Vietnam's macroeconomic performance has been strong, fueled by strong export performance, poverty reduction, and domestic investment. Executive Directors welcomed this development, and stressed the need for strong monetary, exchange rate, and fiscal policies. They appreciated the prudent macroeconomic management, and the transformation from a planned to a market economy. They welcomed the passage of the new Statistics Law, and Vietnam's participation in the IMF's General Data Dissemination System, and emphasized the need to implement public administration and structural reform programs.