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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
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Ho Chi Minh City
Sunday, May 11, 2025

Vietnam seeks UK support for international financial center development

By Truc Dao

Must read

HCMC – Vietnam is looking to tap into British expertise and investment to establish an international financial center, Deputy Prime Minister Nguyen Hoa Binh said during a visit to the United Kingdom on March 18.

During a meeting in London with British Deputy Prime Minister Angela Rayner, Binh urged the UK to share financial sector expertise and encourage businesses to invest in Vietnam, the Vietnam News Agency reported.

He also sought UK support in workforce training and policy development to strengthen the country’s financial sector.

Rayner affirmed the UK’s commitment to expanding cooperation between financial institutions, businesses, and experts from both countries. She also highlighted investment opportunities in renewable energy, emphasizing the UK’s interest in supporting Vietnam’s sustainable development goals.

Both sides pledged to leverage existing trade agreements, including the UK-Vietnam Free Trade Agreement (UKVFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), aiming to increase bilateral trade to US$10 billion.

Deputy PM Binh also met with The CityUK, an industry group representing major financial firms such as Standard Chartered, HSBC, and Prudential, where he invited British experts to contribute to Vietnam’s regulatory framework for the financial sector.

British Ambassador to Vietnam Iain Frew described the financial center project as a significant step in economic cooperation and reaffirmed the UK’s support for its development.

Additionally, Binh held talks with Barnaby Swire, chairman of Swire Group, to discuss investment opportunities in Vietnam. Swire, whose company holds stakes in Coca-Cola and Cathay Pacific, expressed interest in expanding investments in Vietnam, including a proposed aircraft maintenance project at Van Don Airport.

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