The Ministries of Finance of Vietnam and Hungary exchange a memorandum of understanding (MoU) on financial cooperation, October 16, 2020. (Photo: VOV)

Vietnamese Minister of Finance Dinh Tien Dung said the signing of the MoU builds upon the positive achievements from an MoU signed in 2017 between the Vietnamese Ministry of Finance and the Hungarian Ministry for National Economy (now the Ministry of Finance), contributing to strengthening bilateral friendship and traditional cooperation and expanding international cooperation in finance.

The MoU will help strengthen bilateral dialogue and coordination in fields of shared concern, especially financial analysis and forecasting and the macro-economy, he said.

It will also help build policies, manage budget collection-expenditure and public debts, and develop Government bond markets and other economic-finance issues, according to the Minister.