Deputy Prime Minister Vuong Dinh Hue has called for more support from Standard Chartered Bank (SCB) to Vietnamese Government agencies during working sessions with international rating organisations in order to make comprehensive and objective assessments of Vietnam’s socio-economic situation.

Deputy Prime Minister Vuong Dinh Hue (right) receiving Nirukt Sapru, Standard Chartered’s CEO in Vietnam

The official made the appeal at a meeting with Nirukt Sapru, Standard Chartered’s CEO in Vietnam and ASEAN and South Asia Cluster Markets, in Hanoi on June 22.

The Deputy PM suggested the bank regularly share with the Vietnamese finance ministry developments of the international financial market as well as global investors’ demands for Vietnamese government bonds, so as to help the country assess advantages and difficulties in accessing the international capital market.

Highly appreciating the SCB’s affiliation in improving professional skills for officials of the Finance Ministry and relevant agencies, Deputy PM Hue called on the bank to share international expertise in macro-economic analysis and forecast, debt sustainability analysis models, debt management methods and financial market development solutions.

For his part, Nirukt Sapru stressed that the term of Vietnamese international bonds is attracting attention on the market, which is an important premise for the next issuance and a condition for mange public debts effectively.

He suggested Vietnam maintain close ties with foreign investors to keep them in the country besides trying to maintain its national credit rating.

The SCB will continue its support to Vietnam through updating and sharing assessments of domestic and international financial markets and other macro-economic issues, he promised.

Source: VNA