A meeting of deputy finance ministers and central bank deputy governors of ASEAN and China, Japan and the Republic of Korea (ASEAN+3) took place in the central city of Nha Trang on April 6.
The meeting was co-chaired by Vietnamese Deputy Finance Minister Tran Xuan Ha and Chinese Deputy Finance Minister Li Yong.
The meeting discussed regional economic and financial developments and policies as well as long-term cooperation in the field among ASEAN+3 members.
Participants reviewed the progress of regional financial cooperation initiatives, including the Asian Bond Markets Initiative (ABMI) and the Chiang Mai Initiative Multilateralisation (CMIM). They also explored ways to further enhance these initiatives.
Officials also handed over a draft agreement on the building of a guarantee mechanism for credit and investment in the development of the bond market in the region.
Vietnam’s representatives briefed the meeting on the country’s preparations for and the agenda of the ASEAN+3 Finance Ministers’ Meeting and the Informal East Asian Finance Ministers’ Meeting, which is slated for May in Tanskent, Uzbekistan, and will be co-chaired by Vietnam.
On April 7, the meeting will hold an un-official session with the 6th ASEAN Central Bank Governors’ Meeting (ACGM 6) in the same city.
ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam./.
The meeting was co-chaired by Vietnamese Deputy Finance Minister Tran Xuan Ha and Chinese Deputy Finance Minister Li Yong.
The meeting discussed regional economic and financial developments and policies as well as long-term cooperation in the field among ASEAN+3 members.
Participants reviewed the progress of regional financial cooperation initiatives, including the Asian Bond Markets Initiative (ABMI) and the Chiang Mai Initiative Multilateralisation (CMIM). They also explored ways to further enhance these initiatives.
Officials also handed over a draft agreement on the building of a guarantee mechanism for credit and investment in the development of the bond market in the region.
Vietnam’s representatives briefed the meeting on the country’s preparations for and the agenda of the ASEAN+3 Finance Ministers’ Meeting and the Informal East Asian Finance Ministers’ Meeting, which is slated for May in Tanskent, Uzbekistan, and will be co-chaired by Vietnam.
On April 7, the meeting will hold an un-official session with the 6th ASEAN Central Bank Governors’ Meeting (ACGM 6) in the same city.
ASEAN groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam./.
