IDF holds risk management-governance seminar in Ho Chi Minh

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The Asia-Pacific Institute of Development Finance (IDF), ADFIAP’s professional training and career development center, has conducted a Seminar-Workshop on Improving Risk Management and Financial Disclosure Systems Under a Good Corporate Governance Framework on May 8-9, 2008 at the Majestic Hotel in Ho Chi Minh City , Vietnam . The event was hosted by the Vietnam Development Bank (VDB) and was represented by its Deputy General Director Ms. Dao Dung Anh. Forty participants from development banks and other financial institutions, research agencies, universities/academe and regulatory agencies like the State Bank of Vietnam attended the seminar. ADFIAP was represented by ADFIAP Deputy Secretary General, Mr. Roy Sobrecarey and Ms. Sandra Honrado , Senior Executive for Programs.

The main resource speaker was Dr. Cesar G. Saldana , a Founding Fellow of the Philippine-based Institute of Corporate Directors . Dr. Le Xuan Nghia , Director of Banking Strategy Development Department of the State Bank of Vietnam , lectured on “Risk Management in Vietnam Banking System” and “Solutions to Enhance the Current Liquidity of Banking”.

The training event is part of Phase 5 of ADFIAP’s “DFIs for Corporate Governance” project supported by the Washington D. C.-based Center for International Private Enterprise (CIPE). This Vietnam event focused on strengthening the financial institution’s core business functions of risk management and proper financial disclosure by reinforcing them with strong corporate governance principles. The program also demonstrated how effective good corporate governance is in minimizing risks, in attracting funds from international investors, and in improving transparency and accountability in a financial institution.

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