On August 29, at the Ministry of Finance, Minister Ho Duc Phoc had a meeting with Ms. Caitlin Wiesen - Resident Representative UNDP in Viet Nam. Attending the meeting were representatives of functional units of the MOF.
Minister Ho Duc Phoc welcomed Ms. Caitlin Wiesen to visit and work with the Ministry of Finance
Welcoming Ms. Caitlin Wiesen to visit and work with the Ministry of Finance on the occasion of the end of her tenure as UNDP Representative in Vietnam, the Minister emphasized that 2022 marks the 45th year of Vietnam's membership of United Nations, the Minister would like to thank and appreciate the financial and technical support that United Nations organizations (including UNDP) have provided to Vietnam, contributing to Vietnam's land reconstruction post-war country and gradually integrate into the world, stabilize and develop socio-economic, step by step improve the quality of life of the people.
In the field of financial cooperation, Minister Ho Duc Phoc would like to thank and appreciate the important contributions of Ms. Caitlin Wiesen personally in the cooperation between the Government and the Ministry of Finance of Vietnam and UNDP. The Minister hoped that in her new position, Ms. Caitlin Wiesen would continue to support the Ministry of Finance of Vietnam in the process of reforming public financial management, contributing to the realization of Vietnam's sustainable economic development goals.
Minister Ho Duc Phoc spoke at the meeting
The Minister said that, over the years, UNDP has supported USD 13.51 million in grant aid through the implementation of 08 programs/projects and is the third largest donor of the Ministry of Finance.
“UNDP's support has made a positive contribution to the reform process of various public financial management areas such as state budget management, public debt management, corporate financial management, strengthening financial policy analysis capacity for the Ministry of Finance of Vietnam”. Minister emphasized.
The Minister also suggested that UNDP continue to support Vietnam in general and the Ministry of Finance in particular in implementing the Sustainable Development Goals (SDGs) and combating climate change; including helping Vietnam mobilize finance for development and supporting financial policy advice to recover from the pandemic in a green and sustainable direction.
Overview of the working session
Sharing finance of climate change, the Minister said that as one of the countries heavily affected by climate change, Vietnam is determined to implement its commitments at COP26, strive to achieve net zero emissions reductions by 2050. This requires huge financial resources and technology transfer. Currently, Vietnam has also been strongly implementing in the transition to using renewable energy, the Minister wishes that UNDP will continue to provide technical and financial support to Vietnam to achieve the goal. this target.
Ms. Caitlin Wiesen spoke at the meeting
Speaking at the meeting, Ms. Caitlin Wiesen congratulated the Ministry of Finance on successfully developing the National Financial Strategy to 2030. UNDP wishes to cooperate with the Ministry of Finance in the areas of support to enhance market transparency, stock markets and capital markets. Sharing about the issue of balancing energy transition from using fossil energy to renewable energy sources such as wind power, solar power .., Ms. Caitlin Wiesen said that according to international experience, Vietnam can mobilize resources for this transition, UNDP will study different financial mechanisms to serve this transition of Vietnam in the coming time.