Vietnam commits to accompany, listen and create the most favorable conditions for investors.

(Chinhphu.vn) – Permanent Deputy Prime Minister Nguyen Hoa Binh affirmed that the strong, time-tested relationship between Vietnam and the Federal Republic of Germany is a solid foundation for both sides to confidently enter a new, deeper and more comprehensive phase of cooperation.

Permanent Deputy Prime Minister Nguyen Hoa Binh attends the Vietnam International Financial Center Investment Promotion Conference - Photo: VGP/Nguyen Hoang

On the morning of September 30 (local time), in Frankfurt, Federal Republic of Germany, Permanent Deputy Prime Minister Nguyen Hoa Binh attended and spoke at the Vietnam International Financial Center Investment Promotion Conference organized by the Ministry of Finance in coordination with the Vietnamese Embassy in Germany, the Vietnamese Consulate General in Frankfurt and the People's Committee of Da Nang City.

This is an important event, with the presence of many leaders of organizations, financial institutions, corporations, businesses, investors and leading financial experts of Germany. This not only shows deep interest but is also a vivid demonstration of the Vietnam - Germany Strategic Partnership, a relationship that has been nurtured over 50 years and is increasingly going into depth, substance and effectiveness.

Affirming strong internal strength and flexible adaptability

On behalf of the Vietnamese Government, speaking at the Conference, Permanent Deputy Prime Minister Nguyen Hoa Binh thanked the German financial organizations, institutions, corporations, businesses, investors and financial experts for their support, frank comments and valuable experience sharing during the process of Vietnam researching and developing policies for the Vietnam International Financial Center.

Frankfurt is not only the financial heart of Germany and Europe, but also a global symbol of dynamism, discipline and innovation. With hundreds of years of development history, from legal infrastructure, governance model to comprehensive financial ecosystem, Frankfurt is a valuable model that Vietnam is actively learning and aiming for.

Permanent Deputy Prime Minister Nguyen Hoa Binh speaks at the Vietnam International Financial Center Investment Promotion Conference - Photo: VGP/Nguyen Hoang

According to Permanent Deputy Prime Minister Nguyen Hoa Binh, in the context of a global economy with many fluctuations and challenges, Vietnam has demonstrated strong internal strength and flexible adaptability.

Vietnam has been steadfast in its goal of stabilizing the macro economy, controlling inflation, ensuring major balances and achieving extremely positive results. GDP growth in the first 6 months of 2025 reached 7.52%, a high level in many years, a figure that speaks to the resilience of the economy. Foreign direct investment (FDI) continues to be a bright spot, with realized capital in the first 8 months reaching 15.4 billion USD, affirming Vietnam's position in the group of 15 developing countries attracting the largest FDI in the world and being a safe and attractive destination for international investors.

These achievements are not accidental. They are the result of a persistent innovation process, with extremely important contributions from international friends, including the Federal Republic of Germany, a strategic and trustworthy partner of Vietnam. Economic, trade and investment cooperation is a solid pillar and a bright spot in the relationship between the two countries.

In terms of investment, with 505 projects and 2.9 billion USD in registered capital, Germany ranks 3rd out of 24 countries in the EU and 17th out of 149 countries globally investing in Vietnam. Currently, German enterprises have expanded their operations in Vietnam, including very famous multinational corporations such as Siemens, B. Braun, Messer, Mercedes-Benz, Bilfinger, Bosch, Deutsche Bank, Allianz... In the opposite direction, Vietnamese investors have also invested in 44 projects in Germany.

The Vietnam International Financial Center Investment Promotion Conference was organized by the Ministry of Finance in coordination with the Vietnamese Embassy in Germany, the Vietnamese Consulate General in Frankfurt and the People's Committee of Da Nang City - Photo: VGP/Nguyen Hoang

In terms of trade, by the end of August 2025, the two-way trade turnover between Vietnam and Germany will reach over 8.8 billion USD, an increase of 13.8% over the same period in 2024. Of which, Vietnam's exports to Germany will reach 6.2 billion USD and imports will reach 2.6 billion USD. Germany is currently Vietnam's second largest trading partner in the EU and an important transit gateway for Vietnamese goods to other markets in Europe.

"It can be said that this strong, time-tested relationship is a solid foundation for us to confidently enter a new phase of deeper and more comprehensive cooperation," the First Deputy Prime Minister affirmed.

Vietnam is building a socio-economic development plan to enter a new development phase, with the aspiration to become a developed, high-income country by 2045. To realize this aspiration, the urgent requirement is to innovate the growth model, improve national competitiveness, develop a green economy, digital economy and knowledge economy as a global trend.

In that context, the formation of an international financial center is not only the goal of the financial sector but has become an inevitable trend, an important task, an indispensable part of Vietnam's overall strategy of institutional reform and international integration.

Last June, the Vietnamese National Assembly issued a Resolution to establish an International Financial Center with the goal of creating a comprehensive, modern and globally connected financial ecosystem. This decision aims to attract capital flows to serve three strategic breakthroughs: building a comprehensive and advanced legal corridor, developing a synchronous and modern economic infrastructure and attracting high-quality human resources. At the same time, creating a new, flexible policy implementation area and governance model compatible with the requirements of globalization and digital transformation trends.

Permanent Deputy Prime Minister Nguyen Hoa Binh, Chairman of the Da Nang People's Committee and CEO of Frankfurt Main Finance witnessed the signing ceremony of a memorandum of understanding on cooperation and sharing of experience in organizing and operating the international financial center - Photo: VGP/Nguyen Hoang

The participation of global businesses and financial institutions is urgently needed.

Deputy Prime Minister Nguyen Hoa Binh said that the vision for developing Vietnam's financial center is built on solid foundations and unique advantages of Vietnam.

It is the convergence of a stable political foundation; a creative Government that always acts decisively for businesses; abundant human resources, eager to learn, with a strong desire to rise; a solid macro-economy and especially the readiness to welcome the digital financial revolution;…

To turn that vision and great potential into reality, Vietnam is in dire need of the participation of global businesses and financial institutions, including German businesses - a country with advanced science and technology, strong financial potential and goodwill to cooperate, which has proven to be very successful in investing in Vietnam.

"The Vietnamese Government is committed to accompanying, listening and creating the most favorable conditions for investors so that in the spirit of 'harmonious benefits and shared risks', we will work together, win together and enjoy the results together," said Permanent Deputy Prime Minister Nguyen Hoa Binh.

To contribute to developing the Vietnam-Germany Strategic Partnership more deeply and effectively, especially in the process of developing the Financial Center, the First Deputy Prime Minister emphasized three major proposed contents.

Wishing Frankfurt to become a strategic partner in developing the Vietnam International Financial Center

Specifically, first, Vietnam hopes that Frankfurt, as the center and headquarters of the world's leading multinational corporations and financial investment funds, and as one of the world's major financial centers, will become a strategic partner in the process of developing Vietnam's international financial center.

Vietnam proposed establishing a regular cooperation mechanism between the Frankfurt Main Finance Center with relevant agencies and the two cities of Ho Chi Minh City and Da Nang to implement specific cooperation programs on policy making, human resource training and sharing of management and operational experiences.

Second, Vietnam respectfully invites German corporations, enterprises, financial institutions and investors to research and participate in investing in the Vietnam International Financial Center, especially in areas where Germany has strengths and Vietnam has great demand such as green finance, sustainable finance, FinTech, fund management and insurance technology (InsurTech).

Third, the two sides will work together to strengthen connectivity between the two financial markets, promoting Vietnam's role as a gateway to the dynamic ASEAN market and Germany's role as a gateway to the large and high-quality EU market.

"The Vietnamese Government is committed to continuing drastic reforms, creating all favorable conditions, and closely coordinating with partners to successfully build Vietnam's International Financial Center. I believe that, with our highest political determination and your companionship and cooperation, Vietnam's International Financial Center in Ho Chi Minh City and Da Nang will not only be a symbol of Vietnam's prosperity but also become a solid and effective bridge, closely connecting the two economies, actively contributing to the stability and common development of the global financial system and a symbol of the Vietnam-Germany relationship," Deputy Prime Minister Nguyen Hoa Binh emphasized.

At the Conference, witnessed by Deputy Prime Minister Nguyen Hoa Binh and delegates, Chairman of the People's Committee of Da Nang City Pham Duc An and CEO of Frankfurt Main Finance signed a memorandum of understanding on cooperation and sharing of experiences in organizing and operating the International Finance Center; connecting and introducing investors, financial institutions, investment funds to participate in investment, business and operations at the Vietnam International Finance Center in Da Nang and Frankfurt Main Finance; at the same time, supporting capacity building and implementing training programs for staff, management agencies and experts in the financial sector of Da Nang City.

Nguyen Hoang

Source: https://baochinhphu.vn/viet-nam-cam-ket-dong-hanh-lang-nghe-va-tao-dieu-kien-thuan-loi-nhat-cho-cac-nha-dau-tu-102251001120955426.htm