5:02 PM, 04/10/2013

Financial Sector Development Program ratified

VGP – The PM has approved the Financial Sector Development Program-Subprogram 1, which is financed by the Asian Development Bank.

Accordingly, the program, with total expenditure of US$45 million, will be managed by the State Bank of Viet Nam.

The long-term goal of the program is to improve the ability of providing sustainable finance for internal and external investments.

The program also helps the monetary market to operate well, form the financial market with high liquidity and increase the capacity of public organizations operating in banking and finance.

By Thuy Dung

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