Permanent Deputy Prime Minister Nguyen Hoa Binh’s recent UK visit focused on enhancing the Vietnam-UK strategic partnership, particularly in financial centre development and attracting investments. Key discussions with British officials emphasized commitments to trade expansion, tackling illegal migration, and fostering cooperative frameworks. The meetings included engagements with financial institutions, promoting Vietnam’s stock market aspirations, and assessing opportunities in green and digital economies.
During his visit to the United Kingdom on March 18, Permanent Deputy Prime Minister Nguyen Hoa Binh engaged in discussions with British Deputy Prime Minister Angela Rayner and Speaker of the House of Commons Lindsay Hoyle concerning the enhancement of the Vietnam-UK strategic partnership. He conveyed Vietnam’s eagerness to collaborate with the UK on developing financial centres and welcomed British investment in Vietnam’s financial sector and renewable energy initiatives.
In his meeting with Deputy PM Rayner, Binh emphasized Vietnam’s commitment to strengthening bilateral relations and urged British enterprises to invest in various sectors. Rayner commended Vietnam’s initiative for financial centres and promised support from British experts, highlighting the potential for expanded trade and cooperation in energy transition while addressing challenges like illegal migration.
Binh also met with Speaker Lindsay Hoyle, advocating for increased parliamentary exchanges to elevate cooperation across several fields, including trade, science, and healthcare. Both parties emphasized peaceful resolution of regional issues while nurturing trust and collaboration, marking the 15th anniversary of their strategic partnership with ambitions to increase bilateral trade to over 10 billion USD.
At a seminar organized by TheCityUK, Deputy PM Binh recognized the vital contributions of British financial institutions to Vietnam’s ambitions. He appealed for continued expert collaboration to create effective policies. UK Ambassador to Vietnam, Iain Frew, reiterated the importance of the financial centre projects for Vietnam’s growth.
While visiting the London Stock Exchange, Binh met with CEO Julia Holgate, who confirmed ongoing cooperation on stock market enhancements aimed at achieving emerging market status for Vietnam. Binh advocated for greater market transparency and liquidity, leveraging advanced technologies.
Binh’s discussions also encompassed opportunities with Barnaby Swire, Chairman of Swire Group, urging further investments in Vietnam, particularly in sustainable industries. Swire expressed strong commitment to long-term investments in Vietnam, including in Coca-Cola and aviation projects, and pledged collaboration on developing Vietnam’s financial centres further, leveraging his group’s experience from successful projects in other regions.
The meetings between Deputy Prime Minister Nguyen Hoa Binh and British officials showcase Vietnam’s proactive approach to strengthening its strategic partnership with the UK, particularly in developing financial centres and attracting investments. The collaboration aims to enhance Vietnam’s financial landscape and promote bilateral trade, with both nations committed to addressing challenges and fostering cooperation across multiple sectors. Through expert engagement and international partnerships, the vision for Vietnam’s financial sector is poised for significant advancement.
Original Source: en.vietnamplus.vn
