The dialogue between finance-banking sectors in ASEAN and the U.S. Department of the Treasury is an annual event considered important for sharing information and views on finance-banking and helping relevant parties effectively coordinate macro-economic policies.

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At the online meeting (Screen captured)

Participants discussed several issues of regional and global concern, including economic policies in response to COVID-19, the transparency of public debt and financial management, and finance for infrastructure development.

They shared the view that as the global economy is facing an array of difficulties and challenges, close bilateral and regional cooperation among countries’ finance-banking agencies has a crucial role to play.

Deputy Minister of Finance Tran Xuan Ha delivered a speech on Vietnam’s financial policy in the face of the COVID-19 pandemic, along with key measures to help people and businesses overcome the crisis period, in order to realise the twin targets of containing the outbreak and promoting economic development.

He also noted the country’s views on public debt management and finance for infrastructure development.

Meanwhile, Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong said that as economies are largely dependent upon one another, the pandemic’s impacts on global socio-economic development, including in ASEAN and the U.S., become even more serious and complex.

However, finance ministries and central banks have taken swift and timely actions to sustain financial and macro-economic stability, she added.

Source: VNA