Hanoi (VNA) – The eighth plenary conference of the Public Expenditure Management Network in Asia (PEMNA) will take place in Ha Long city of the northern province of Quang Ninh from May 22-24, announced the Ministry of Finance (MoF).

This will be the first time that Vietnam has hosted the conference.

This year, the event will focus on the restructuring of state budget and management of public debt to ensure safe and sustainable national finance, which are among Vietnam’s pillars of economic restructuring during its growth model transition and international integration process.

Through the event, the MoF hopes to learn from the experiences of others in bolstering fiscal activities and public debt management towards building its financial strategy for the 2021-2030 period and the finance-budget plan for 2021-2025.

PEMNA is a peer learning network of public financial management practitioners in Asia. Established in 2012 as an initiate of the World Bank and the Republic of Korea (RoK)’s Ministry of Economy and Finance, it aims to support governments across the region to address public financial management challenges and improve the efficiency and effectiveness of public spending through forums and experience sharing between members in the East Asia and Pacific region.

The network currently boasts 14 members, namely Brunei, Cambodia, China, Indonesia, the RoK, Laos, Malaysia, Mongolia, Myanmar, the Philippines, Singapore, Thailand, Timor Leste, and Vietnam. 

The PEMNA Steering Committee is composed of representatives from all member countries and development partners, which is also responsible for overseeing the implementation of CoP activities. Its Secretariat is hosted by the Korea Institute of Public Finance (KIPF).–VNA