Sweden interested in reforming Vietnam’s financial system

Speaker of the Swedish Parliament Per Westerberg made the remarks at an April 11 meeting in Stockholm with a Vietnamese delegation led by Deputy Prime Minister Vu Van Ninh.

At the meeting, Ninh informed the Swedish NA leader on Vietnam’s recent socio-economic development accomplishments, positive GDP growth as well as measures to control inflation and restructure operations of the financial and banking system.swe_vn_reform

Vietnam attaches great importance to strengthening and developing relations with the country’s traditional friends in northern Europe, including Sweden, Ninh said while extending his thanks to the Swedish people for its support.

Vietnam will forever be indebted to the Swedish people for their support during the years of the anti-America resistance war and its continued support since.

He specifically thanked the Swedish people for its provision of official development aid (ODA) worth more than US$3 billion over the past years and expressed his hope for continued support in the future.

Regarding trade cooperation and the free trade agreement (FTA) negotiations between Vietnam and other countries, Ninh thanked the Swedish Parliament for ratifying the Vietnam-EU Partnership and Cooperation Agreement (PCA), and expressed his hope that the Swedish Parliament will ratify and fully support the FTA negotiations between the EU and Vietnam.

The Deputy PM used the occasion to extend an invitation to a high-level delegation from Sweden to visit Vietnam to attend the 132nd General Assembly of Inter-Parliamentary Union 132 (IPU-132) slated for May 2015.

He also wished Sweden the best of success in the upcoming elections to be held in September 2014.

For his part, Per Westerberg briefed the Vietnamese guests about the development of the Swedish economy with its higher than average GDP growth of 2-3% compared to the EU 1.5% growth rate.

He said that his nation wishes to ensure human rights and promote economic cooperation, trade liberalization and democracy with poor and developing countries in the world, especially Vietnam.

Sweden supports international commercialization which needs to strictly comply with international standards and meet proposed criteria, noting that it desires to step up trade and economic cooperation with Vietnam for the benefit of both peoples, he added.

Sweden is also interested in Vietnam’s economic reform, including issues of transparency and anti-corruption and will send a senior parliamentary delegation to discuss these issues and attend the Vietnam IPU-132, he concluded.

Source: Vietnam Net