The State Bank of Vietnam (SBV) held the Year-End Meeting with representatives of international financial and foreign credit institutions in Hanoi on December 16.
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The meeting was attended by members of the SBV Management Board, leaders of SBV departments and entities, representatives of international financial institutions including the World Bank (WB), the International Monetary Fund (IMF), the Asian Development Bank (ADB), foreign credit institutions in Vietnam and foreign specialists.
Addressing at the year-end party, Deputy Governor Nguyen Thi Hong stated that in 2015, Vietnam economic condition has made positive steps towards the targeted direction in most sectors and attained significant achievements. The year 2015 also observes significant results of the Banking Restructuring Plan. Internationally, Viet Nam has just concluded the negotiations of important free trade agreements with various regions and countries, marking the accelerated integration of the Country into the global economy. Overall, the achievements in 2015 will lay a strong foundation for Viet Nam to enter a new stage of socio-economic development for 2016 – 2020 period.
In addition, she stressed that in 2015, the banking sector has accomplished many important tasks. The SBV has managed monetary policy in an active and flexible manner in close collaboration with fiscal policy and other macro policies in order to proactively curb the inflation, ensure macro - economic stability, promote economic growth and support the market development to improve the capital mobilization for development and investment.
On behalf of the SBV Management Board, the Deputy Governor highly appreciated valuable support from international financial institutions such as WB, IMF, ADB, and bilateral and multilateral donors and foreign credit institutions for the Vietnamese Government in general and the SBV in particular. The SBV acknowledged and highlighted the importance and efficiency of the policy dialogue and advice from international financial institutions in the process of improving the legal framework and policy regulation. In the coming time, the SBV will continue to cooperate and closely coordinate with foreign partners in the implementation of programs, projects and the completion of legal framework for banking operations with the aim of creating favorable investment environment in accordance with international standards for foreign credit institutions in Vietnam.
The Deputy Governor expressed her hope that international financial and foreign credit institutions in Vietnam will continue to accompany and support for the banking sector, thereby contributing to the stable development of financial market and the economy. She also took this occasion to extend her warmest regards and best wishes for Merry Christmas and a Happy New Year full of happiness, prosperity and success to all the attendees.
The international financial and foreign credit institutions in Vietnam congratulated on achievements Vietnam obtained in socio-economic development over the past time. At the same time, they highly appreciated the effectiveness of measures Vietnamese Government and the SBV have conducted in the process of curbing inflation, stabilizing macro-economy, ensuring social protection and maintaining economic growth. They asserted to continue accompanying and cooperating with Vietnam in socio-economic development.
TLH