Vietnam looks for UK support in finalizing financial regulations: NA Chairman
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.
Other News
- PM urges Central bank to ensure positive growth in 2024
- Vietnamese Gov't to continue VAT cut for second half of 2024
- 3,400 taels of gold purchased at the first-in-11-year auction
- HoSE to launch KRX-developed transaction system in early May
- Central bank moves gold auction to tomorrow
- Vietnam’s c.bank sells USD to stabilize exchange rate
- Central bank to auction gold to calm domestic market
- Vietnam's Central Bank ready to steady foreign exchange market
- Finance ministry clears bottlenecks to pave way for stock market upgrade
- Over 60% of Vietnamese use QR codes to pay
Trending
-
Nhon – Hanoi station metro line: An example of Vietnam-EU cooperation
-
Vietnam news in brief - May 4
-
Vietnamese Government steps up efforts to develop market for carbon credits
-
Hanoi: The 'epic victory' of Dien Bien Phu as seen in photos
-
Vietnam seeks more information on Cambodia’s Funan Techo canal project
-
Hanoi strives to ensure smooth high school exams
-
Carnaval Ha Long 2024 woos tourists with fireworks and drone light shows
-
Trivial jobs: Hanoians strive to keep their old trades alive
-
Affordable, quality tours offered at Hanoi Tourism Festival 2024