Standing Deputy PM Nguyen Hoa Binh starts tour to three European countries

During his tour, Nguyen will meet with leaders of these European countries, attend seminars on building and development of international financial centers, and investment forums, meet with business representatives, and visit several stock exchanges.

The tour reflects Viet Nam's consistent policy of advancing cooperation in economic, trade, investment, finance-banking areas with countries, partners and international organizations.

It also aims to concretize Viet Nam's orientations to build regional and international financial centers in Viet Nam.

Currrently, the Government is drafting a resolution on establishment of financial centers in order to promote the mobilization of resources for national development.

The UK is the 6th largest economy and among top 10 investors in the world.

As of December 2024, the UK had 587 active projects in Viet Nam with total registered capital of around US$4,463 billion, ranking 15 out of 147 countries and territories investing in Viet Nam.

The two-way trade grew by 18 percent year-on-year to US$8.424 billion in 2024. Of the figure, Viet Nam's exports to the UK totalled US$7.543 billion, a year-on-year rise of 18.9 percent.

Luxembourg is one of the fastest-growing economies in the EU and has the lowest public debt rate in the world.

As of December 2024, Luxembourg had 64 investment projects in Viet Nam with total capital of US$2.6 billion, ranking 17th out of 139 countries and territories investing in Viet Nam.

The two countries signed a Protocol to expand banking and financial cooperation, with a focus on training and financial technology transfer.

Meanwhile, Germany is the largest EU trading partner and one of the top EU investors in Viet Nam. The two-way trade increased by 5.5 percent year-on-year to more than US$11.7 billion in 2024./.