Ho Chi Minh City hopes for experience sharing from London Financial Center
Tuesday, 17/09/2024 14:47 (GMT+7)
Vice Chairman of the Ho Chi Minh City People's Committee Vo Van Hoan expressed his desire for the London Financial Center, one of the four largest financial centers in the world, to share its experience, knowledge, technology and recommendations for improving the legal framework related to the capital market, the movement of global investment flows, fintech and green finance.
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| Leaders witness the signing of the Memorandum of Understanding between the three institutions. (Photo: hcmcpv.org.vn) |
He made the statement on September 16 when he met with a delegation of UK businesses led by Michael Mainelli, Lord Mayor of the City of London, the UK.
During the meeting, Michael Mainelli introduced the London Financial Center and expressed hope that Ho Chi Minh City could build a new financial center with a focus on green infrastructure development. He also mentioned that members of the delegation are keen on promoting cooperation with the city in areas such as trade, education, healthcare, technological innovation and infrastructure.
He expressed his hope that the city government would facilitate UK businesses seeking to explore the investment environment in Ho Chi Minh City, including extending the operating license of the British Council, the UK's international organization for cultural and educational cooperation, which is set to expire at the end of 2024.
On behalf of the city leadership, Mr. Hoan highly appreciated the role of the London Financial Center and shared that Ho Chi Minh City aims to become an international financial hub in the near future. He also emphasized that English is an essential part of education in Vietnam and is now widely taught at various educational levels.
He noted the significance of the Memorandum of Understanding (MOU) signed between three institutions: British University Vietnam (BUV), City St George's University of London, and the Center for Foreign Affairs and Languages Training (CEFALT). He suggested the possibility of establishing a British university in Ho Chi Minh City, specializing in high-tech and financial technology education.
The city is committed to supporting and facilitating UK businesses in exploring investment opportunities and is willing to extend the British Council's operating license in the future.
As part of the meeting, a Memorandum of Understanding (MOU) was signed between British University Vietnam (BUV), City St George's University of London and the CEFALT.
The MOU marks a significant milestone in cooperation between these institutions in cross-border education and reflects the strategic partnership between the UK and Vietnam. The collaboration also signals the presence of British education in Ho Chi Minh City, with plans for the establishment of a British university in the city in the near future./.
Compiled by BTA