MoF, UNDP launch financial policy analysis project

16 Feb 2004

Ha Noi - The Ministry of Finance and the United Nations Development Programme today inaugurated a new financial policy analysis capacity-building project at a ceremony in Ha Noi attended by government officials and representatives from the donor community in Viet Nam. The three-year project, entitled Strengthening capacity in financial policy analysis for human development, aims to raise financial analysis skills in government to improve the crafting and monitoring of socioeconomic development policy.

Vice Minister of Finance Ms. Le Thi Bang Tam expressed confidence that the project would have far-reaching impact: “As government capabilities in analysis grow, we can expect that future financial policies will quicken the development of a modern financial system in Viet Nam.  This important activity will also support progress on other initiatives, such as poverty reduction and sustainable economic growth.”  

The project will include such components as budget analysis training, research work on pro-poor budgeting, an executive training programme for MPs and provincial councils, the development of an e-library to support policy analysis and documentation, and policy formulation training for younger ministry staff.  There will also be a general push for increased cross-ministry and central-local flows of information, dialogue, and exchanges on financial matters. 

UNDP Resident Representative, Mr. Jordan Ryan noted the link between strengthening analytical capacities in the financial reform area with broader development planning: “This important project aims to ensure that financial policies and regulations positively impact people’s lives. Building on a collaborative approach, we aim to help the Ministry of Finance to enhance its capacities, tools, and knowledge so that it may analyze, review, and implement financial policy that boosts human development.”

In the area of public finance, the Party and the government have resolved to remove irrational policies on debt and state credit, increase state budget investment efficiency, and continue renovating financial markets.  Mr. Ryan observed, “Sound policy analysis is an unshakeable foundation for meaningful reform.  Therefore, we look to the project’s success as a complement to the public finance modernization effort, as well as to other reforms underway that are integral to Viet Nam’s international integration and pro-poor growth process.”

Contact Information

UNDP Public Information Unit, Tel.  942-1495 (ext. 159),
or
Mr Trinh Tien Dung, UNDP Programme Officer, Tel. 9421495 (ext. 154)