(VOVWORLD) - The National Financial Supervisory Commission and Korea International Cooperation Agency (KOICA) jointly launched a project to improve the early warning and risk management ability for Vietnam's financial sector on Wednesday in Ha Long city.
 Delegates press the buttons to inaugurate the project (Photo: VNA) |
The South Korean-financed non-refundable ODA project will be implemented by KOICA Office in Vietnam and the National Financial Supervisory Commission. The 5-year program will directly benefit Vietnam’s financial management and supervisory agencies, the Ministry of Finance, the State Bank of Vietnam, the Ministry of Planning and Investment.
The project’s overall objective is early detection of risks and response to uncertainties in the financial sector, including banking, securities, and insurance, to ensure the sector’s stability and support Vietnam's development goals to 2030.