WB to help Vietnam Social Security in pension fund management
Deputy General Director of the Vietnam Social Security (VSS) Nguyen Dinh Khuong recently held a working session with a delegation from the World Bank (WB) led by financial expert Alwaleed Alabatani in Hanoi to discuss the launch of a technical support programme for pension fund management.
Hanoi (VNA) – Deputy GeneralDirector of the Vietnam Social Security (VSS) Nguyen Dinh Khuong recently helda working session with a delegation from the World Bank (WB) led by financialexpert Alwaleed Alabatani in Hanoi to discuss the launch of a technical supportprogramme for pension fund management.
Khuong thanked the WB for assisting the VSSin improving its ability to manage pension funds and asked the lender tocontinue helping the VSS expand its investment portfolio and improve training, governance,and the capacity of its Department of Fund Management and Investment.
Alabatani said building on the success ofthe first stage of the programme (2017-2018) with a focus on training andimprovement of pension fund governance, the WB will arrange financing tocontinue assisting the VSS in the efforts during the second stage from2019-2021.
Earlier, the lender announced it hadmobilised 500,000 USD from First Initiative Foundation to assist the Vietnamesegovernment in pension reform.
Both sides agreed on a working plan toimplement the technical support programme based on priorities set by thegovernment. They discussed the VSS’s fund management and investment, thesupervision of private pension and the organisation of seminars on thefield.-VNA
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At the working session (Source: Internet) 
