Vietnamese and foreign experts met in Hanoi on July 2 to share experiences in management and supervision of public financial, public debt in the Europe and implication with Vietnam.
Vietnamese delegates heard about debt situations at alarm levels in many economies in the world, which were described as messages of immeasurable impacts caused by over expenses in many countries.
Peter Charleton, experts from the Central Bank and Financial Service Authority of Ireland said that there have never seen a fiscal or debt crisis in Vietnam as the country has capability to develop quickly, but the threatening for continuous development may appear from inside the economy or the weaknesses of the banking sector.
According to Le Xuan Nghia, Deputy Chairman of the National Financial Supervision Committee, the European debt crisis will make the impacts on Vietnam ’s development. It will affect enterprises, exports and foreign direct investment.
Nghia further said that, to mitigate those impacts, Vietnam needs to closely examine the increase and effectiveness of using public debt by controlling state budget deficit and giving out policies on mobilising and using of public debt./.
Vietnamese delegates heard about debt situations at alarm levels in many economies in the world, which were described as messages of immeasurable impacts caused by over expenses in many countries.
Peter Charleton, experts from the Central Bank and Financial Service Authority of Ireland said that there have never seen a fiscal or debt crisis in Vietnam as the country has capability to develop quickly, but the threatening for continuous development may appear from inside the economy or the weaknesses of the banking sector.
According to Le Xuan Nghia, Deputy Chairman of the National Financial Supervision Committee, the European debt crisis will make the impacts on Vietnam ’s development. It will affect enterprises, exports and foreign direct investment.
Nghia further said that, to mitigate those impacts, Vietnam needs to closely examine the increase and effectiveness of using public debt by controlling state budget deficit and giving out policies on mobilising and using of public debt./.
