Viet Nam and Italy agreed to enhance co-operation in financial supervision activities and to exchange information in the sector and securities market.

This was announced by the Viet Nam National Financial Supervision Council (NFSC)’s acting chairman, Truong Van Phuoc, during his official visit to Italy from October 22 to 26.

The two sides shared experiences relating to credit institutions under the management of each country’s financial supervision agency.

In addition, they will organise conferences and conduct research on issues, which require the attention of both the countries.

The Italian side shared experiences in public debt management, State budget and monetary stabilisation measures and fiscal policies in the EU.

Chairman of the Italian Senate’s Foreign Policy Commission, Pier Ferdinando Casini, said Italy has highly valued relationship with Viet Nam. This has been a special relationship even in the most difficult periods. The solidarity between the two countries is being increasingly enhanced, he said.

He committed to promoting relevant Italian agencies to further strengthen the co-operation with Viet Nam not only for financial supervision but also to build a strategic partnership between the two countries. — VNS