The conference’s overview
On the morning of 12th June, 2014, the bank-restructuring researching group of University of Economics and Business (UEB) – VNU led by Assoc.Prof.Dr. Nguyen Hong Son – Rector of UEB, joined the international conference “Financial Stability: Identifying systematic risk and strengthening macro cautiousness”, which is organized by National Financial Supervision Commission (NFSC) and UNDP.
The main speakers of the conference included: Mr. Sanjay Karla – Permanent Superior Representative of International Monetary Foundation (IMF) in Vietnam; Dr. Duong Quoc Tinh – Deputy Chief Inspector of the State Bank; Dr. Nguyen Kim Chung – Vice Rector of Central Institute for Economic Management (CIEM), Dr. Huynh The Di and Dr. Vu Thanh Tu Anh – lecturers of Fulbright program and Dr. Tran Thi Thanh Tu – Associate Dean of Faculty of Finance and Banking (FFB – UEB). Also participated in the conference were practical experts, researchers and policy makers in finance and banking field.
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Dr. Trần Thị Thanh Tú - UEB (second from the left) took part in Dean Board of The semina.
In the conference, representing researching group of UEB, Dr. Tran Thi Thanh Tu presented the research about ‘System of financial stability indicators – FSIs, international experience and implications for Vietnam’. The first idea of researching FSIs application promoted in Vietnam by IMF was also proposed by the group.
The presentation was highly appreciated with most comments stated that evaluating financial health of banking system based on international practice is necessary and urgent; accurately perceiving the actual financial operating condition of a country is also important for prudent macroeconomic surveillance and financial systematic safety. However, some others concerned that the ability to approach information and data of Finance – Banking system in Vietnam is limited.
In Vietnam, during the first half of the assessment, the financial stability indicators – FSIs will have spectacular positive effects on raising the awareness of FIS’s roles in safety supervising and financial safety of the banking system, and the FSIs will improve the ability of prudent macroeconomic surveillance in the comparative interrelation with banking system of other countries and areas in the world as well.
Leader of the research group, Prof. Dr. Nguyen Hong Son, stated that in the upcoming future the research group would coordinate with NFSC, Deposit Insurance of Vietnam, the State Bank of Vietnam and BIDV to build up the financial safety and health assessment report of the banking system in Vietnam.