ASEAN commits to close finance-banking cooperation
A Vietnamese delegation led by Minister of Finance Ho Duc Phoc and Deputy Governor of the State Bank of Vietnam Pham Quang Dung attended the 11th ASEAN Finance Ministers and Central Bank Governors’ Meeting (11th AFMGM) held in Luang Prabang, Laos, on April 5.
Vietnamese Minister of Finance Ho Duc Phoc (L) and Deputy Governor of the State Bank of Vietnam Pham Quang Dung at the conference. (Photo: VNA)
Luang Prabang (VNA) – A Vietnamesedelegation led by Minister of Finance Ho Duc Phoc and Deputy Governor of theState Bank of Vietnam Pham Quang Dung attended the 11th ASEAN Finance Ministersand Central Bank Governors’ Meeting (11th AFMGM) held in Luang Prabang, Laos,on April 5.
Delegates at the meeting highlighted remarkableprogress in the implementation of finance-banking cooperation initiatives,which have contributed to fulfilling targets of the ASEAN Economic CommunityBlueprint 2025.
They agreed on the need to maintain public debtstability, consolidate fiscal policies, apply macro policies cautiously, andcontinue to pursue reform goals and sustainable growth given a host ofchallenges ahead.
In their remarks, Phoc and Dung expressed theirsupport for initiatives raised by Laos, 2024 ASEAN Chair, with the theme of “EnhancingConnectivity and Resilience.”
Phoc praised the group’s financialcooperation, and emphasised that Vietnam has contributed significantly to ASEANconnectivity through collaboration in customs and tax, taking the example ofthe 33rd Meeting of the ASEAN Customs Directors-General to be chaired by the GeneralDepartment of Vietnam Customs this June in Phu Quoc, the southern provinceof Kien Giang.
The minister applauded efforts and outcomes ofASEAN insurance cooperation in the past year and affirmed that thecollaboration is on the right track with such activities as knowledge sharingand dialogue, thus ensuring a healthy insurance business environment.
He suggested the enhancement of cooperation in greenfinance and transition finance both within the ASEAN, and between it andexternal partners, saying ASEAN countries should stay steadfast in their macropolicy orientations and priorities.
Participating delegations pose for a group photo. (Photo: VNA)
A joint statement was issued at the end of theconference. The 12th AFMGM and relevant financial conference arescheduled for 2025 in Kuala Lumpur, Malaysia./.
Minister of Finance Ho Duc Phoc and Deputy Governor of the State Bank of Vietnam Pham Quang Dung attended meetings between ASEAN finance ministers and central bank governors and the EU-ASEAN Business Council (EU-ABC), the US- ASEAN Business Council (US ABC), and the APEC Business Advisory Council (ABAC) in Laos on April 4.
A Vietnamese delegation led by Deputy Governor of the State Bank of Vietnam (SBV) Pham Quang Dung attended a policy dialogue between central bank governors of ASEAN countries and financial institutions' Chief Executive Officers on April 4 in Luang Prabang, Laos.
Finance Minister Ho Duc Phoc led a Vietnamese delegation to the 28th ASEAN Finance Minister’s Meeting that took place in Luang Prabang, Laos, on April 5.
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Vietnamese Minister of Finance Ho Duc Phoc (L) and Deputy Governor of the State Bank of Vietnam Pham Quang Dung at the conference. (Photo: VNA)
Participating delegations pose for a group photo. (Photo: VNA)
