The Vietnam Finance Forum 2021 takes place in Hanoi on November 16. (Photo: VNA)This year’s event was themed “Finance Strategy for the 2021 –2030 period: Solutions for Economic Recovery and Development in Vietnam.”
Also speaking at the event, Dr. Nguyen Nhu Quynh, DeputyDirector of the Ministry of Finance’s National Institute for Finance (NIF) saidaccording to the next decade’s Finance Strategy, the national finance policy plays apioneering role in effectively mobilizing, distributing and using both domesticand foreign resources, and directing the resources into fulfilling prioritysocio-economic development goals in each certain period of time.
It is important for the country to focus more on improvingpolicies to effectively mobilise resources for development, enhancingbusiness climate and accelerating the mobilization of non-State resources,Quynh said.
He also emphasized the need to tighten control of Statebudget deficit, properly manage public debts and step by step provide morefiscal space for heightening the national finance’s resilience.
Vice Chairman of the National Financial SupervisoryCommission Dr. Vu Nhu Thang said to develop a healthy and efficient financialmarket and minimise impacts of systemic crises, Vietnam must reform thefinancial sector through facilitating fair competition and stability of thebanking system.
He further urged for the improvement of financialinfrastructure to enable the country to keep up with the ever-changing fintechtrends./.
VNA
