The official logo of the 15th APEC SFOM

In his discussion with the press about the SFOM meeting and related meetings presided over by the Ministry of Foreign Affairs, Mr. Nguyen Dang Khoa, a representative from Ministry of Finance's International Cooperation Agency, said SFOM is a mid-term event among APEC financial cooperation activities.

APEC 2017 has three main contents in financial cooperation: Deputies’ meeting in February in Nha Trang, mid-term meeting in May in Ninh Binh and Ministers’ meeting scheduled in October in Hoi An.

The mid-term SFOM in Ninh Binh is organized to assess the progress of realizing the initiative with four priorities in financial cooperation that is planned to be submitted to the APEC Finance Ministers’ meeting at the end of the year.

The four prioritized subjects include long-term investment in infrastructure, Base Erosion and Profit Shifting (BEPS), Disaster Risk Financing and Insurance (DRFI), and cooperation in the comprehensive financial field.

Together with SFOM on May 16th-17th, the Ministry of Finance also presided over two marginal workshops with the focus on exchanging cross-border credit information on May 16th and discussing long-term investment in infrastructure on May 17th.

The Ministry of Finance has established an information popularization subcommittee to associate with the media to inform APEC financial activities in real time. So far, nearly 300 domestic and foreign reporters have registered for running articles about SFOM and related events./.

BTA