Vietnam expands int’l public finance cooperation
(VOV) - Hanoi hosted a June 25 public management partner group conference discussing the financial sector’s major projects and action plans as dictated by the overarching financial strategy with a vision until 2020.
The Ministry of Finance (MoF) reported that with support from foreign partners including the Japan International Cooperation Agency (JICA), the European Union (EU), and the World Bank (WB), its implemented projects have delivered remarkable results in public administrative reform.
The MoF also presented a document formalising an action plan based on the broader financial strategy. It will help donors provide financial and technical support in a manner complementing each other’s contributions.
Financial restructuring and effective public management relies on better coordination between foreign donors and the Vietnamese Government.
The mid-term group conference is held every six months, offering donors and the MoF an opportunity to review progress made in public finance management reform and create new scope for cooperation.
MoF representatives said its and its partners’ direct involvement in public finance management reform, information exchanges, and policy dialogues will strengthen these valuable established relationships.