Vietnam and Russia have agreed to strengthen cooperation in public finance management, a move to deepen the strategic partnership between the two countries in the coming time.

A memorandum of understanding to this effect was signed on August 29 by Deputy Minister of Finance Truong Chi Trung and his Russian counterpart Sergey Storchak, at the Finance Ministers’ Meeting of the Asia-Pacific Economic Cooperation (APEC) forum in Moscow.

According to the MoU which is effective from 2013 to 2015, the two sides will push the exchange of experience in public finance management, including economic stabilisation policies and strategies, management of state budget, human resources management, international financial cooperation and other issues of mutual concerns.

In addition, the two ministries also agreed to step up cooperation in personnel training through the exchange of professionals, organisation of training courses and seminars.

The APEC Finance Ministers’ Meeting runs from August 28 to 30.-VNA