Hanoi (VNA) - Deputyministers of finance and deputy governors of central banks in ASEAN and the USgathered together at an online meeting on October 1, held as part of the ASEANFinance Ministers and Central Bank Governors’ Meeting hosted by Vietnam.
The dialogue between finance-banking sectors in ASEANand the US Department of the Treasury is an annual event considered important forsharing information and views on finance-banking and helping relevant parties effectivelycoordinate macro-economic policies.
Participants discussed several issues ofregional and global concern, including economic policies in response toCOVID-19, the transparency of public debt and financial management, and financefor infrastructure development.
They shared the view that as the global economyis facing an array of difficulties and challenges, close bilateral and regionalcooperation among countries’ finance-banking agencies has a crucial role to play.
Deputy Minister of Finance Tran Xuan Hadelivered a speech on Vietnam’s financial policy in the face of the COVID-19pandemic, along with key measures to help people and businesses overcome thecrisis period, in order to realise the twin targets of containing the outbreakand promoting economic development.
He also noted the country’s views on public debtmanagement and finance for infrastructure development.
Meanwhile, Deputy Governor of the State Bank ofVietnam Nguyen Thi Hong said that as economies are largely dependent upon oneanother, the pandemic’s impacts on global socio-economic development, includingin ASEAN and the US, become even more serious and complex.
However, finance ministries and central bankshave taken swift and timely actions to sustain financial and macro-economicstability, she added./.
VNA