Financial cooperation between Vietnam and Cuba promoted

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The Minister of Finance, Mr. Dinh Tien Dung and the delegation of the Ministry of Finance and Pricing of Cuba. Photo: TL.

At the meeting, the Minister of Finance, Mr. Dinh Tien Dung appreciated the achievements of the Cuban Communist Party and people in the process of building and developing the country and particularly the process of "application of the economic model" that the Party, the State and the Government of Cuba is implementing and focusing on administrative reform and legal development to attract investment from abroad.

Mr. Dinh Tien Dung also appreciated the cooperation of the Ministry of Finance and Pricing of Cuba and the Cuba Embassy in Hanoi in promoting cooperation between the Ministries of Finance of the two countries in recent years, especially after the memorandum of cooperation was signed in September 2015 on a business trip by the Minister of Finance and Pricing of Cuba to Vietnam.

Specifically, on this occasion, the delegation from the Ministry of Finance and Pricing of Cuba has been working with the State Treasury of Vietnam. The Minister of Finance, Mr. Dinh Tien Dung expressed his support for intensive cooperation programs in the field of Treasury and Treasury management and expected that the cooperation program will continue to be implemented effectively. The Ministry of Finance and Pricing of Cuba has been building a scheme to submit to the Government of Cuba to establish a Treasury system in the near future. Therefore, the Ministry of Finance and Pricing of Cuba has desired that the Treasury cooperation programs between the two countries will be carried out effectively, supporting the Ministry of Finance and Pricing of Cuba in the process of building the above scheme.

In response to the reception of the Ministry of Finance, Mr. Jesus Rogelio Matos Alem expressed his thanks for the enthusiasm of the Ministry of Finance and the State Treasury of Vietnam. Mr. Alem also appreciated the companionship of Vietnam in the support of Cuba in recent times and pledged to support Vietnam during the country's economic development.

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In addition to the intensive cooperation programs in the field of Treasury, the Minister of Finance, Mr. Dinh Tien Dung expressed his support for the programs of cooperation in the different fields that the Ministries of the two countries have agreed in the Memorandum of Understanding including tax management, the inspection system, the management of the State budget and local budget, and experiences of Vietnam in the construction and management of the bond and stock market.