The 2015 Knowledge Sharing Programme (KSP) Regional Workshop in Asia (Source: bnews.vn)
Hanoi (VNA) – Experts from the Republic of Korea (RoK) shared their country’s experience in public finance management reform during a workshop in Hanoi on November 18.

The Knowledge Sharing Programme (KSP) Regional Workshop in Asia was coorganised by the Institute for Development Strategy under Vietnam’s Ministry of Planning and Investment, the Korea Development Institute and several other agencies of the RoK.

The event aims to sum up lessons drawn from the RoK’s development experience, share knowledge in a broader context, and develop policies regarding the effective public finance reform and management.

Yoon Dae-Hee, former RoK Minister for Policy Coordination, said the workshop focused on how to set up a strong and efficient public finance management system, which is seen as one of the major matters concerning the KSP’s partner countries in Asia.

The RoK’s lessons could serve as policy hints to partners who are facing similar issues, he said.

Stressing the important role played by fiscal policies in public finance management, Yoon said the RoK is taking measures to boost financial reform and investment management in an effective and transparent manner in order to improve the efficiency of fiscal policies.

To Huong Thao, deputy head of the Vietnam Finance Ministry’s Public Asset Management Department, said the exchange of experience in utilising financial resources from public assets is essential and useful for Vietnam to complete the management mechanism for this field.

The KSP is a knowledge-intensive development and economic cooperation programme designed to share the RoK’s development experience with partner countries.

It offers comprehensive policy consultations tailored to the needs of partner countries encompassing in-depth analysis, policy consultation, and training opportunities.-VNA