CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Banking & Finance
Vietnam's financial market institution to be finalised
By Tuan Minh 10:04, 2014/03/07
The Vietnam Ministry of Finance (MoF) has asked its Japanese counterpart to help Vietnam finalise its financial market institution, increase the capacity, and develop human resources.

MoF Minister Dinh Tien Dung made the proposal during talks in Tokyo with Japanese Deputy Prime Minister and Finance Minister Taro Aso during his visit from March 3-7.

Dung expressed his appreciation for Japan’s role as the biggest ODA donor to Vietnam, saying Japan has committed more than US$21 billion in ODA since 1993, contributing to the country’s socio-economic development.

He said the two finance ministries have cooperated well in such fields as customs, security, state-owned enterprise restructuring, human resource training, and technical equipment aid, particularly in the implementation of the Vietnam Automated Cargo and Port Consolidated System and the Vietnam Customs Information System (VNACCS/VCIS).

Dung spoke highly of Japan’s role in the ASEAN + 3 multilateral cooperation mechanism, especially its direct support to member countries, including Vietnam, through the Japan-ASEAN Financial Technical Assistance Fund (JAFTA), to support its bond market development.

He invited Taro Aso to visit Vietnam and attend the inauguration ceremony of the VNACCS/VCIS system scheduled for April 2014.

After talks, the ministers witnessed the signing of a letter of intent for exchange and cooperation between the Chairman of the Japan Financial Services Agency and the Chairman of the State Securities Commission of Vietnam.

Minister Dinh Tien Dung also held talks with Shigeru Kiyama, Vice President of the Japan International Cooperation Agency (JICA).

He suggested Japan increase official development assistance (ODA) quota for Vietnam, and consider Vietnam’s proposals to deal with its ODA loans under the Special Terms for Economic Partnership (STEP).

In response, Shigeru Kiyama affirmed that JICA will continue to work closely with the Vietnamese Government to successfully implement their joint projects in the future.

Dung and Kiyama witnessed the signing of a loan agreement, worth JPY25 billion, for  a Support Programme to Respond to Climate Change in Vietnam (SPRCC)  and the First Economic Management and Competitiveness (EMCC).

Comments
Other news
16:48, 2025/02/27
Local banks cut interest rates in response to PM’s request
The rate cuts come in response to the Prime Minister’s directive to inspect and review banks that have recently increased deposit rates.
15:51, 2025/02/24
Vietnam set to have digital banks within financial centers
Credit institutions headquartered in these financial centers will not be bound by restrictions on to foreign ownership or foreign investment conditions when providing services there or across borders.
14:30, 2025/02/15
Hanoi expands cashless parking pilot program
Hanoi is advancing its efforts to integrate technology into urban management by expanding the pilot program for cashless parking payments throughout the city.
16:58, 2025/02/11
Prime Minister urges banks to prioritize economic support over profits
One of the key priorities for the banking sector is to support small and medium-sized enterprises (SMEs), as they generate a large number of jobs and contribute significantly to the economy.
17:23, 2025/02/07
Vietnamese Gov’t forecasts CPI growth of up to 4.5% in 2025
With the goal of at least 8% GDP growth, the money supply in the economy will be significantly larger than in 2024. This will have an impact on price indices, particularly consumer prices.
17:51, 2025/01/07
Vietnam prioritizes agriculture and renewable energy for access to green loans
The move is part of the government’s effort to accelerate economic restructuring and build resilience to climate change while protecting the environment.