Deputy governor of the State Bank of Viet Nam Dao Minh Tu. Viet Nam is persuading international financial institutions, including the Asian Development Bank (ADB), to expand their funding for the local private sector and reduce government guarantees for those activities, since Viet Nam is among the countries that will stop being funded by ADB in 2019 due to becoming a middle-income economy. Deputy governor of the State Bank of Viet Nam (SBV) Dao Minh Tu speaks to Viet Nam News about these issues on the sideline of the recent ADB 51st Annual Meeting in Manila, the Philippines. What has Viet Nam achieved in the ADB’s 51th Annual Meeting? The meeting aimed to strengthen the bond between member countries and expand ADB’s main activities in the context of global financial volatility and various changes in economies’ trade policies. On behalf of the Vietnamese Government, we were able to deliver messages to the audience addressing the country’s current socio-economic development and status in the international community. We noticed that ADB officials and partners have spoken highly of Viet Nam’s position in both the regional and international community as the Government has made strong economic growth, poverty reduction, maintained stable political conditions,… Read full this story
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