At the coming 6th ASEAN Central Bank Governors and Finance Ministers’ Meeting, the Central Bank Governors and Finance Ministers will review and evaluate the implementation of the Roadmap for Monetary and Financial Integration in ASEAN, and the initiatives under ASEAN financial cooperation framework in 2020. This information was announced by representatives of the State Bank of Vietnam (SBV) and the Ministry of Finance at a press conference in the afternoon of September 24, 2020 in Hanoi.
In 2020, Vietnam is honored to assume the role of ASEAN Chair. Accordingly, the SBV and the Ministry of Finance are assigned as co-Chairs of the ASEAN Central Bank Governors and Finance Ministers’ Process, coordinating with other ASEAN member states in implementing the banking and financial cooperation activities during this year. Following the ASEAN 2020 theme of "A Cohesive and Responsive ASEAN", the SBV and the Ministry of Finance have proposed two priority initiatives, namely "Sustainable finance in ASEAN" and "Promoting regional payment connectivity".
According to the cooperation framework approved by the National ASEAN 2020 Committee, the 6th ASEAN Central Bank Governors and Finance Ministers’ Meeting and the related meetings will be organized in virtual format on October 1-2, 2020. SBV Governor Le Minh Hung and Minister of Finance Dinh Tien Dzung will co-chair the Meeting from the International Convention Center at No.11 Le Hong Phong Street, Hanoi. This is the most important event in the ASEAN Central Bank Governors and Finance Ministers’ Process in 2020.
Mrs. Hoang Thi Phuong Hanh, Deputy Director General of the SBV International Cooperation Department, answered the correspondents' questions at the press conference
The Meeting will include a Panel Discussion Session with several leaders of the international financial institutions on the global and regional macroeconomic developments, opportunities and challenges, as well as policy measures to respond to the Covid-19 pandemic, and to recover the economic growth in the region. Toward the end of the Meeting, the Governors and the Finance Ministers will adopt a Joint Statement expressing their perspectives on the international and regional issues, updating the outcomes of ASEAN financial and banking cooperation, and giving directions for upcoming cooperation activities.
In addition, other important meetings under ASEAN banking and financial cooperation framework will also take place, including the 16th ASEAN Central Bank Governors’ Meeting, the 24th ASEAN Finance Ministers’ Meeting, and the ASEAN Finance and Central Bank Deputies’ Meeting. On the sidelines of the meetings, ASEAN Central Bank Governors and Finance Ministers will hold a dialogue with the business communities, including the ASEAN Business Advisory Council, the EU-ASEAN Business Council, and US-ASEAN Business Council. The ASEAN Finance and Central Bank Deputies will also have a discussion session with the Deputy Secretary of the US Treasury on some matters of mutual interest./.
VA