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Evaluating the progress of implementing the ASEAN monetary - financial integration roadmap

19:16 | 27/09/2020

VCN – The Ministry of Finance worked with the State Bank of Vietnam to organise the press conference on the conference of Minister of Finance and Governor of the Central Bank of ASEAN 2020 and related conferences.

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scene of the press conference

In 2020, Vietnam was honoured to hold the role of ASEAN Chair. The Ministry of Finance and the State Bank of Vietnam co-chaired the Meeting Process of the Ministers of Finance and the Governor of the Central Bank of ASEAN, working with ASEAN member countries to implement financial cooperation activities and bank of the year.

Attached to the ASEAN national theme of Vietnam in 2020 is "ASEAN cohesion and proactively adapt", in the Meeting Process of the Ministers of Finance and the Governor of the Central Bank of ASEAN, the Ministry of Finance and the State Bank of Vietnam proposed two priority initiatives, namely "Sustainable Finance in ASEAN" and "Promoting regional payment connectivity".

According to the cooperation process approved by the ASEAN National Committee 2020, the sixth Conference of the Finance Ministers and the Governor of the Central Bank of ASEAN and related conferences would be held in the online form on October 1st and 2nd.

Finance Minister Dinh Tien Dung and Governor of the State Bank of Vietnam Le Minh Hung chaired the Conference from the International Conference Center (ICC) in Hanoi. This is the most important event of the Process Conference of the Finance Ministers and the Governor of ASEAN Central Bank.

At the press conference, Hoang Dieu Linh - Deputy Director of International Cooperation Department - Ministry of Finance said the ministers of finance and the Governor of the ASEAN Central Bank would consider and evaluate progress of implementing the roadmap for ASEAN financial-monetary integration and initiatives under the framework of the Process Conference of Ministers of Finance and the Governor of ASEAN Central Bank during the year.

The conference will also have discussion sessions with leaders of international financial institutions on the global and regional macroeconomic situation, opportunities and challenges, as well as policy solutions for countries to cope with the impact of the pandemic and restore regional economic growth.

At the end of the meeting, the ministers and the Governor of the ASEAN Central Bank will issue a Joint Statement of the Conference expressing their views on international and regional issues, updating the results of financial and banking cooperation and giving directives for upcoming cooperation activities.

Besides that, other important events will take place within the framework of ASEAN banking and financial cooperation, including the 24th ASEAN Finance Ministers Meeting, the 16th ASEAN Central Bank Governor Meeting and the Meeting of Deputy Finance Minister and Central Bank Deputy Governor.

Outside the conference, ministers of finance and the Governor of the ASEAN Central Bank will have a dialogue session with the business community, including the ASEAN business community, the ASEAN-EU business community and the ASEAN - US business community.

The deputy finance ministers and the Deputy Governor of the ASEAN Central Bank will also hold discussions with the US Deputy Finance Minister on issues of mutual concern.

By Hồng Vân/Thanh Thuy