On March 15th, 2019, in Hanoi, the 5th Advisory Committee Meeting of the IMF’s Capacity Development Office in Thailand (CDOT – IMF), co-organized by the State Bank of Vietnam (SBV) and the International Monetary Fund (IMF), was officially launched. SBV Deputy Governor Doan Thai Son chaired the Meeting.
Also participating in the Meeting, on the Vietnamese side, there were representatives from the SBV Departments such as the Banking Supervision Agency, the Monetary Policy Department, the Monetary Forecasting & Statistics Department, the Foreign Exchange Management Department, the Monetary & Financial Stabilization Department, the Human Resources Department, the International Cooperation Department,... and other Vietnamese ministries such as the Ministry of Planning and Investment, the Ministry of Finance, the Central Economic Commission,... On the international side there were representatives of the functional departments of the IMF, the IMF Offices and the IMF Regional Training Institute, as well as several diplomatic missions and embassies in Vietnam.
On behalf of the SBV Board of Management, Deputy Governor Doan Thai Son welcomed and extended his best greetings to the delegates, guests, and representatives from the central banks, the ministries of finance from different countries, representatives of the diplomatic missions, the international organizations, and representatives of Vietnamese government agencies.
SBV Deputy Governor Doan Thai Son presides over the Meeting
“This is the first time Vietnam is honored to host this important CDOT annual event. The cooperation on technical assistance, training and capacity building between Vietnam as well as other beneficial countries with the IMF in general, and the CDOT in particular have brought about substantially positive results,” said the SBV Deputy Governor. The SBV highly appreciates the support from the IMF and the Governments of Japan and Thailand, as well as the CDOT for the operations and projects in the regional countries, including Vietnam. The sponsored operations and projects have been on a large scope, focusing mainly on capacity building in the areas of statistics, macro-economic management, public financial management, monetary and banking management, and have all received high evaluation regarding the experts’ know-how and high practicality, which can support significantly the policy analysis, forecasting, planning and policy management in Vietnam.
At the Meeting, the delegates from Thailand, Cambodia, Malaysia, Indonesia,... exchanged and discussed in groups with the international experts on the substances of (i) Public financial management (roles, issues, challenges, progress on the proper application of accounting and auditing standards and practices, financial management information systems and fiscal reporting frameworks to promote better budget preparation and execution as well as better management of cash and debts); (ii) Macroeconomic statistics (roles, issues, challenges, progress, building robust collection/data complication frameworks, promoting data-sharing and dissemination to support decision-making and strengthening macro-analysis and surveillance); and (iii) Macro-financial analysis, management and policy operations (on the development of frameworks, instruments and deepening financial market to ensure macro-financial stability; macroeconomic frameworks development and forecasting tools to strengthen understandings of macro-financial linkages and risks...).
The Meeting was a forum for delegates to discuss, share their assessments and experience on the development and implementation of technical assistance projects, as well as the needs in the future. Thereby, the parties could well coordinate the work, expertise and the funding resources in order to strengthen the countries’ capacity towards sustainable development, and financial and monetary stability.
VA – DK