Initiatives proposed to develop sustainable financial policies
The Vietnam Finance Forum 2023 themed “Financial Policies to Overcome Challenges towards Sustainable Development” was held in Quy Nhon city, the central province of Binh Dinh, on November 30.
An overview of Vietnam Finance Forum 2023 (Photo: VNA)
Binh Dinh (VNA) – The Vietnam Finance Forum 2023 themed “FinancialPolicies to Overcome Challenges towards Sustainable Development” was held inQuy Nhon city, the central province of Binh Dinh, on November 30.
The forum, jointly held by the VietnameseMinistry of Finance (MoF), the German Agency for International Cooperation(GIZ), the European Union, and the German Ministry for Economic Cooperation andDevelopment, discussed and proposed initiatives and solutions toimplement major orientations on finance and budget in the coming time,following those approved in the Finance Strategy by 2030.
MoF Deputy Minister Cao Anh Tuan said that financialand budget policies and solutions in recent times have contributed to stabilisingthe macro-economy, controlling inflation, and basically ensuring major balances.The GDP growth reached 5.33% in the third quarter of 2023, and 4.24% in thefirst nine months of this year. The 10-month average consumer price indexincreased by 3.2%. Production and business activities have been restored andare increasingly developing.
Budget spending has prioritised greengrowth, state budget spending for environmental protection becomeincreasingly specific and clear, and public investment for green growth been mainstreamedin investment priorities for industries, sectors, localities and environmentalworks, said Tuan.
Arne Främk, GIZ representative, Team Leader of the “Strengthening PublicFinancial Management in Vietnam” project, highly valued the VietnameseGovernment’s efforts to carry out green growth solutions and facilitate continuouseconomic growth while maintaining a healthy balance and managing environmentalimpacts.
Towards sustainable green growth, shestressed that the energy transition process requires huge financial resources which cannot be met from the Government alone. Therefore, GIZ recommends a fairtransition solution. Budget, public debt and tax management could be afoundation for broader reforms, as well as stimulating investment from theprivate sector.
To help Vietnam grow sustainably, Ngo ThiKim Thu, representative of the European Union Delegation to Vietnam, said thatthe EU Delegation to Vietnam also has programmes and policies to supportVietnam in energy transition.
Currently, the delegation and otherinternational partners have committed to mobilising more than 15 billion USD tosupport Vietnam in its just and sustainable energy transition to achieve itsnet emissions target by 2050./.
Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong and US Secretary of the Treasury Janet L. Yellen had a working session in Hanoi on July 20, pledging to maintain close cooperation between their agencies in the spirit of mutual respect.
The corporate bond market has recovered significantly in recent months after the shocks caused by violations in issuance of several real estate developers.
Prime Minister Pham Minh Chinh has urged greater efforts to promote credit access, thus boosting corporate bond and real estate markets in a safe, healthy and sustainable fashion.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
An overview of Vietnam Finance Forum 2023 (Photo: VNA) 
