Vietnam Investment Conference held in London

Friday, 2019-07-05 13:39:11
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Finance Minister Dinh Tien Dung affirms that the UK is an important economic partner of Vietnam while Vietnam is an important economic partner of the UK in Southeast Asia. (Photo:VNA)
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NDO – The Vietnam Investment Conference, chaired by Minister of Finance Dinh Tien Dung, took place on July 4 in London, attracting the special attention of over 200 foreign investors in London.

>>> Vietnam, UK share experience in finance

Addressing the event, Minister Dinh Tien Dung affirmed that the UK is an important economic partner of Vietnam while Vietnam is an important economic partner of the UK in Southeast Asia.

Vietnam has seen strong economic growth and a stable political situation, he said, adding that the country has reformed its economy, equitised State-owned enterprises and developed the securities market. He added that the Vietnamese Government has completed mechanisms and policies to promote the reform of the State-owned sector, thus ensuring an open and transparent market.

According to Alderman William Rusell, Alderman for the Ward of Bread Street in the City of London, said that he will lead a Fintech delegation to visit Vietnam in 2020.

Meanwhile, UK Ambassador to Vietnam Gareth Ward said that the visits of Vietnamese Minister of Education and Training Phung Xuan Nha and Minister of Finance Dung to the UK in the first seven months of this year are good signals for strong cooperation between the two countries in the future.

Foreign investors at the event showed their interest in many sectors in Vietnam, including the capital market, secondary market, insurance, climate change response, sustainable development and education.

Minister Dung said that Vietnam has great financial demand in all fields, such as capital market development, securities market, insurance, infrastructure development, and restructuring of State-owned enterprises.

The London financial market has maintained high growth with strong capacity for capital mobilisation, which is suitable to Vietnam’s demand, he said.

Chairman of the State Securities Commission Tran Van Dung expressed his hope that after the event, indirect investment from the UK in Vietnam will rise, prompting the development of the domestic securities market.