Ministry of Finance expects to closely cooperate with JICA

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Minister Dinh Tien Dung and JICA Vietnam members .

At the meeting, Minister Dinh Tien Dung affirmed that Vietnam’s Ministry of Finance of Vietnam always highly appreciated Japan's support to Vietnam in general, especially to the Ministry of Finance in particular. Over the past time, Japan has always been the leading non-refundable ODA donorto Vietnam. This is one of the largest and earliest funding sources of international aids.

Specifically, from 1993 up to now, the Japanese has provided aids worth over US$ 56 million through the implementation of technical assistance programs and projects to carry out important tasks of public financial management reform to improve capacity in the field of taxation; Customs administrative reform and modernization and perfected policy proposals to restructure state-owned enterprises.

Minister Dinh Tien Dung asserted that the Ministry of Finance appreciated and acknowledged the contributions of Mr. Yasuo Fujita,JICA Vietnam former Representativeduring his past term, providing positive support to Vietnam in general and Ministry of Finance in particular.

Welcoming Mr. Tetsuo Konaka, JICA Vietnam new Representative, who has started to hold the position from March 2018, Mr. Dinh Tien Dung expected Mr. Tetsuo Konaka to continue the success and goods results in cooperation between JICA and Vietnam as well as Ministry of Finance.

Regarding the proposals and commitments of JICA Vietnam on continuing to strengthen cooperation and support for projects to improve human resources, institutional reform and prevention of climate change damaging to the environment, through Japan's ODA fund to Vietnam, especially in the fields of taxation, Customs and public debt management. Minister Dinh Tien Dung noted that the focus of finance reform in the current period was budget restructure, public debt management, administrative reform and modernization of the financial sector.

Currently, the Ministry of Finance is preparing to amend the Law on Tax Administration, the Law on management and use of state capital invested in production and business. Apart from focusing on some solutions such as enhancing the efficiency of financial policy and law development, ensuring the adequacy, timeliness and uniformity in line with practical requirements set out in the socio-economic development of the country and international integration.

"These are the focal points that the finance sector needs to focus on, and at the same time focusing on cooperation with international organizations in the coming time. Therefore, the Ministry of Finance is looking forward to JICA's attention and support to these fields, " MinisterDinh Tien Dung emphasized.

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Finally, Minister Dinh Tien Dung hoped that Japanese Government would continue to study and coordinate with Vietnam to enhance bilateral cooperation in potential fields and raise the efficiency of the use of the fund and bring practical benefits to Vietnam and Japan.