Vietnam has opportunities to approach wide commercial capital market: insider
Vietnam has opportunities to access a wide commercial capital market which allows the country to be more active and flexible in capital mobilisation and use in order to compensate for the shrinking official development assistance (ODA).
Truong Hung Long, head of the Ministry of Finance’s Department of Debt Management and External Finance made the remark at a workshop seeking measures to intensify relations with investors being jointly held by the Ministry of Finance and the International Monetary Fund (IMF) on December 7-8.
The role and position of Vietnam has seen positive changes, with entering the group of middle-income countries as an important milestone, helping it able to manage debts proactively and effectively, he said.
He noted that intensifying and maintaining relations with investors is an important task to promptly and accurately convey information on the country’s socio-economic development situation and the Government’s policies toward investors.
Lack of information or inaccurate information can make investors or lenders have false understanding as well as negative assessment on risks of loans and investments, he added.
An IMF representative said that the target and principal of the investor relations are data transparency and the ability to contact with Government agencies to clarify publicised information.