On November 27th, 2018 in Hanoi, the State Bank of Vietnam (SBV) in cooperation with the Bank of Korea (BOK) co-hosted the Seminar to present the report on the Bank of Korea Knowledge Partnership Program (BOK-KPP). Attending the Seminar were professors from SungKyunKwan University, representatives of the BOK-KPP (Korea) and representatives from the SBV’s International Cooperation Department, Central Banking Department, the Foreign Exchange Management Department and the Internal Audit Department.
At the Seminar, the presented contents included: (i) General introduction to the consultants’ report; (ii) The optimal size of foreign exchange reserves for the SBV; (iii) Assessment of the current foreign exchange reserve management system at the SBV; (iv) Proposing improvements to the foreign exchange reserve management system; and (v) Application of risk mapping in the management of foreign exchange reserves.
Participants in the Seminar take photograph
According to the assessments from beneficiaries of the SBV, over 3 years implementing the new model, the BOK-KPP program has met the requirements of the entities through the consultants’ reports which have been prepared and conducted carefully and thoroughly; especially, the Program has been able to introduce the practical lessons of the Republic of Korea regarding the issues that the SBV is interested in or attaches high priority in handling. Thus, the Program has made useful recommendations to the SBV, and is a useful reference for the policy–making processes. In addition, the new implementation model of the Program has also demonstrated superior performance in terms of outputs as well as the number of beneficiaries compared to the old model, contributing to enhancing the efficiency of the cooperation activities and the professional experience sharing between the SBV and the BOK.
VA