Comprehensive financial system crucial to sustainable developmen

Comprehensive financial system crucial to sustainable development

A national strategy on an inclusive financial system is needed to promote socio-economic sustainable development in Vietnam, Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung has said.
Comprehensive financial system crucial to sustainable development ảnh 1Delegation led by Queen of the Netherlands Máxima Zorreguieta Cerruti and officials of Vietnam's Ministry of Labours, Invalids and Social Affairs (Photo: VNA)
 
Hanoi (VNA) – A national strategy on aninclusive financial system is needed to promote socio-economic sustainabledevelopment in Vietnam, Minister of Labour, Invalids and Social Affairs DaoNgoc Dung has said.

He made the statement at a working session withQueen of the Netherland Maxima Zorreguieta Cerruti, who is also the UNSecretary-General’s Special Advocate for Inclusive Finance for Development, inHanoi on June 1.

He said Vietnam has gained significantachievements in poverty reduction thanks to the implementation of policies onsocial welfares, micro-financial development, and rural-agricultural credits.

However, a remarkable proportion of locals haveyet been able to gain official access to financial and banking services,especially those in remote areas, he noted.

Dung said his ministry will chair a high-levelpolicy dialogue on women and economy in the central province of Thua Thien-Hue inSeptember as part of the APEC Year 2017.

He invited the Queen to participate in theevent, which will make valuable contributions to the country’s efforts innarrowing the gender gap in the digital world.

Queen Maxima congratulated Vietnam on itsaccomplishments in poverty reduction and socio-economic development over thepast 30 years.

She agreed that the building of a nationalstrategy on inclusive finance is important to boost the country’s sustainabledevelopment.

In the context of globalization and internationalintegration, the United Nation has been interested in promoting theimplementation of inclusive financial policies in member nations to ensurevulnerable groups will receive support to overcome financial difficulties, sheadded.

The Queen said she is willing to shareexperience and cooperate with Vietnam in this field.-VNA
VNA

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