MoF deploys 6 key tasks in economic diplomacy work

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The Ministry of Finance will proactively participate and improve the effectiveness of financial cooperation activities in regional and multilateral financial cooperation processes.

Accordingly, the Ministry of Finance requires its units to proactively follow the tasks assigned by the Government in Resolution No. 21/NQ-CP, the direction of the Ministry's leader and the tasks assigned in the Action Plan attached to this Decision; specify implementation steps and ways according to plan for work contents under their charge.

In Decision No. 1934/QD-BTC, the Ministry of Finance clearly states 6 important tasks to in the economic diplomacy work to serve national development until 2030, including: communication, awareness raising, sense of responsibility and capacity of officials to carry out economic diplomacy work; continue to expand and deepen relations and create intertwined economic interests with bilateral and multilateral partners; improve the quality and effectiveness of international economic integration, contributing to the implementation of the Socio-Economic Development Strategy 2021 - 2030; strengthen activities to attract external resources to serve socio-economic development; build economic diplomacy to serve development, focusing on people, localities and businesses; speed up research and consulting work.

Specifically, from 2023 to 2026, the Ministry of Finance will proactively participate and improve the effectiveness of financial cooperation activities in regional and multilateral financial cooperation processes such as ASEAN, ASEAN+3, and APEC, V20, ASEM, sub-regional cooperation; deploy bilateral financial cooperation activities with important, traditional partners and comprehensive strategic partners; advise and propose policies to participate and promote Vietnam's role in new financial cooperation mechanisms/initiatives, in accordance with Vietnam's interests.

To improve the quality and effectiveness of international economic integration, the Ministry of Finance will closely follow developments in the global financial situation, trends in bilateral, regional and international financial cooperation, and policy adjustments of countries; review and complete the legal framework and system of legal documents to implement integration commitments in the financial sector in free trade agreements (FTAs) and bilateral trade agreements and WTO…

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At the same time, the Ministry of Finance will strengthen policy dialogue to improve reliability in financial cooperation partnerships and attract external resources; strengthen activities to attract preferential green finance from partner countries, international organizations, and donors on the principle of national financial security and public debt safety; mobilize, receive and effectively manage technical support activities/programs from partners for the Ministry of Finance.