Vietnam shares monetary policy with financial and monetary partners

Finance Ministers and leaders of central banks of ASEAN member states on April 4 held a series of working sessions with the EU-ASEAN Business Council (EU-ABC), the US - ASEAN Business Council (US ABC), and the ASEAN Business Advisory Council (ABAC) as part of the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM) held on April 4 in Luang Prabang in Laos.

A Vietnamese delegation led by Minister Phoc and Dung delivered important speeches at these meetings.

Ministers and delegation heads exchanged views on relevant regional and global issues such as green finance and financial technology, digital transformation, and cross-border digital payment connections.

They also acknowledged the important role and contribution made by partners in ASEAN's business sectors in supporting the regional bloc’s initiatives aimed at promoting the regional economic agenda towards sustainable, resilient, and comprehensive growth.

At the meetings, Minister Phoc and Dung shared Vietnam’s monetary policy and monetary cooperation initiatives, while simultaneously affirming that finance and green growth are one of the nation’s top priorities.

The country is currently working to legislate its international commitments on responding to climate change to complete a synchronous legal corridor, whilst encouraging, promoting, and creating breakthroughs in attracting investment capital flows and green finance from international partners into the nation.

This is in addition to continuing to carry out administrative procedure reforms and digital transformation, alongside developing many new utilities to serve users.

Applauding the efforts made by the ASEAN business community in accelerating financial flows in the ASEAN region, Minister Phoc and Dung expressed their confidence that the ASEAN business community will continue to contribute important recommendations to the process of fine-tuning the regulatory system and financial market infrastructure with the aim of increasing the attraction of investment capital flows to the region, including Vietnam.