Vietnam, UK boost finance cooperation

The UK is ready to provide technical assistance to help increase the efficiency of the Vietnamese economy, UK Chancellor of the Exchequer Philip Hammond said on Wednesday.

At a reception for Vietnamese Finance Minister Dinh Tien Dung who is on a working trip to the UK from Tuesday to Saturday, Mr. Hammond said the UK wants to increase cooperation with Vietnam in preventing money laundering. He urged Vietnam to continue to open its financial market to British enterprises.

Dung briefed his host on Vietnam's economic situation and measures its Government has taken to boost economic growth, reduce public debts, maintain low inflation, step up economic restructuring, and attract more direct and indirect investment.

The Vietnamese delegation had a working session with Nikhil Rathi, CEO of London Stock Exchange PLC. Mr. Dung said that the UK's indirect investment in Vietnam, nearly 1 billion USD, is quite modest compared to the UK investors' potential and the Vietnamese market's capacity.

Source: VOV5