Vietnam Financial Forum 2024

On November 29, in Ha Long City, the Ministry of Finance hosted the Vietnam Financial Forum 2024 with the theme "Financial policies to promote aggregate demand and support economic development".

Attending the Forum were comrades: Bui Van Khang, Deputy Minister of Finance; Nghiem Xuan Cuong, Vice Chairman of Quang Ninh Provincial People's Committee; and more than 200 delegates from central and local agencies, international organizations, businesses, domestic and international financial and economic experts.

Comrade Nghiem Xuan Cuong, Vice Chairman of the Provincial People's Committee, delivered a welcoming speech at the Vietnam Financial Forum 2024 held in Quang Ninh .

Speaking at the Forum, Mr. Nghiem Xuan Cuong, Vice Chairman of the Provincial People's Committee, emphasized: Quang Ninh is honored to be chosen for the second time as the venue for the Vietnam Financial Forum. The theme of the Forum "Financial policies to promote aggregate demand, support economic development" is of great significance to each locality and country in the context of the macro economy in 2024 facing many difficulties and challenges, financial policies to promote aggregate demand for economic growth are very necessary and timely to restore economic growth momentum in 2025 and the following years. Quang Ninh province is very interested and expects that the results obtained from the Forum will make an important contribution to having fiscal policies that positively contribute to the development of Vietnam in general and Quang Ninh in particular.

The first session was on the topic "Fiscal policy to promote aggregate demand".

The Forum held two main discussion sessions. In the first session, with the theme "Fiscal policy to promote aggregate demand", delegates and speakers focused on analyzing the challenges facing fiscal policy in stimulating the economy, especially when the room for implementing growth stimulus solutions has narrowed. The proposed solutions include: Accelerating disbursement and improving the efficiency of public investment capital; using tax and fee policies to support businesses and stimulate consumption; reforming public financial management to increase budget transparency as well as modernizing the budget preparation and implementation process.

The second session, themed “Financial policies to motivate business development,” discussed solutions to support businesses in long-term and sustainable development. Experts shared international experiences in applying artificial intelligence and digital platforms to public financial management, and proposed policies to improve the investment environment and promote innovation in Vietnamese businesses.

Deputy Minister of Finance Bui Van Khang speaks at the Vietnam Financial Forum 2024.

Deputy Minister of Finance Bui Van Khang assessed that the new financial solutions shared by experts, managers, scientists, domestic and international speakers at the Forum will be the basis for the Ministry of Finance to advise and propose to the Government and the Prime Minister in building and operating fiscal policies to promote short-term economic growth, as well as comprehensively renew the economy in the coming period.

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