Vietnam attends ASEAN Finance Ministers & Central Bank Governors Meeting
Deputy Minister of Finance Vo Thanh Hung highlighted Vietnam’s flexible monetary policy management in an effort to promote consumption, investment and business while addressing the 10th ASEAN Finance Ministers and Central Bank Governors Meeting (AFMGM) which was held in Indonesia on August 24 and 25.
The 10th AFMGM approves a joint statement, pledging to further tighten the solidarity and cooperation for the common goal of building a strong, united and self-reliant ASEAN Community. (Photo: VNA)
Jakarta (VNA) – Deputy Minister of FinanceVo Thanh Hung highlighted Vietnam’s flexible monetary policy management in aneffort to promote consumption, investment and business while addressing the 10thASEAN Finance Ministers and Central Bank Governors Meeting (AFMGM) which was held inIndonesia on August 24 and 25.
The Vietnamese Government has taken strong measures torecover economic growth, he said, elaborating on the country’s socio-economicrecovery and development programme, and the exemption, reduction and extensionof payment deadlines of land-related taxes and fees, interest rate support forbusinesses and households, and public investment promotion.
At the same time, the country has consolidated its institutionsand strived to ensure a transparent environment to lure more investors, hecontinued.
The official also stressed Vietnam’s contributions tofinancial cooperation of the Association of Southeast Asian Nations (ASEAN), notablythe 26th ASEAN Insurance Regulators' Meeting (AIRM) to be held in HaLong city in the northern province of Quang Ninh from December 5-8.
Delegates, including representatives frominternational organisations, looked into the regional and global economic andfinancial situation, and took note of the ten-member group's economicrecovery, which has contributed to global economic growth.
They also stressed the need for the bloc to consolidatemacro policies and flexibly use policy tools to achieve growth targets andmaintain economic stability.
The 10th AFMGM approved a joint statement, pledging to further tighten the solidarity and cooperation for the common goal of building a strong, united and self-reliant ASEAN Community./.
The 17th ASEAN Ministerial Meeting on Environment (AMME 17) and related meetings have agreed to prioritise the strengthening of regional cooperation in climate change response, biodiversity conservation, plastic waste pollution, and sustainable urban development.
Deputy Minister of Finance Vo Thanh Hung, who led a Vietnamese delegation to the 10th ASEAN Finance Ministers and Central Bank Governors’ Meeting (AFMGM) held in Jakarta, said that Vietnam has actively participated in the ASEAN financial cooperation process since 1995.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
The 10th AFMGM approves a joint statement, pledging to further tighten the solidarity and cooperation for the common goal of building a strong, united and self-reliant ASEAN Community. (Photo: VNA) 
