Vietnam turns to the UK for banking expertise

Will expand cooperation in banking and finance.

Vietnam intends to boost cooperation with the United Kingdom in banking, finance, building financial centers in Hanoi and Ho Chi Minh City and in personnel training for the banking and finance sector.

Prime Minister Nguyen Tan Dung praised the outcome of working sessions between the UK and Vietnamese agencies during the recent visit of Sir David Wootton, former Lord Mayor of London and currently an Alderman, saying the visit will contribute to strengthening the cooperation between both countries in banking, finance, securities and insurance.

The UK businessmen who accompanied Wootton have a special interest in the Vietnamese market and consider it an attractive investment destination.

Wootton praised Vietnam’s flexible response to the global economic recession and its policies in managing the macro economy, finance and currency and controlling inflation. This has created favorable investment conditions and increased the trust of foreign investors.

He also hoped that business links forged between Vietnam and the UK will realize both countries’ ambitions of improving two-way trade to US$4 billion this year and increasing UK direct investment in Vietnam.