Promoting cooperation between the Ministry of Finance of Vietnam and IFAD

12:02 | 17/06/2022 Finance Follow english.haiquanonline.com.vn on

VCN - Deputy Minister of Finance Ta Anh Tuan had a meeting with the delegation of the International Fund for Agricultural Development (IFAD) on June 14. The delegation was led by Mrs. Reehana Rifat Raza, the new Regional Director of the Asia-Pacific Division.

Scene of the meeting

At the meeting, welcoming Mrs. Reehana Rifat Raza to accept her new assignment as IFAD's Regional Director for Asia - Pacific in Vietnam, Deputy Minister Ta Anh Tuan wished and suggested Mrs. Reehana Rifat Raza continue supporting Vietnam in mobilizing new loans and supporting projects to accomplish goals.

The Ministry of Finance highly appreciated IFAD's role in supporting Vietnam over the past 29 years. The Deputy Minister said that IFAD's borrowed capital and aid have added valuable resources for Vietnam in economic and social development, especially in the fields of agriculture and rural development.

Accordingly, IFAD's projects have proven their effectiveness when IFAD evaluated Vietnam as one of the successful case studies on poverty reduction, agricultural and rural development.

In the period when Vietnam completely switched to borrowing without preferential loan conditions, to help Vietnam to take advantage of IFAD’s borrowed capital and use loans most effectively, Deputy Minister Ta Anh Tuan wished that the two sides must jointly identify new and more appropriate cooperation directions, reducing the loan approval procedures from both parties.

The Ministry of Finance expected IFAD to cooperate with the Ministry of Finance to study reasonable loan conditions to reduce borrowing costs and marginal interest rates. At the same time, the Ministry of Finance hoped that IFAD would continue to support Vietnam in finding aid sources and co-financing IFAD's projects for the fields with low capital recovery such as agriculture, rural development, and response to climate change in vulnerable areas.

Speaking at the meeting, Mrs. Reehana Rifat Raza thanked Deputy Minister Ta Anh Tuan and officials of the Ministry of Finance for taking the time to meet and clarify the cooperation proposals, programs and projects between the two sides.

At the same time, she hoped that the contents that are concerned by the Ministry of Finance of Vietnam would be openly discussed and clarified by the two sides.

By Hoài Anh/Thanh Thuy

Tags:

Related News

Businesses can choose a suitable electronic invoice model generated from the cash register

14:18 | 25/10/2024 Finance

VCN - The Ministry of Finance said that individual business households can choose a suitable model to apply electronic invoice solutions from cash registers, depending on the number of invoices used in the year, in the month and the current status of software solutions and technical infrastructure.

Rush to finalize draft decree on public asset restructuring

09:28 | 29/10/2024 Finance

VCN - According to the Ministry of Finance, the draft Decree regulating the rearrangement and handling of public assets is being urgently completed by the Ministry of Finance to submit to the Government for promulgation.

Ministry of Finance proposes to choose the option of reducing land rent by 30% in 2024

15:29 | 20/10/2024 Regulations

VCN - The Ministry of Finance has just completed the draft Decree of the Government regulating the reduction of land rent in 2024. Accordingly, in the latest Draft, the Ministry of Finance directly proposed to choose the reduction level according to option 2 of 30%.

Amendment of Special Preferential Import and Export Tariff Schedule to Implement CPTPP Agreement for the 2022-2027 Period

14:20 | 09/10/2024 Regulations

VCN - The Ministry of Finance is drafting a decree amending and supplementing a number of articles of Decree No. 115/2022/ND-CP dated December 30, 2022 of the Government promulgating Vietnam's preferential export tariff schedule and special preferential import tariff schedule to implement the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for the 2022-2027 period. The Decree is expected to take effect from the date of signing.

Latest News

M&A activities show signs of recovery

13:28 | 04/11/2024 Finance

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.

Fiscal policy needs to return to normal state in new period

09:54 | 04/11/2024 Finance

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there are still difficulties, the economy is gradually returning to a high growth trajectory. In that context, it is necessary to let fiscal policy return to normal state.

Ensuring national public debt safety in 2024

17:33 | 03/11/2024 Finance

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ceiling and safety threshold approved by the National Assembly, ensuring national financial security, increasing proactive response to risks arising from external and internal causes of the economy.

Removing many bottlenecks in regular spending to purchase assets and equipment

07:14 | 03/11/2024 Finance

VCN - Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment; renovating, upgrading, expanding, and constructing new construction items in projects that have been invested in and constructed in the past.

More News

Continue to handle cross-ownership in banks

10:35 | 02/11/2024 Finance

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.

Striving for average CPI not to exceed 4%

16:41 | 01/11/2024 Finance

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3.92%.

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

16:39 | 01/11/2024 Finance

VCN - Discussing in groups about the project "1 law amending 7 laws" in the financial sector according to the program of the 8th Session on October 29, 2024, National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...

Removing difficulties in public investment disbursement

09:30 | 31/10/2024 Finance

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigned by the Prime Minister.

State-owned commercial banking sector performs optimistic growth, but more capital in need

09:28 | 31/10/2024 Finance

VCN - According to the report sent to the National Assembly before the 8th Session of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

09:29 | 29/10/2024 Finance

VCN - The Ministry of Finance (MOF) gathers feedback on the draft Circular regulating the management and use of accounts of the State Treasury opened at the State Bank of Vietnam (SBV) and commercial banks.

Inspection report on gold trading activities being complied: SBV

14:37 | 28/10/2024 Finance

The State Bank of Vietnam (SBV) has announced that inspections on compliance with legal policies in gold trading activities of credit institutions and gold trading businesses have been completed and an inspection report is being compiled.

Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

10:45 | 28/10/2024 Finance

VCN -The Government estimates that state budget revenue in 2024 will exceed VND 172.3 trillion, up 10.1% over the estimate, of which tax and fee revenue will reach 13.1% of GDP.

Ensure timely and effective management and use of public asset

11:31 | 27/10/2024 Finance

VCN – In order to promptly and effectively implement public asset management and use, ensuring compliance with legal regulations, the Ministry of Finance has just issued an official dispatch requesting ministries, branches and localities to comply with regulations in the Government’s Decree No. 114/2024/ND-CP dated September 15, 2024.

Your care

Latest Most read