Vietnam welcomes advice from leading Swiss financial experts that will help improve the country’s monetary and financial supervisory system.

Deputy Prime Minister Vu Van Ninh made the remarks in Hanoi on December 4 when he received Daniel Zuberbuchler, former Vice Chairman of the Board of Directors of the Swiss Financial Market Supervisory Authority, FINMA, Daniel Patrick Senn, Head of Financial Services of the Global Audit Group (KPMG) and Swiss ambassador to Vietnam, Andrej Motyl.

Ninh said that Vietnam is seeking international experience to help build a financial supervisory model that is applicable to the country’s situation.

Sharing their experience of monitoring Swiss banks, the guests agreed that any national finance supervisory agency should make assessments independently so that it is able to issue early risk warnings so effective preventive measures can be taken.

They hope to continue in-depth research of Vietnam’s financial system and generate suitable proposals for a modern financial supervisory system that meets international standards.-VNA