On the morning of September 17, 2025 (local time), in London - the capital of the UK, Minister of Finance Nguyen Van Thang had a working session with the Mayor of the London Financial Area - Mr. Alastair King.
Attending the meeting were leaders of units under the Ministry of Finance, representatives of The City UK and officials of the London Financial Area.
Speaking at the meeting, Minister of Finance Nguyen Van Thang thanked the Principal for his warm and thoughtful reception for the working delegation of the Vietnamese Ministry of Finance.
Minister Nguyen Van Thang highly appreciated the development of London's financial market in recent times, continuing to maintain its position as one of the leading financial centers in Europe and the world according to international organizations and experts.
The Minister thanked the UK partners for their active support and coordination in the process of drafting the National Assembly Resolution on the International Financial Center (TTTCQT) in Vietnam. In particular, the London Financial Area has provided many important information and recommendations to prepare the foundation conditions and build a roadmap for the development of the financial system.
Speaking at the meeting, Mayor of the London Financial Area Alastair King said that he had just had a successful 4-day business trip to Vietnam. He highly appreciated the determination, consistency and close coordination of Vietnamese agencies in implementing the goal of establishing and operating the TTTCQT.
The Mayor affirmed that the London Financial Area is ready to share experiences, advise and cooperate, especially through The City UK. He welcomed the proposal of the Vietnamese Minister on applying the British Procedure System, which has a long history, helping to reduce costs and resolve disputes effectively.
At the same time, the London Financial Area is ready to connect Vietnam with partners to train skills and develop human resources in the financial industry. The Mayor hopes to promote cooperation in developing retirement financial products in Vietnam.
At the end of the meeting, Minister Nguyen Van Thang emphasized that under the direction of the General Secretary and the Prime Minister, Vietnam is conducting institutional reform, building a legal framework and promoting digital transformation to create breakthroughs in economic development.
The Minister said that the National Assembly has issued Resolution No. 222 on the Central Investment Commission in Ho Chi Minh City and Da Nang, expected to be put into operation in December 2025. The legal framework of the TTTCQT is built on the basis of reference to international experience, including London.
The Minister expressed his gratitude for the cooperation and experience support from London, and wished to strengthen coordination in the application of the law, human resource training and financial cooperation. The Minister suggested that the London Financial Area closely coordinate with the two cities of Ho Chi Minh City and Da Nang to develop the Central Financial Area.
At the same time, he called on British investors and financial institutions to expand investment, contributing to the goal of upgrading the stock market and developing Vietnam's economy.
