The Ministry of Finance (MoF) and the Japan International Cooperation Agency (JICA) today launched a seminar on macro-economic challenges in Hanoi.
This marks the first activity of the renewed Memorandum of Understanding (MoU) between MoF and JICA on capacity development on public finance management this year. According to JICA, the seminar helped explore many questions from public finance managers. Professor Aroyoshi of Hitotshubashi University and Professor Kaizoji of International Christian University gave lectures from international practices.
Also at the seminar, the Japanese professors provided valuable advice for those willing to make further research at universities. “It is getting harder to provide macroeconomic response policies adequately and timely due to the complexity and fluctuation of international and local situations. By sharing international practices and experience from other countries including Japan, we would contribute to the settlement of some urgent needs in public investment and public finance management in Vietnam,” said Motonori Tsuno, chief representative of JICA Vietnam.
Under this framework, the topic of a bubble economy and disposal of non-performing loans from Japan’s experience are highlighted. Besides, industrial revitalisation and tackling a bubble economy have been shared from JICA and other related agencies in donor meetings as well as a seminar in May, this year.
In the 2011 financial year, the MoF and JICA jointly provided training to 92 officials in Vietnam.
The successful outcomes have prompted MoF and JICA to extend their cooperation until March 2013, supporting Vietnam in coping with some urgent needs such as macro-economic stability, SOEs reform and programme management.