The programmes aim to stabilise the financial situation and develop the sector, including stock market and bonds, as well as strengthening laws and regulations to reinforce transparency and protect investors and consumers.
The loan will provide credit for investment activities in the country to support economic growth, help the stabilisation of financial sector by increasing competitiveness, reducing risks and minimising disadvantages for poor people caused by the financial crisis.
The ADB Country Director for Vietnam, Ayumi Konishi, emphasised that the measures proposed include creating favourable conditions for issuing bonds, strengthening transparency and state management, increasing capacity of controlling companies’ risks and providing other forms of assistance to Vietnamese Government.
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