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Viet Nam seeks Belgium’s experience in green finance

VGP - Minister of Finance Ho Duc Phoc had a meeting with Belgian Deputy Prime Minister and Minister of Finance Vincent Van Peterghem, in Brussels, on July 4, seeking to learn from Belgium’s experience in green finance.

July 06, 2023 11:48 AM GMT+7
Viet Nam seeks Belgium’s experience in green finance  - Ảnh 1.

Minister of Finance Ho Duc Phoc has a meeting with Belgian Deputy Prime Minister and Minister of Finance Vincent Van Peterghem, Brussels, Belgium, July 4, 2023 - Photo: VNA

The meeting was held within the framework of the Vietnamese Finance Minister's working visit to Belgium from July 1-4.

Ho thanked Belgium for its official development assistance to Viet Nam, expressing his wish to further strengthen collaboration in fields of Belgium's advantages.

He suggested Belgium reduce fees and interest rates of concessional loans for Viet Nam.     

Viet Nam advocates the global minimum corporate tax rate and is mulling over its own policy, said the Vietnamese minister. 

He expressed his hope that the Belgian Ministry of Finance and its tax agencies would share experience with Viet Nam in the implementation of tax policy, adding that Viet Nam wishes to learn more experiences from the Belgian side in term of green government bonds, green local government bonds and green corporate bonds.

Vincent Van Peterghem, for his part, hailed Viet Nam's economic outcomes, adding that he would urge relevant agencies to provide more assistance in areas of Viet Nam's demands in the upcoming time. 

Belgium stands ready to share experience and support Viet Nam in all spheres of green finance, sustainable development and implementation of global minimum tax, he said.  

Both sides pledged to make double efforts in promoting bilateral cooperation between the two agencies in the time ahead. 

* Earlier, Ho had a working session with Chairman of the Financial Services and Markets Authority (FSMA) and Chair of the International Organization of Securities Commissions (IOSCO) Board Jean-Paul Servais.

Viet Nam expects to receive support from the FSMA and IOSCO Board Chair to enhance the development of the Vietnamese stock market via activities such as information sharing and training and capacity building, said Ho.

He recommended the FSMA or relevant IOSCO committees share experience and provide technical assistance for the Vietnamese Finance Ministry and the State Securities Commission of Viet Nam (SSC) in establishing a modern and effective market supervision system to early detect violation in the securities market.

Servais, in reply, said Belgium is willing to share experience with the SSC. 

He also voiced his support for Viet Nam's bid to host the IOSCO Annual Conference and encouraged the country to submit its application for hosting the event./.