Deputy Prime Minister Vu Van Ninh met Fiona Woolf, Lord Mayor of the City of London, on April 15 as part of his visit to the UK.

At the meeting, the Deputy Prime Minister affirmed Vietnam is actively implementing economic restructuring in order to achieve sustainable growth.

He also asked the City of London, as the world’s leading financial centre, to share experience in the healthy development of financial system and strengthening capital mobilisation, especially through the private-public partnership.

For her part, Woolf expressed her interest in Vietnam’s policy of banking reform, saying she hopes to cooperate and share experience with the country in the field.

According to the Lord Mayor, the Vietnamese market plays an important role to UK investors.

The London financial district, which aims to foster investment and trade in all sectors, is ready to help Vietnam in investment attraction and export promotion, she said.

The same day, Deputy PM Ninh had a working session with leaders and leading economists of the Standard Charter Bank (SCB).

SCB’s leaders thanked the Vietnamese Government for supporting the bank’s effective operations in Vietnam, voicing hope for more support to expand in the future.

They stressed the significance of the Deputy PM’s visit in helping British authorities and businesses understand more about Vietnam’s polices in international integration, and economic restructuring, particularly of the banking system.

The UK business community highly valued Vietnam’s efforts in curbing inflation, stablising the macroeconomy and maintaining positive growth, they declared.

They were also optimistic about the country’s economic development prospects after the encouraging results of banking reform, and discussed the possibility of raising the trust index of international ranking agencies for Vietnamese banks.

The conclusion of negotiations for the EU-Vietnam Free Trade Agreement within 2014 will send a persuasive message to foreign investors, they said, adding that it will open up more cooperation opportunities in trade and investment between Vietnamese enterprises and those from the UK in particular, and between Vietnam and the EU at large.

In April 16, Deputy PM Ninh is scheduled to hold talks with UK Secretary of State William Hague, meet Minister without Portfolio Grant Shapps, and talk with representatives of the Vietnamese community and staff of the Vietnamese Embassy in the UK.-VNA