A 14-million-euro project on strengthening Vietnam’s public finance management funded by the European Union and Germany is expected help reduce poverty and promote sustainable growth in Vietnam.

The meeting of the project's steering committee.

Speaking at a meeting of the project’s steering committee on January 17, Deputy Minister of Finance Nguyen Duc Chi stated that the project is an important step in the implementation of Vietnam’s national financial strategy during the 2021-2030 period.

For his part, EU Ambassador Giorgio Aliberti pledged to continue supporting sustainable and inclusive growth in Vietnam and enhancing economic management, including public finances.

He expects that the project will help stabilise Vietnam’s macroeconomy and strengthen the government’s capacity to implement economic and financial policies.

With an implementation period of 66 months, the project will improve state budget management and revenue forecasting; enhance management of public debt; and enhance tax environment and revenue mobilisation.

Potential remains for Vietnam’s exports to EU

The Ministry of Industry and Trade (MoIT) on December 27 organised a conference to review the implementation of the EU-Vietnam Free Trade Agreement (EVFTA) over the last two years.

Vietnam leads ASEAN members in EU's import market share

The EU is Vietnam's third largest export market with an average growth rate of 7.5%, accounting for 13.6% of Vietnam's total exports from 2015-2021.

Vietnam, Europe boost cooperation in tackling trade frauds

General Director of the General Department of Vietnam Customs (GDVC) Nguyen Van Can and Director-General of the European Anti-Fraud Office (OLAF) Ville Itälä signed a customs administrative cooperation agreement between the Vietnamese Finance Ministry and OLAF in Brussels on December 14.

Vietnam Electricity, European Investment Bank ink MoU on sustainable energy development

Vietnam Electricity (EVN) and the European Investment Bank (EIB) have signed a memorandum of understanding to create a prerequisite for the EIB to help with the Vietnamese group’s sustainable development and energy transition.

Trade forum supports firms to boost trade, investment with Eurasia region

The Trade Forum on Cooperation with Partners from Eurasia Region 2022 took place in Hanoi on December 2, providing the Vietnamese business community with up-to-date information on market conditions, foreign trade policies, and investment opportunities in the region.

Source: NDO