Hanoi (VNA) – The Vietnam – Australia financial policy dialogue is taking place in Hanoi on November 27–28 as part of the action plan for implementing the memorandum of understanding (MoU) between the Vietnamese Ministry of Finance and the Australian Treasury for the 2024–2028 period.
In his opening remarks, Duong Hung Cuong, Deputy Director of the ministry’s Department of Debt Management and External Economic Relations, stressed that the event demonstrates both sides' strong commitment to deepening their financial partnership, in line with the countries’ Comprehensive Strategic Partnership.
Vietnam values the experience and strengths of the Australian Treasury in public finance management, from fiscal and economic policies to the creation of a conducive investment environment, from tax administration reform to the development of green and sustainable financial markets, Cuong said, adding Vietnam looks forward to continued exchanges and cooperation with Australia in these areas.
The official expressed his hope that this year’s dialogue will provide an opportunity for experts and policymakers from both countries to engage in deeper discussions, helping improve Vietnam’s public governance quality and management capacity in the field.
Australian Ambassador to Vietnam Gillian Bird affirmed that Australia highly values the dialogue framework, considering it an important platform for the two countries to spur cooperation in economic policymaking, especially amid global economic volatility.
Acknowledging Vietnam’s reform efforts in recent years, from administrative appratus streamlining to the adoption of new resolutions on economic development, she commended its progress in the financial sector, including the upgrade of its stock market from a frontier to a secondary emerging market status by FTSE Russell and the development of credit rating activities following the issuance of Decree 245.
The diplomat highlighted numerous cooperation activities between the two countries' financial bodies, noting that the Aus4Growth programme will continue to accompany Vietnam toward the goal of becoming a high-income country by 2045.
At a session on investment facilitation, Nguyen Thi Thao Linh from the Legal Department of the Ministry of Finance said that although Vietnam has yet to issue a dedicated law on investment facilitation, relevant policies are embedded throughout the legal framework governing investment, from the Law on Investment to the documents guiding its enforcement.
Representatives from both sides exchanged in-depth views on related measures, particularly those aimed at attracting foreign direct investment (FDI). Topics included investment cost structures, the investment climate, and incentive policies currently applied by Australia and Vietnam. The shared experiences and policy recommendations are expected to help both countries strengthen cooperation effectiveness and enhance investment attraction capacity in the future.
Concluding the dialogue, the Vietnamese ministry expressed appreciation for Australia’s constructive inputs and hoped that the two sides wil maintain regular exchanges and promote more substantive collaboration, thereby contributing to economic growth and further consolidating the Comprehensive Strategic Partnership./.
VNA
