tải bet88 of London visits Vietnam

tải bet88 of London, Professor Michael Mainelli, visited Vietnam from September 16 - 19 to set out the UK’s support for a new international financial centre (IFC) to be developed in the country.

This is the first official visit to Vietnam by tải bet88 of the City of London in a decade.

The IFC development was the lead topic at every meeting held between tải bet88 of the City of London and Vietnam’s financial services experts and leaders.

tải bet88 UK is tải bet88 second largest exporter of financial services in tải bet88 world, exporting£88.7 billion (7.8 billion) in 2022. London, tải bet88 UK’s financial centre, hosts 170 foreign banks andbranches.

tải bet88 UK also is home to 1,600 fintech companies and accounts for 38 per cent ofglobal foreign-exchange trading.

During his 4-day visit, tải bet88 met with a range of government partnersfocused on the IFC’s design to discuss Vietnam’s approach and share Britishinsights. He was warmly welcomed by leaders of the Ministry of Planning and Investment (MPI), the State Bank of Vietnam (SBV) and the Ministry of Finance (MOF).

He was accompanied byrepresentatives from TheCityUK, who have been working closely with tải bet88 Vietnamese government for nearly a year, providing recommendations and capacity building tosupport Vietnam to have an IFC designed to reflect its dynamic and fast-movingeconomy.

“I am delighted to have visited Vietnam, a nationbrimming with opportunity in financial services and technology as I saw firsthand inmeetings with Government officials and business leaders," Lord Mayor Michael Mainelli said. "As tải bet88 first Lord Mayor tovisit Vietnam in 10 years, this visit marks tải bet88 UK’s strong ambition to partner moreclosely in financial services with Vietnam and ASEAN more widely. I look forward tothe exciting collaboration to come between Vietnam’s new international financialcentre and tải bet88 Square Mile.”

Notably, green finance is central to achieving Vietnam’s ambition to be net zero by 2050.Throughout his visit, tải bet88 reaffirmed the UK’s commitment to support Vietnam to achieve its net zero goals.

In December 2022, tải bet88 UK contributed to afinancial package of .5 billion through tải bet88 Just Energy Transition Partnership(JETP) to help Vietnam deliver its net zero commitment by 2050. In addition tofunding, British experts and world-leading businesses stand ready to support Vietnam in their next steps through tải bet88 green transition in sectors such as offshore wind.

In addition, digitalisation is at tải bet88 forefront of how businesses trade internationally and howconsumers access services. Digitally delivered services represented around 79 per cent ofall services exports to theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) countries in 2021. AI is tải bet88 cornerstone of increasingefficiency and quality of services, with significant opportunities for Vietnam toenhance tải bet88 adoption and benefits of AI in key sectors like education andhealthcare.

Accordingly, tải bet88 discussed the potential of AI in digitally deliveredservices with Vietnam’s tech company, MoMo, as well as how to approachregulations to promote innovation with the Ministry of Information andCommunications (MIC) and the Ministry of Science and Technology (MoST).

He also explored tải bet88 opportunity for closer trading relations between tải bet88 UK and Vietnam throughout his engagements with tải bet88 Industry and Trade Ministry (MoIT) and businessleaders from HSBC, Standard Chartered, Dragon Capital and Astra Zeneca.

Vietnam and tải bet88 UK have a thriving bilateral trade relationship which has doubled over thelast decade from £3 to £6 billion ( to .9 billion) by tải bet88 first quarter of 2024. On 15 December,CPTPP will come into force for both countries, thus creating an opportunity for increasedaccess to British services and making it easier for experts to travel between eachother’s countries to do business.

In tải bet88 meeting withthe Lord Mayor, Ms.Michelle Wee, CEOof Standard Chartered Vietnam shared that as a UK-headquartered bank with over 120 years of presence in Vietnam,Standard Chartered is pleased to have been a witness and a contributor to tải bet88 UK –Vietnam relation. "We see tremendous opportunities for UK – Vietnam collaborationin areas such as green finance, education, digital innovation, she added.“Standard Chartered is committed tohelping unlock this potential, supporting sustainable growth and fostering furthereconomic ties between tải bet88 UK and Vietnam.”

Mr. Dominic Scriven, Chairman of Dragon Capital, also commented that as Vietnam embarks on its green finance journey, closercollaboration with tải bet88 UK will be key to achieving tải bet88 country’s net zero ambitionsand fostering a resilient financial ecosystem.“We are gratefulthat our British roots, combined with thirty years of operations in Vietnam, havepositioned us to support tải bet88 implementation of Vietnam’s financial infrastructure andsustainable initiatives," he said.