An international conference to discuss the stability of financial markets in East Asia will be held in Hanoi from November 27-28.

Financial stability is a prerequisite for sustainable development in East Asian economies, Chairman of the National Financial Monitoring Committee Vu Viet Ngoan told a press conference in Hanoi on November 20.

The event, held for the first time in Vietnam, will convey the country’s determination to implement economic restructuring, including the financial system, he said.

It demonstrates Vietnam ’s responsibility to international and regional issues of common concern, he added.

Entitled “Financial stability frameworks and supervision in changing environment”, the event will enable delegates to share experiences, strengthen cooperation and conceive joint action plans for a stable regional financial market.

The conference is jointly organised by the National Financial Monitoring Committee, the Office of Government, the State Bank of Vietnam and the Finance Ministry.-VNA