State Bank Governor Nguyen Van Binh (R) receives former UK Prime Minister (Source :VNA)
Governor of the State Bank of Vietnam Nguyen Van Binh has underscored the role of former Prime Minister of Great Britain and North Ireland Tony Blair and his namesake office in developing the Vietnam – UK strategic partnership.

During a reception in Hanoi on October 19, Binh said the Office of Tony Blair has provided practical and valuable assistance to the Vietnamese Government in strategic areas, including foreign investment attraction, public-private partnership frameworks and of State-owned enterprise reform.

He also hailed the office for pledging to attend and deliver a speech at the seminar “Vietnam becomes a new processing and engineering hub of the world after 2015” slated for October 24 in Hanoi.

The former PM spoke highly of Vietnam’s positive achievements in macro-economic stability and reform, particularly in the banking sector. He said he was optimistic about Vietnam’s economic prospects in light of its membership in the Trans-Pacific Partnership and the Vietnam-EU free trade agreement.

Both sides stressed the need to accelerate economic restructuring with a focus on the finance-banking sector in order to stimulate economic development for the next five years and beyond.

They agreed to work closely in experience sharing, reform, global economic integration and financial market development.

The two sides will help small- and medium-sized enterprises improve their approach to financial access while continuing to restructure commercial banks and strengthen country competitiveness in the region.-VNA