The Viet Nam Institute for Advanced Studies in Mathematics opened the Finance Math Lab (FMathLab), which will study and apply mathematical theories and models in the financial and banking sectors.
Speaking at the opening ceremony, Bui Van Ga, deputy minister of Education and Training, said the Lab would study and experiment with econometrics and financial mathematics to analyse, forecast and manage economic development.
The lab would help with strategies for increasing socio-economic, and science and technology development by 2020, Ga said. It would also contribute to the National Mathematics Development Plan.
Ngo Bao Chau, scientific director of VIASM, said the lab would use mathematical models to serve government agencies in managing macroeconomics and making financial investment decisions. It would also encourage the country to use mathematical theories more in achieving its economic, financial and banking goals, he said.
