Vietnam, UK sign MoU on financial cooperation

Vietnamese Ministry of Finance and the Foreign and Commonwealth Office of the United Kingdom of Great Britain and Northern Ireland signed a Memorandum of Understanding (MoU) to strengthen technical cooperation in the area of economic and public finance governance on February 27.

Vuong Dinh Hue, Minister of Finance and Dr. Antony Stokes, UK Ambassador to Vietnam signed the MoU.

The MoU covers five areas of cooperation such as public debt management, Public Private Partnership in public management, financial regulations and financial market (securities, insurance and bonds), macro-economic stabilization, sovereign credit rating.

Both sides will make study tours of financial officials to exchange experience, organize workshops, and short training courses in either Vietnam or the UK, share economic analysis reports, and exchange information and materials on issues of mutual concern.

This Memorandum of Understanding will come into effect on the date of signature and remain effective for a period of three years.

By H. My - Translated by Anh Quan

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