The delegation and representatives from the Indonesian Ministry of Finance discussed issues of common concern such as price and inflation control and the role of State-owned enterprises (SoEs) in the national economy and SoE restructuring.

Hieu said the Vietnamese and Indonesian economies have similar advantages and disadvantages as well as opportunities and challenges in the process of developing the market economy and ensuring social welfare.

He introduced Vietnam’s process of implementing the market mechanism under State management over the past 20 years and experiences in restructuring and improving the operational efficiency of SoEs – a key force of the national economy and a tool for the government to balance the macroeconomy and stabilize market prices.

Indonesian financial managers briefed the Vietnamese delegation on the principles, legal foundations, economy-finance and the process of controlling prices and inflation, managing SoEs, restructuring and increasing the operational efficiency of Indonesian businesses.

Both sides considered the exchange of professional skills as a good opportunity for them to carry out macroeconomic policies effectively.

They emphasized that the two finance ministries should promote the exchange of visits to share mutual experiences in the regional integration process towards building an ASEAN community by 2015.