This was affirmed by Permanent Deputy Prime Minister Nguyen Hoa Binh at the UK-Vietnam Summit on the International Financial Center held on the morning of September 15 in Hanoi (according to Chinhphu.vn).

Permanent Deputy Prime Minister Nguyen Hoa Binh hopes that the UK and the London Financial Centre will continue to support and accompany Vietnam, especially in promoting and introducing the Vietnam Financial Centre. Photo: VGP/Nguyen Hoang

Speaking at the opening of the Conference, Deputy Prime Minister Nguyen Hoa Binh said that Vietnam has set a very big goal, becoming a high-income developed country by 2045 and committing to zero net emissions. To realize the goal, Vietnam has many policies, including building an international financial center in Vietnam. Without the support of the financial center for Vietnam's breakthrough solutions in the coming time, it will be difficult to implement these policies.

Also according to Permanent Deputy Prime Minister Nguyen Hoa Binh, the Vietnamese Government delegation recently visited and worked in the UK. During the meetings, exchanges and contacts with the UK side, lecturers from leading UK universities, experts, investors and British businesses all assessed the decision to build an international financial center in Vietnam as a wise step and decision, very necessary at this time. For many years, Vietnam has also received a lot of support from the Tony Blair Institute to help Vietnamese ministries and branches in proposing to build and form a policy to build an international financial center in Vietnam.

According to Permanent Deputy Prime Minister Nguyen Hoa Binh, the Vietnamese National Assembly has passed a Resolution on building a Financial Center in Ho Chi Minh City and Da Nang. The Government has an action plan to implement the Resolution of the National Assembly. Many tasks have been actively implemented, including building a legal system, preparing human resources, preparing global connectivity infrastructure in the two cities and ensuring financial security, building a dispute resolution agency if any in the Financial Center including arbitration and courts. This implementation process requires the continued support of experienced partners, especially partners from the UK.

Emphasizing that the London Financial Center is one of the world's leading and prestigious financial centers, the First Deputy Prime Minister expressed his hope that the UK and the London Financial Center will continue to support and accompany Vietnam, especially in promoting and introducing the Vietnamese Financial Center, introducing investors, and attracting resources from London to participate in Vietnam's financial market.

Mayor of the London Financial District Alastair King emphasized that London is one of the world's leading financial service centers with a large capital market, abundant human resources, a favorable legal environment, and a developed innovation ecosystem. London is not only the economic engine of the UK but also a global financial bridge with more than 170 foreign banks headquartered.

Today, London has become a model for other international financial centers such as Singapore and Hong Kong (China). For other international financial centers, London is both a competitor and a reliable partner. If Vietnam learns and references the experience of London's model, it can create high-value jobs, attract international investment, promote capital market development... all of which are essential factors for long-term growth.

"We are ready to share our experience and expertise to support Vietnam on its path to becoming a strong, modern international financial center, and today's conference is very important for the two sides to exchange and have a frank and open dialogue on this content," Mayor of the London Financial District Alastair King affirmed.

According to congthuong.vn

Source: https://huengaynay.vn/kinh-te/vuong-quoc-anh-dong-hanh-thuc-day-dau-tu-vao-trung-tam-tai-chinh-viet-nam-157776.html