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 VIETNAM Governor Nguyen Van Binh meets with delegation of IMF/WB Financial Sector Assessment

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PostSubject: VIETNAM Governor Nguyen Van Binh meets with delegation of IMF/WB Financial Sector Assessment   Sat Jul 28, 2012 5:44 pm

Governor Nguyen Van Binh meets with delegation of IMF/WB Financial Sector Assessment

Governor Nguyen Van Binh of the State Bank of Vietnam (SBV) had a meeting with the delegation of IMF/WB Financial Sector Assessment jointly led by Mr. Roberto Rocha and A.Javier Hamann on July 26.

Governor Nguyen Van Binh welcomed the working visit of the delegation of the IMF/WB Financial Sector Assessment Program jointly led by Mr. Roberto Rocha and Mr A. Javier Hamann. He also expressed his confidence that the visit of the delegation would contribute to further promoting the comprehensive cooperation between Vietnam and WB/IMF in the banking-finance sector. He asserted that the Government of Vietnam highly appreciated the role and significance of the implementation of the FSAP for the reform of Vietnam's economy. The implementation of this program, he added, is desirable and committed to promoting the strong development by the Vietnamese government.
In addition, the Governor informed that currently Vietnam has been actively implementing the Socio-Economic Development Strategy in the 2011-2015 period and the Socio-Economic Development Strategy until 2020 in accordance with Resolution No. 01/NQ-CP of the Government dated January 3, 2012. Accordingly, he said, Vietnam focuses on the economic restructuring with three main tasks, including the restructuring of public sector investment, the restructuring of the financial sector and the restructuring of the enterprise system.

Talking about the implementation of FSAP, especially the scope of the FSAP in Vietnam, the Governor said that five key areas that should be focused on include the banking sector, capital market, insurance activities, business system (mainly the state-owned enterprises) and the real estate market, so that FSAP will effectively contribute to the development of Vietnam.

Mr. Roberto Rocha, Representative of the WB/IMF delegation expressed his wish that FSAP would be implemented with the active support of Vietnam in general and SBV in particular. Mr.Roberto Rocha also reflected his hope that the FSAP implementation would bring practical results to Vietnam, and further strengthen the cooperative relationship between WB/IMF and Vietnam in general, and SBV in particular


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VIETNAM Governor Nguyen Van Binh meets with delegation of IMF/WB Financial Sector Assessment
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