Deputy Prime Minister Vu Van Ninh hosted a reception in Hanoi on October 7 for visiting Lord Mayor of the City of London Alderman Fiona Woolf, who spoke highly of the Vietnamese Government’s efforts in maintaining macroeconomic stability and curbing inflation.

Woolf informed Ninh of the outcomes of her delegation’s working session with the Finance Ministry on opportunities for access to loans and financial services as well as measures to further enhance trade and investment cooperation between the two countries.

The two sides also discussed opportunities for UK investors to participate in public-private partnership (PPP) projects in Vietnam.

She expressed her hope that Vietnam and the UK will further their collaboration in fields of mutual concern in the time ahead.

Deputy PM Ninh highly valued the UK Government’s commitment to intensifying ties with Vietnam and providing the country with more official development assistance (ODA) and other preferential loans.

He stressed the need for the two countries’ banks to step up cooperation as Vietnam now has a great demand for capital to invest in infrastructure and industry and improve people’s life.

The UK ’s banks have contributed remarkably to bettering Vietnam’s banking system as well as to boosting trade and investment ties between the two countries, the Government official stated.

The Vietnamese Government will create the most favourable conditions for UK investors to do long-term business in Vietnam, he added.-VNA