Maintaining sustainable economic growth and ensuring financial stability and self-resilience are key goals reached at the 22nd ASEAN Finance Ministers’ Meeting (AFMM-22), the fourth ASEAN Finance Minister and Central Bank Governors’ Meeting (AFMGM-4) and related meetings held in Singapore from April 3-6.
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| Vietnamese Deputy Minister of Finance Tran Xuan Ha |
Speaking at the AFMM-22, Vietnamese Deputy Minister of Finance Tran Xuan Ha described modern and effective infrastructure development as one of the important pillars for Vietnam’s socio-economic development, which is also a common concern of regional countries. Thereby, the regional nations need to build a common plan to devise proper financial solutions, he said.
The finance ministers lauded ASEAN’s progress in banking integration, insurance, capital market and wished that member states will sign the eighth Package of Commitments later this year.
The meeting took note of efforts to develop the regional capital market by strengthening capacity and carrying out initiatives such as amending the ASEAN Collective Investment Scheme, issuing ASEAN Green Bond standards, piloting the connectivity of securities markets, opening a portal on listed companies in ASEAN and rotating capital market experts among regional countries.
The ministers welcomed achievements in harmonising the portfolio of exports-imports of 10 ASEAN member states, piloting the ASEAN Customs Transit System in Cambodia, Laos, Myanmar, Thailand, Vietnam, and exchanging certificates of origin, form D among Vietnam, India, Malaysia, Singapore and Thailand from January 1, 2018.
They wished that countries will soon approve the second Protocol on the designation of border gates and the seventh Protocol on ASEAN Customs Transit System to create a legal framework for facilitating transit goods, and refine a mechanism to deal with tax disputes.
Participants supported rallying private capital for ASEAN infrastructure upgrade and wished to partner with the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB) and the World Bank (WB) during the project preparatory and management stage.
They also expressed support to strengthen supervision capacity and activities of the ASEAN 3 Macroeconomic Research Office, as well as initiatives such as ASEAN Disaster Risk Financing and Insurance Programme and stressed the importance of ensuring cyber security in finance.
The ASEAN Finance Ministers and Central Bank Governors advocated taking creative and effective financial technological solutions and lauded the outcomes of financial inclusion in ASEAN by opening a portal on financial education and exchange of knowledge about ASEAN financial inclusion and issuing guidelines on national financial inclusion strategies.
In the banking industry, the governors applauded working groups for completing the key performance indicator and risk management tool, believing that countries will fulfill goals set in the ASEAN Strategic Action Plan for financial sustainability and inclusion.
They discussed emerging issues such as financial technology and pledged to work closely together to seek effective solutions to cyber attacks amidst the fourth industrial revolution.
The annual meetings also saw the presence of representatives from the IMF, WB, ADB, financial and banking organisations in the region.
Vietnam highly evaluates India’s role and contributions to regional peace, stability and development, and always regards India as one of its most important partners, the top leader said.
The Party and State leaders expressed their profound respect and boundless gratitude to President Ho Chi Minh, who founded and trained the Communist Party of Vietnam and made immense contributions to the Party and nation’s glorious revolutionary cause.
The NA's Committee for Cultural and Social Affairs has moved fast to reshuffle its organisation after the 14th National Party Congress and the election of deputies to the 16th NA, updating its work agenda to match new directives set out in the resolutions of the 14th National Party Congress and the first Congress of the NA Party Organisation for the 2025–2030 term.
Vietnam and Croatia should strive to double bilateral trade turnover from the current level of 161 million USD; study the establishment of a Joint Committee on Economic Cooperation to create a long-term, stable, and effective framework for collaboration, said Prime Minister Le Minh Hung.
Vice President of the United Socialist Party of Venezuela (PSUV) Jesús Faria expressed deep admiration for President Ho Chi Minh and Vietnam’s indomitable struggle for national independence. He described President Ho Chi Minh as an immortal symbol of 20th-century national liberation movements, whose legacy continues to inspire leftist parties, progressive movements, and peoples across Latin America, including Venezuela.
Vietnam National University, Hanoi must rise even further, becoming a leading academic pillar, a major hub of innovation, and a pioneering force in Vietnam’s higher education system; while also serving as a distinguished and reputable representative of Vietnamese intellect on the international stage.
Deputy Foreign Minister Nguyen Minh Hang shared Vietnam’s approach to building an independent and self-reliant economy linked to deep international integration, while proposing several key areas for enhanced cooperation between BRICS and partner countries at the Expanded BRICS Foreign Ministers' Meeting that opened on May 14 in India.
The Central Steering Committee for reviewing the one-year operation of the political system’s apparatus and the two-tier local administration model convened its first session in Hanoi on May 14.
PSNews - The spokesperson stated that the dispatch of personnel by relevant parties to features belonging to Truong Sa without Vietnam’s permission constitutes a violation of Vietnam’s sovereignty under international law. She stressed that such actions run counter to the Declaration on the Conduct of Parties in the East Sea (DOC) as well as ongoing efforts by countries to negotiate a Code of Conduct in the East Sea (COC).
PSNews - Vietnam’s proposals placed the highest priority on ensuring a peaceful and stable environment conducive for continued sustainable development and improving the well-being and happiness of the ASEAN people. They were praised by member states and incorporated into the core contents of the ASEAN Leaders’ Statement on the response to the Middle East crisis.
Both sides emphasised that advancing bilateral relations is a shared strategic choice, and pledged to steadfastly pursue the socialist path and jointly safeguard the socialist regimes and the leadership role of their Communist Parties as their most fundamental common strategic interest, Ambassador He Wei said.
At the meetings, the senior Vietnamese Party official affirmed that Vietnam would continue to work closely with Cambodia to strengthen and deepen bilateral ties, while consistently supporting Cambodia’s peaceful, stable and prosperous development.
Vietnam highly values the support of the United Nations Office on Drugs and Crime (UNODC) in strengthening national capacity in crime prevention and criminal justice, drug control, and addressing emerging challenges, particularly cybercrime, said Ambassador Vu Le Thai Hoang.
NA Chairman Tran Thanh Man underlined that digital transformation must go beyond investing in software or platforms and instead create substantive changes in working methods, advisory quality and operational efficiency.
Consolidating the central steering committees for institutional and legal reform and for judicial reform is necessary in order to streamline organisational structures without reducing responsibilities, while ensuring clear accountability, measurable outputs and concrete results. Following the restructuring, the body will be renamed the central steering committee for institutional improvement and law enforcement, with the Party General Secretary and State President serving as its head.
Bui Thi Minh Hoai was re-elected President of the the Vietnam Fatherland Front (VFF) Central Committee for the 2026-2031 tenure at the first conference of the 11th-term VFF Central Committee, held before the closing session of its 11th National Congress on May 13 morning in Hanoi.
At the meeting this week, Ambassador Viet briefed the UNGA President on developments during the first two weeks of the conference. He stressed that the current international geopolitical landscape poses numerous complex challenges, while reaffirming Vietnam’s determination, together with other member states, to promote substantive and balanced outcomes at the conference.
The host leader stressed that cooperation between localities, particularly between the capitals of Hanoi and Vientiane, plays an especially important role as a pioneering force in effectively implementing the foreign polices of the two Parties and States, while also serving as a bridge between politics and development, as well as between strategy and concrete action.
More than 1,300 delegates are attending the 11th National Congress of the Vietnam Fatherland Front (VFF) for the 2026–2031 tenure, including 1,138 official delegates.
Prime Minister Le Minh Hung praised ministries and agencies for their proactive steps since the beginning of this year and especially from early April to follow the Politburo’s Resolution 57 and Conclusion 18, with clear, positive progress.