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Business, bank restructuring efforts receive a boostThe Japan International Cooperation Agency (JICA) held a seminar in Hanoi, launching two projects to accelerate the restructuring of State-owned enterprises (SOEs) and credit organisations.

The Ministry of Finance (MoF) undertakes a project to improve the financial management capacity building of SOEs, while the State Bank of Vietnam carried out a project to support the restructuring of the banking system.

The projects will be rolled out over the next three years till 2017.

Addressing the seminar, MoF Deputy Minister Tran Van Hieu affirmed that the Vietnamese Government is implementing its economic restructuring programme targeting three key pillars: public investments, SOEs, primarily economic groups and State corporations, and credit organisations.

The three key areas will be carried out in a synchronous manner along with an appropriate fiscal and monetary policy, in order to increase the operational efficiency and competitiveness of SOEs and banks, he said.

During the seminar, Japanese experts shared experiences in dealing with non-performing loans and restructuring businesses in Japan. They also proposed some solutions for implementing these two projects effectively.


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