Jakarta (VNA) – A delegation of the Vietnamese National FinancialSupervisory Commission led by its Vice Chairman Nguyen Van Khach visited andheld working sessions with agencies in Indonesia’s financial safety network inJakarta from November 24-26.

Thevisit aimed to enhance cooperation in issues of Vietnam’s interest towardsapplying international practices such as microfinance safety supervisionpolicy, financial group supervision framework, experience in running the fiscalpolicy and effective management of public investment, early warning for risksand bank restructuring.

Thedelegation held working sessions with the Governor of the Bank Indonesia, the Vice Chairman of theFinancial Services Authority of Indonesia, leaders of the Indonesian Ministryof Finance, the General Director of the Indonesia Deposit Insurance Corporationand the Vietnamese Ambassador to Indonesia.

The Indonesian officials introducedmacro-supervision model, cooperation mechanism to offer early warning for risksand ensure financial stability, as well as support for the economy for eachperiod.

The Indonesian side sharedexperience in building legal framework and measures to monitor financial groups,running the fiscal policy to propel economic growth amid global economicdownturn at present, efficiency of public investment management, and risks ofdeposit organisations.

Bothsides agreed to share professional expertise to improve the efficiency offinancial supervision, helping to maintain financial stability of each countryand the region./.