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VIETNAM - VN, UK set to beef up financial cooperation

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VIETNAM - VN, UK set to beef up financial cooperation

Post  lexie on Fri Dec 09, 2011 12:12 pm

December 9, 2011

VN, UK set to beef up financial cooperation

tnamese Finance Minister Vuong Dinh Hue and UK Commercial Secretary to the Treasury James Sassoon discussed measures to boost cooperation during their working session in London on Dec. 8

Hue highly valued cooperation and assistance from the UK Treasury, which provided Vietnam nearly 10 million USD in non-refundable aid to carry out a project to reform public finance management and other projects in the financial field.

The minister said that Vietnam expects to receive more assistance from the UK government and the Treasury in finance, sharing experience in public debt management, encouraging the flow of UK investment in Vietnam, providing technical assistance for economic restructuring, and implementing the investment model of public-private partnership (PPP).

Sassoon praised Vietnam ’s efforts in overcoming economic difficulties as well as its measures to improve policies and restructure the economy.

He also pledged to continue stepping up close relations with Vietnam , accelerate the performance of signed projects and increase the exchange of information and technical assistance in the coming time.

Earlier, Minister Hue also had a working session with Chief Executive of the Association of Chartered Certified Accountants (ACCA) Hellen Brand.

Minister Hue praised ACCA’s contributions to training personnel for Vietnam ’s audit and accounting sectors. He also expressed his wish to receive more assistance from ACCA in the years to come.

Hellen Brand said cooperative relations between ACCA and Vietnam are enjoying favourable conditions, adding that and ACCA is ready to assist and share experience with Vietnam, particularly the Finance Minister in the future.


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