VNA reported that within the framework of his visit and work in the UK from 16-20, Politburo member and Permanent Deputy Prime Minister Nguyen Hoa Binh met with Deputy Minister of Finance London Liverpoolmore on March 17 to discuss orientations for economic, trade and investment cooperation.
Deputy Liverpoolmore appreciated the cooperation potential between the two sides, especially in the UK's strengths such as renewable energy and offshore wind power, and wished to hear about Vietnam's growth strategy in the coming time.
Permanent Deputy Prime Minister Nguyen Hoa Binh 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.
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 UK 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, Permanent 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.
The Deputy Mayor of the London Financial Center expressed his willingness to continue supporting Vietnam in the process of building the 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.
Permanent Deputy Prime Minister Nguyen Hoa Binh suggested that the London Financial Center share development experiences and directly support human resource training for the Financial Center of Vietnam.
Within the framework of his visit and working in the UK, on March 17, Deputy Prime Minister Nguyen Hoa Binh received Mr. Saif Malik, CEO of Standard Chartered Bank. At the meeting, the Permanent Deputy Prime Minister expressed his hope that Standard Chartered would continue to participate more deeply in the process of forming international financial centers in Vietnam.
For his part, General Director Saif Malik said that Standard Chartered plans to continue expanding cooperation and investment in Vietnam, especially in emerging fields such as green economy and circular economy; and affirmed that it will cooperate and support Vietnam in the process of building, forming and operating and managing international financial centers.
He hopes that the Vietnamese Government will also continue to support and create favorable conditions for the bank to conduct business stably, effectively, sustainably and successfully in Vietnam.
