Viet Nam and South Korea will set up facilities for bilateral co-operation between the two countries on issues related to perfecting organisation model and operational methods for each side.— Photo VNA

HA NOI (Biz Hub) — A memorandum of understanding (MoU) on stock co-operation was signed between the National Financial Supervisory Commission of Viet Nam (NFSC) and South Korean Financial Services Commission (FSC) on June 7.

Under the MoU, the two commissions will focus on exchanging and sharing experiences related to financial issues under the supervision of the two sides, in addition to financial supervision activities, training, technical support and research.

The MoU will help set up facilities for bilateral co-operation between the two countries on issues related to perfecting organisation model and operational methods for each side.

NFSC acts as an advisor for the prime minister, with key functions such as forecasting fluctuations between the financial market and macro-economy, and regulating activities of the national financial market.

Meanwhile, South Korean NFS is a financial regulator which has a legal position equal to a ministry, working as a State management body and under the South Korean government. It makes financial policies and directs the country's financial supervisory service. — VNS