The Ministry of Finance of Vietnam and the Treasury of New Zealand signed a Memorandum of Understanding (MoU) outlining future financial cooperation at a ceremony in Hanoi on July 23.
The Ministry of Finance of Vietnam and the Treasury of New Zealand sign a Memorandum of Understanding (MoU) outlining future financial cooperation on July 23.
The document was inked by NZ Ambassador to Vietnam Wendy Matthews along with Deputy Minister of Finance Tran Xuan Ha.
Moving forward, the MoU looks set to play an important role in organising and materialising cooperation activities between both the Ministry of Finance of Vietnam and the Treasury of New Zealand. It is expected to enhance the efficiency of collaboration and boost technical assistance between the two countries.
In addition, the MoU will serve to increase bilateral cooperation in a number of relevant areas of mutual interest, including budget and fiscal management, debt management, tax policy, macroeconomic stability, and other economic-financial issues.
With great strength in these areas, New Zealand is capable of supporting Vietnam in researching, developing, and implementing policies, said the NZ ambassador.
The MoU is of paramount importance as the two countries agreed to lift their comprehensive partnership to strategic partnership during virtual talks between their Prime Ministers on July 22.
VOV
