Vietnam Finance Ministry and Korea Ministry of Strategy and Finance cooperate to develop

Vietnam Finance Ministry and Korea Ministry of Strategy and Finance cooperate to develop 16/06/2009 03:03:00 1001

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That is the affirmation of Finance Deputy Minister Do Hoang Anh Tuan at the receiving meeting with working group of Korea Ministry of Strategy and Finance on June 15, 2009, led by Director of Department of International Economy Joo Yong-sik...

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That is the affirmation of Finance Deputy Minister Do Hoang Anh Tuan at the receiving meeting with working group of Korea Ministry of Strategy and Finance on June 15, 2009, led by Director of Department of International Economy Joo Yong-sik.

 

At the meeting, the two sides exchanged contents of the Memorandum of Understanding on cooperation between two Ministries in order to make a signature end of this year. This MOU was proposed by Vietnam Finance Ministry in the working visit with the Korea Ministry of Strategy and Finance in March 2009. At the same time, the two Ministries exchanged about plan of organizing program of cooperation and sharing experiences on public finance management, project on education at Korean Development Institute and program on cooperation of tax and customs.

 

Fields of cooperation mentioned in the MOU include:

-          Macroeconomy analysis and forecast

-          State budget revenue management (tax and customs)

-          State budget expenditure for social securities policy.

-          Financial market control in open economy mechanism.

-          Strengthening international financial cooperation ability.

-          Other unified issues.

 

Director Joo Yong-sik highly appreciates plan and opinions of Deputy Minister Do Hoang Anh Tuan, he hopes that the cooperation relation will open the best mechanism in exchanging information and sharing experiences between the two Ministries.

 

Deputy Finance Minister Do Hoang Anh Tuan said signing of this MOU will simplify procedure of tax and customs, create good business environment for overseas investors in general and Korean investor in particular.

 

E-MoF