Vietnam and Cuba will enhance theexchange of experiences in the management of tax, public spendings andforeign exchanges as well as tax and treasury cooperation.

Cuban Minister of Finance and Prices Lina Pedraza and Deputy VietnameseFinance Minister Nguyen Cong Nghiep expressed the determination at therecent talks in Cuba.

Deputy Minister Nghiep, who is in Cuba for a five-day working visitthat will last through Jan. 20, informed the host of Vietnam’sfinancial and budget policy to stabilise macro-economy while ensuringsustainable economic growth and social welfare.

He also briefed the host of Vietnam ’s socio-economic achievementsduring the 2001-08 period and orientations for the nation’s financialpolicy in 2010.

Cuban Minister Pedraza highlighted Vietnam’s socio-economicachievements over the past years and the country’s timely and effectiveimplementation of financial solutions to minimise negative impacts ofthe global economic crisis.

Both host and guest assessed the implementation of the two ministries’ cooperation programmes last year.

They also exchanged experiences in budget deficit and connections withgross domestic product and the management of funds for socialdevelopment and investment as well as tariff measures.

Also on the occasion, Deputy Minister Nghiep and his Cuban counterpartFelix Martinez inked a cooperation agreement between the two ministriesfor 2010./.