularly in ASEAN. According to IMF calculations, policy barriers can generate trade costs equivalent to tariffs over 70% for modern services in many Asia-Pacific economies, compared to the country with the lowest restrictions worldwide. For traditional services, the corresponding cost exceeds 25%.<\/p>\n\n

IMF simulations show that if Asia-Pacific economies coordinate to reduce service trade barriers, the region’s long-term real GDP could increase by nearly 1% compared to the baseline scenario.<\/p>\n\n

Regarding the prospects for attracting foreign direct investment (FDI), Mr. Diaa Noureldin assesses that Vietnam has many favorable foundations, including infrastructure, positive macroeconomic outcomes, and its position in a dynamic region with a high level of integration.<\/p>\n\n

Therefore, IMF experts recommend continuing domestic regulatory reforms, reducing excessive market entry restrictions, enhancing competition, and ensuring policy transparency. Additionally, it is necessary to promote regulatory cooperation, upgrade digital infrastructure, and support workers in adapting to changes in skill demands.<\/p>\n\n

\n
\"\"<\/figure>\n<\/figure>\n\n

Delegates attending the Seminar pose for a commemorative photo<\/em><\/p>\n\n

Through the collaboration in organizing the Seminar to introduce the Asia-Pacific Economic Outlook Report 2026, the National Economics University continues to foster cooperation with international organizations in economic research and policy exchange. The analyses and recommendations from the IMF contribute to supplementing the scientific basis for identifying new growth drivers, while also expanding opportunities to connect academic research with practical policy-making, in line with the University’s development orientation in the new phase.<\/p>\n\n

Some images from the Seminar:<\/em><\/p>\n\n

\n
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Article and photos: Media Department<\/strong><\/em><\/p>\n\n

News agencies reporting on the Seminar:<\/strong><\/em><\/p>\n\n

Nhan Dan Newspaper:<\/em><\/strong> IMF Announces Asia-Pacific Economic Outlook and Recommendations for Vietnam<\/a><\/p>\n\n

Financial Times:<\/em><\/strong> IMF Raises GDP Forecast, Series of Recommendations to Help Vietnam Maintain Sustainable Growth<\/a><\/p>\n\n

Economic and Financial Magazine:<\/em><\/strong> IMF Raises Growth Forecast, Highly Values the Resilience of Vietnam’s Economy<\/a><\/p>\n\n

Business Magazine:<\/em><\/strong> Among the World’s Strongest Growth Group, What Should Vietnam Do for Sustainable Breakthroughs According to IMF Suggestions?<\/a><\/p>\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

On October 20, 2026, the National Economics University, in collaboration with the International Monetary Fund (IMF), organized a roundtable to introduce the IMF’s Regional Economic Outlook Report for Asia and the Pacific (IMF Regional Economic Outlook \u2013 REO: Asia and Pacific). The roundtable focused on analyzing prominent economic issues in the region, particularly the role of household consumption in driving domestic demand and the potential for service trade development, thereby providing additional research perspectives and policy implications for regional economies, including Vietnam. Overview of the Roundtable Attending the roundtable, on behalf of the International Monetary Fund (IMF), were: Mr. Fazurin Jamaludin \u2013 IMF Resident Representative in Vietnam and the Lao PDR; Mr. Diaa Noureldin – Senior Economist, IMF Asia and Pacific Department; Ms. Anne Oeking – Economist, IMF Asia and Pacific Regional Office. Representing the National Economics University were: Prof. Dr. To Trung Thanh \u2013 Vice President of the University; along with representatives from the University’s Schools, Departments, Faculties, Institutes, and Centers; IMF economic experts, scientists, researchers, and delegates. Prof. Dr. To Trung Thanh \u2013 Vice President of the National Economics University delivering a speech In his opening remarks, Prof. Dr. To Trung Thanh – Vice President of the National Economics University stated that the global economy is undergoing profound structural transformations, with increasing geopolitical uncertainties, trade fragmentation trends, supply chain shifts, and the growing impact of digital transformation and artificial intelligence (AI). These developments pose challenges to traditional growth models while creating new opportunities for emerging and developing economies. Therefore, balancing growth drivers, harnessing domestic market potential, enhancing productivity, and promoting international economic integration are becoming increasingly important. According to Prof. Dr. To Trung Thanh, these issues are particularly significant for Vietnam as the country enters a new phase of development, requiring continued transformation of the growth model, enhancement of competitiveness, and more effective utilization of opportunities from international integration and technological advancements. Mr. Fazurin Jamaludin – IMF Resident Representative in Vietnam and the Lao PDR providing an overview of the World Economic Outlook (WEO) and Regional Economic Outlook (REO) Reports Introducing the main contents of the World Economic Outlook (WEO) and the Regional Economic Outlook (REO) reports, Mr. Fazurin Jamaludin, IMF Resident Representative in Vietnam and the Lao PDR, stated that global economic growth is being affected by three major factors. These include the energy shock from the Middle East crisis, uncertainties about international trade mechanisms, and the technological boom driven by the AI industry. According to the IMF representative, the impact of these factors is uneven across economies. However, the resilience of the global economy conceals significant disparities among economies and regions. Adverse risks remain predominant, particularly the risk of prolonged conflict in the Middle East, escalating trade tensions, and uncertainties about realizing the benefits of AI. In this context, the IMF recommends that countries implement prudent fiscal policies to create buffer reserves, maintain price stability, and control inflation, while enhancing supervision to mitigate risks in the financial system. In the medium and long term, the IMF emphasizes the need to diversify sources of growth, identifying domestic consumption and service trade as two areas with potential to contribute to the resilience and sustainable growth of Asian economies. Mr. Diaa Noureldin – Senior Economist, Asia and Pacific Department of the IMF, presented a paper at the Seminar Presenting research on supporting domestic demand in emerging Asian economies, Mr. Diaa Noureldin, Senior Economist, Asia and Pacific Department of the IMF, noted that exports and investment have long been the main drivers of growth in the region. However, this model is facing increasing limitations, including diminishing investment efficiency, inefficient capital allocation, and risks from global trade fragmentation. Meanwhile, household consumption remains relatively low in many emerging Asian economies. Therefore, the IMF assesses that strengthening the social security system, expanding pension coverage, and providing appropriate income support can help reduce precautionary savings motives, thereby boosting consumption and improving living standards. In addition to domestic consumption, service trade is identified by the IMF as an important direction to expand growth drivers. According to Ms. Anne Oeking, Economist at the IMF’s Asia and Pacific Regional Office, service exports in the region have grown faster than goods exports since the global financial crisis, thanks to digitalization and increasing service demand in production supply chains. However, the degree of service trade integration in the region remains limited, particularly in ASEAN. According to IMF calculations, policy barriers can generate trade costs equivalent to tariffs over 70% for modern services in many Asia-Pacific economies, compared to the country with the lowest restrictions worldwide. For traditional services, the corresponding cost exceeds 25%. IMF simulations show that if Asia-Pacific economies coordinate to reduce service trade barriers, the region’s long-term real GDP could increase by nearly 1% compared to the baseline scenario. Regarding the prospects for attracting foreign direct investment (FDI), Mr. Diaa Noureldin assesses that Vietnam has many favorable foundations, including infrastructure, positive macroeconomic outcomes, and its position in a dynamic region with a high level of integration. Therefore, IMF experts recommend continuing domestic regulatory reforms, reducing excessive market entry restrictions, enhancing competition, and ensuring policy transparency. Additionally, it is necessary to promote regulatory cooperation, upgrade digital infrastructure, and support workers in adapting to changes in skill demands. Delegates attending the Seminar pose for a commemorative photo Through the collaboration in organizing the Seminar to introduce the Asia-Pacific Economic Outlook Report 2026, the National Economics University continues to foster cooperation with international organizations in economic research and policy exchange. The analyses and recommendations from the IMF contribute to supplementing the scientific basis for identifying new growth drivers, while also expanding opportunities to connect academic research with practical policy-making, in line with the University’s development orientation in the new phase. Some images from the Seminar: Article and photos: Media Department News agencies reporting on the Seminar: Nhan Dan Newspaper: IMF Announces Asia-Pacific Economic Outlook and Recommendations for Vietnam Financial Times: IMF Raises GDP Forecast, Series of Recommendations to Help Vietnam Maintain Sustainable Growth Economic and Financial Magazine: IMF Raises […]<\/p>\n","protected":false},"author":11,"featured_media":75953,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[169,168],"tags":[],"class_list":["post-77618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","category-neu-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/posts\/77618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/comments?post=77618"}],"version-history":[{"count":1,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/posts\/77618\/revisions"}],"predecessor-version":[{"id":77619,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/posts\/77618\/revisions\/77619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/media\/75953"}],"wp:attachment":[{"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/media?parent=77618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/categories?post=77618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neu.edu.vn\/en\/wp-json\/wp\/v2\/tags?post=77618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}