VNA reported that on March 17 local time, Politburo member and Permanent Deputy Prime Minister Nguyen Hoa Binh met with Deputy Minister of Finance Anh Lord Liverpoolmore to discuss orientations for economic, trade and investment cooperation. The Permanent Deputy Prime Minister affirmed that the UK is an important strategic partner of Vietnam, emphasizing two key cooperation goals of Vietnam: promoting bilateral trade and calling on UK investors to participate in investment projects in Vietnam. Deputy Liverpoolmore appreciated the potential for cooperation between the two sides, especially in the UK's strengths such as renewable energy and offshore wind power.
The Permanent Deputy Prime Minister also introduced the development orientation of the International Financial Center in Vietnam and hoped that the UK would share experiences and support, especially in the process of promoting policies and attracting investment from British businesses.
The UK Ministry of Finance shared its experience from the London Financial Center model, emphasizing three key factors that made the success of this center possible: having an effective management mechanism, high-quality human resources and a dispute resolution system in line with international practices. The UK side affirmed that completing the legal framework will be a decisive factor in helping Vietnam become an attractive destination for international financial investors and the UK is ready to share experiences in the fields of green finance, fintech, and financial center governance.
Also on March 17, Deputy Prime Minister Nguyen Hoa Binh met with Mr. Vincent Keaveny, Deputy Mayor of the London Financial Center, to discuss cooperation orientations in the field of building an international financial center in Vietnam. Mr. Keaveny expressed his willingness to continue supporting Vietnam in the process of building a Financial Center, emphasizing 5 core principles to achieve success, including an open business environment, a transparent legal framework, an effective dispute resolution mechanism, modern digital infrastructure and high-quality human resources.
Receiving Mr. Saif Malik, CEO of Standard Chartered Bank, Permanent Deputy Prime Minister expressed his hope that Standard Chartered will continue to participate more deeply in the process of forming international financial centers in Vietnam. Mr. Malik said that Standard Chartered plans to continue expanding cooperation and investment in Vietnam, especially in emerging areas such as green economy, circular economy; and affirmed that it will cooperate and support Vietnam in the process of building, forming and operating and managing international financial centers.
Also within the framework of his visit and work in the UK, Deputy Prime Minister Nguyen Hoa Binh met with former British Prime Minister Tony Blair, Chairman of the Tony Blair Institute for Global Change (TBI) and co-chaired the Foreign Direct Investment (FDI) Forum in Vietnam with the participation of nearly 20 leading British businesses.
