Partners - customers
Support for Public Financial Management with the Ministry of Finance of Vietnam
06/03/2025
Publication Date: December 12th, 2023
On December 12, 2023, in Hanoi, the Ministry of Finance (MOF) of Vietnam held a workshop to review the implementation of its Memorandum of Understanding (MOU) with USAID on technical assistance for public financial management. This collaboration is a key initiative aimed at strengthening Vietnam’s public financial management capacity.
To carry out this MOU, Integra LLC, USAID’s prime contractor in Vietnam, assembled a team of experts, including Mr. Phan Vinh Quang (Project Director in Vietnam), Mr. Le Van Phuc (Project Coordinator), and Ms. Nguyen Thi Van Anh (Administrator). Their work focused on policy impact assessment and budget forecasting, strengthening the legal framework for stock market development, training MOF officials on innovative financial products, and broader collaboration with the Insurance Supervisory Authority and the Department of International Cooperation.
After two years of implementation, the project made significant progress. In policy impact assessment and budget forecasting, two econometric models—the VPAC general equilibrium model and a budget revenue forecasting model—were developed to assess policy impacts and support fiscal planning.
For stock market development, the project delivered two training programs and provided policy recommendations to enhance market oversight. These efforts were supported by the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC), which conducted peer training for Vietnam’s regulators. Research was also conducted on debt securitization and capital market development for startups and high-growth SMEs.
Additionally, through the Public Financial Management (PFM) initiative, the project mobilized 22 experienced local and international consultants to support capacity building for the Ministry of Finance
On December 12, 2023, in Hanoi, the Ministry of Finance (MOF) of Vietnam held a workshop to review the implementation of its Memorandum of Understanding (MOU) with USAID on technical assistance for public financial management. This collaboration is a key initiative aimed at strengthening Vietnam’s public financial management capacity.
To carry out this MOU, Integra LLC, USAID’s prime contractor in Vietnam, assembled a team of experts, including Mr. Phan Vinh Quang (Project Director in Vietnam), Mr. Le Van Phuc (Project Coordinator), and Ms. Nguyen Thi Van Anh (Administrator). Their work focused on policy impact assessment and budget forecasting, strengthening the legal framework for stock market development, training MOF officials on innovative financial products, and broader collaboration with the Insurance Supervisory Authority and the Department of International Cooperation.
After two years of implementation, the project made significant progress. In policy impact assessment and budget forecasting, two econometric models—the VPAC general equilibrium model and a budget revenue forecasting model—were developed to assess policy impacts and support fiscal planning.
For stock market development, the project delivered two training programs and provided policy recommendations to enhance market oversight. These efforts were supported by the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC), which conducted peer training for Vietnam’s regulators. Research was also conducted on debt securitization and capital market development for startups and high-growth SMEs.
Additionally, through the Public Financial Management (PFM) initiative, the project mobilized 22 experienced local and international consultants to support capacity building for the Ministry of Finance
Resources liên quan
- Vietnams Economic Prospects 2025
- A Snapshot of IPSCs Accomplishments
- Workforce for an Innovation and Start-up Ecosystem (WISE) project
- GRAFT Challenge Vietnam 2021 Launched To Scale Up AgriTech Firms
- Vietnam Fintech Ecosystem 2017
- “Formalization” Of Household Business In Vietnam
- Entrepreneur And Venture Support Programs In Ho Chi Minh City, Da Nang, Phnom Penh
- International Best Practices On Supporting Startup Ecosystems
- International Best Practices In Business Support Services
- Manual Of The Korean Business Incubator Model