Vietnam looks for UK support in finalizing financial regulations: NA Chairman

Jul 01, 2022 / 11:48 AM

Vietnam and the UK would strengthen cooperation in green finance, and digitalization of the financial sector, with the UK's assistance in providing the required resources for Vietnam to realize its commitments at the COP26.

Vietnam expects to receive UK’s support in finalizing legal frameworks in the field of banking and finance, as well as a performance evaluation system for businesses.

Chairman of the National Assembly Vuong Dinh Hue and the Acting Mayor of the City of London Peter Estlin. Source: VNA

Chairman of the National Assembly Vuong Dinh Hue expressed his hope during a meeting with the Acting Mayor of the City of London Peter Estlin on June 29 (local time) in the UK’s capital.

At the meeting, Hue highlighted the role of London as one of the world’s largest financial centers in the world, while many UK finance-banking institutions such as Prudential, HSBC, and Standard Chartered have been effectively operating in Vietnam over the years.

In this regard, Hue called for the UK’s support to help transform Ho Chi Minh City into an international financial center.

“Vietnam wants to learn experience from different countries and financial centers to adopt the best practices that are suitable with the country’s characteristics,” Hue said.

In this regard, Hue called for the UK to share its expertise in the capital, finance, and monetary markets with Vietnam.

Overview of the meeting.

Acting Mayor Estlin expressed his delight at welcoming Vietnam’s National Assembly Chairman to London’s financial district.

He said the UK is willing to cooperate with Vietnam at different levels, as the Southeast Asian country remains a key partner in the UK-ASEAN relations, expressing his support for the partnership between UK banks and Ho Chi Minh City during the city’s quest to become a financial hub.

Estlin also agreed with Hue’s proposal on cooperation in green finance, digitalization of the financial sector, and providing the required resources for Vietnam to realize its commitments at the COP26.

Both sides also expected closer cooperation between the two sides in legal framework consultation, credit rating, and improving liquidity for businesses, with the immediate priority of resuming exchange activities that have been disrupted by the pandemic and boosting bilateral trade.

Vietnam-UK target US$10-billion trade turnover by 2023

30 Jun, 20:12

UK trade minister Anne-Marie Trevelyan said the country wants to be a part of Vietnam’s development story in the 21st century, and fostering bilateral trade relations is among its priorities.

UK multinationals pledge long-term presence in Vietnam

30 Jun, 19:59

Vietnam expects to create the utmost favorable environment for foreign companies to be successful in the country.

Vietnam, UK seek closer relations

30 Jun, 07:16

Vietnam remains supportive and would serve as the bridge for the UK to expand its partnership with ASEAN, calling for the UK parliament to support ASEAN’s central role in the region, as well as Vietnam’s stance on regional security issues.

Vietnam posts five-year high FDI disbursement as investor confidence strengthens nationwide 2025

Despite global economic and geopolitical headwinds, foreign capital flows into Vietnam accelerated in 2025, with investment increasingly concentrated in high value-added sectors, highlighting the country’s growing appeal as a stable, long-term destination for investors.

16 Dec, 10:12 PM

VN-Index set for 2,200-mark next year: JP Morgan

Vietnam’s appeal goes beyond the upgrade, driven by major economic reforms that are lifting business and consumer confidence, as well as improving profit prospects over the next three to five years.

16 Dec, 03:35 PM

Vietnam to launch smart agriculture innovation center in Lang Son

The center is expected to bridge gaps in technology testing, connect farmers with researchers and markets and accelerate sustainable, high-tech agricultural development nationwide.

15 Dec, 07:28 PM

Hanoi urged to train 100,000 digital engineers through online academy

The Capital Strategic Technology Development Forum gathered a wide range of proposals from businesses, experts and investors on how Hanoi should shape its deep-tech development agenda in the coming decades with a long-term vision to 2045.

15 Dec, 07:16 PM

Inclusive innovation must give everyone equal voice, experts say at TECHFEST Vietnam 2025

Open innovation is becoming a cornerstone of Vietnam’s development strategy, as policymakers, experts and international partners emphasize people-centered collaboration to tackle inequality, climate change and urbanization through inclusive, technology-driven solutions showcased at TECHFEST Vietnam 2025.

14 Dec, 02:17 AM