During his four-day visit to Vietnam, the Lord Mayor of the City of London, Michael Mainelli, engaged with representatives from the Ministry of Planning and Investment, the State Bank of Vietnam, the Ministry of Finance, and the Central Economic Committee. The discussions centered around Vietnam’s approach to establishing an international financial center and sharing UK expertise in this domain.
Lord Mayor of London in discussions with State Bank of Vietnam leaders
Accompanying the Lord Mayor were experts from TheCityUK, an organization that has closely collaborated with the Vietnamese government to offer recommendations and build capabilities to support Vietnam in designing an international financial center befitting its dynamic and rapidly growing economy.
As the second-largest exporter of financial services globally, with exports totaling £88.7 billion in 2022, and home to 170 foreign bank headquarters and branches, the UK has a wealth of knowledge to share.
As the first Lord Mayor of the City of London to visit Vietnam in a decade, Mr. Michael Mainelli’s trip underscores the UK’s desire to forge closer collaboration with Vietnam and ASEAN in the financial services sector.
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