The 12th ASEAN Central Bank Governors’ Meeting (ACGM) was held in Vientiane Laos on April 3rd -4th, 2016. The State Bank of Vietnam Delegation led by \nDeputy Governor Nguyen Thi Hong attended the Meeting.
On the sidelines of the event, Central Bank Governors and Finance Ministers held meetings with the EU – ASEAN Business Council and the US – ASEAN Business Council. The leaders congratulated on the establishment of ASEAN Economic Community (AEC) at the end of 2015 and ASEAN Economic Community Blueprint 2025 (AECB) offering regional cooperative guidelines over the next ten years. Concurrently, the Governors approved of the Strategy Action Plan on Asean Monetary and Financial Intergration Framework 2016 – 2025 to boost financial integration, financial inclusion and stability for the region, contributing to support ASEAN macroeconomic stability and growth.
Meanwhile, the progresses of ASEAN financial – monetary integration were acknowledged and highly appreciated in terms of capital market development, liberalisation of financial services and capital, payment system development, banking integration, as well as supportive activities for capacity building among the countries. Besides, the attenders congratulated on the establishment of Working Group on financial inclusion - one of three pillars in financial cooperation within framework of ASEAN Economic Community Blueprint 2025 – for the aim of promoting access to financial services for people in ASEAN region, thus supporting economic growth, reducing poverty and income disparity.
In the policy dialogue session, the Central Bank Governors exchanged their point of view on economic outlook, risks, opportunities as well as challenges in policy formulation and regulation with international organizations as Asian Development Bank (ADB), World Bank (WB), International Monetary Fund (IMF) and ASEAN+3 Macroeconomic Research Office (AMRO). The leaders emphasised the ASEAN growth rate of 4.4% in 2015 despite numerous challenges in global economy, determined to adopt cautious policies to effectively cope with potential risks of slowing down the regional economy; and committed to adopt appropriate monetary and prudent macroeconomic policy to stabilise macroeconomy, and maintain financial stability and sustainable economic growth. The Ministers and Governors agreed to accelerate regional cooperation and integration to improve economic recovery capability and resilience to external shocks and global financial uncertainties.
Alongside 2nd AFMGM, SBV delegation also attended several related meetings including the Second ASEAN Finance Ministers and Central Bank Governors’ Meeting, the ASEAN Central Bank Deputy Governors’ Meeting, the ASEAN Deputy Finance Ministers and Central Bank Deputy Governors’ Meeting and the ASEAN Deputy Finance Ministers and Central Bank Deputy Governors’ Meeting +3.
Thoa Le