VN, Japan foster financial cooperation

Source: Pano feed

VGP – Viet Nam has sought Japan’s assistance to strengthen its financial market institution and capacity building and developing its human resources.


Minister of Finance Dinh Tien Dung (R); and his counterpart Taro Aso - Photo: VNA

Minister of Finance Dinh Tien Dung (R); and his counterpart Taro Aso - Photo: VNA



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


Minister Dung praised the role of Japan as the largest provider of official development assistance (ODA) capital for Viet Nam, with a total amount of 2,078 billion JPY (about $21 billion) from 1993 up to now.


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 Viet Nam Automated Cargo and Port Consolidated System and the Vietnam Customs Information System (VNACCS/VCIS).


He also called on the Japanese ministry to continue assisting Viet Nam in training employees to serve market development in the country.


After the talks, the two ministers witnessed the signing of a cooperative agreement between Japan’s Financial Services Agency and Viet Nam’s State Securities Commission, which is expected to help improve the latter’s capacity in managing and developing the capital market.


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


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


By Vien Nhu




Đăng ký: VietNam News

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