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| Vu Nhu Thang, Acting Vice Chairman of the National Financial Supervisory Commission, speaks at the conference__Photo: VNA |
The National Financial Supervisory Commission, in collaboration with the Korea International Cooperation Agency (KOICA), organized an international conference themed “Vietnam’s financial market: Perspectives and policy orientations” in the south-central province of Ninh Thuan on December 12.
This is part of the activities under the KOICA-funded Project for Strengthening Financial Sector Early Warning and Contingency Management Capacity in Vietnam.
In his opening remarks, Vu Nhu Thang, Acting Vice Chairman of the National Financial Supervisory Commission emphasized that the conference aims to identify risks, outline opportunities, and establish guidelines to ensure the stable development of the financial market. Key topics include the global economy and its impacts on Vietnam’s economy, and prospects for the financial market in 2025.
This contributes to enhancing the capacity of the commission, to better fulfill its role in providing recommendations to the Prime Minister on the macroeconomy and the financial market, he added.
Jung Jae Woo, Deputy Director of KOICA Vietnam Office, said that Vietnam is emerging as a significant driver of an innovative and stable economy in the region and the world.
Jung highlighted the importance of early detection of financial difficulties in the national economy and response measures, adding that the KOICA-funded project aims to identify crises in a rapidly changing global economy, forecast trends, and prepare countermeasures.
According to experts, despite facing global headwinds, Vietnam's financial market should remain in positive territory this year.
Reforms in the legal framework, the gradual recovery of the real estate sector, and prospects for macroeconomic stability will serve as key drivers, strengthening the market's resilience against global fluctuations, said participants.- (VNA/VLLF)
