Permanent Deputy Prime Minister Nguyen Hoa Binh’s visit to the UK on March 18 aimed to strengthen bilateral relations through discussions with UK leaders on financial centre development and trade. Key initiatives included fostering British investment in Vietnam’s economy, enhancing collaboration in various sectors, and addressing regional security concerns.
During his visit to the United Kingdom on March 18, Permanent Deputy Prime Minister Nguyen Hoa Binh engaged in dialogues with UK officials including Deputy PM Angela Rayner and House of Commons Speaker Lindsay Hoyle, to strengthen bilateral ties. He actively participated in a seminar on financial centre development and toured the London Stock Exchange, emphasizing Vietnam’s commitment to enhancing its strategic partnership with the UK.
In discussions with Deputy PM Rayner, Binh sought further collaboration in the financial sector, specifically inviting British businesses to invest in Vietnam and share their expertise in developing financial centres. He highlighted the importance of British support in training skilled professionals and expanding investments in clean and renewable energy sectors.
Deputy PM Rayner acknowledged the potential of Vietnam’s financial centre initiative, expressing readiness to provide support from British experts and businesses, particularly in trade expansion and energy transition cooperation. Both parties committed to fostering high-level exchanges to mark the 15th anniversary of their strategic partnership, aiming to boost bilateral trade to at least 10 billion USD.
During his meeting with Speaker Hoyle, Binh emphasized the importance of parliamentary exchanges and discussed cooperation across various sectors, including trade, health care, and tourism. They also addressed security concerns and reaffirmed their commitment to peaceful conflict resolution in accordance with international law.
At a seminar organized by TheCityUK, Deputy PM Binh praised British entities for their contributions to Vietnam’s financial framework and called for continued collaboration to develop effective policies for financial centre initiatives. UK Ambassador to Vietnam, Iain Frew, emphasized the significance of these projects for Vietnam’s growth and committed to ongoing British assistance.
Nicola Watkinson, Managing Director of TheCityUK, stated that establishing a financial centre in Vietnam would enhance its global standing, providing robust frameworks for various financial institutions. Moreover, during a meeting at the London Stock Exchange with CEO Julia Holgate, Binh discussed upgrading Vietnam’s stock market and improving market transparency and liquidity.
Binh also met with Barnaby Swire, Chairman of Swire Group, to encourage further investments in Vietnam’s green and digital economies. Swire expressed his group’s commitment to expanding operations in Vietnam and highlighted progress in existing projects, such as the Empire City development. He indicated willingness to share expertise in aviation connectivity and real estate development with Vietnam.
In summary, Deputy Prime Minister Nguyen Hoa Binh’s recent visit to the United Kingdom facilitated significant discussions aimed at strengthening the strategic partnership between Vietnam and the UK. Key areas of focus included collaboration in developing financial centres, enhancing trade relations, and mutual support in various economic sectors. Both parties expressed a commitment to deepening cooperation and addressing challenges collaboratively, paving the way for mutual growth and stability.
Original Source: en.vietnamplus.vn
