Minister of Finance Dinh Tien Dung addresses the Viet Nam Investment Conference in London on July 4. — Photo tapchitaichinh.vn The three biggest concerns for UK investors when investing in Viet Nam were labour, market institutions and infrastructure. Dominic Scriven, CEO and co-founder of Dragon Capital investment fund made the statement during an interview with Nguoi Dong Hanh online newspaper in London on Thursday during the Viet Nam Investment Conference, chaired by Minister of Finance Dinh Tien Dung. Dung is leading a delegation from the finance ministry and the State Securities Commission of Viet Nam (SSC) on a trip to the UK from July 2-8. The conference was co-organised by the Vietnamese Ministry of Finance to create a dialogue between Vietnamese policymakers and UK businesses, helping them understand the Vietnamese market and its potential. The event was packed, which, according to Scriven, which showed the deep interest of UK investors in the Vietnamese market. … [Read more...] about UK investors concerned about Vietnamese market institutions
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Ian Gibbons Vietnam will host its biggest investment promotion forum to date in London this week. What is your view on this? I’m excited about the forum for several reasons. First, it will create further synergies for the UK and Vietnam to work together, enhancing our already close co-operation. I hope that the forum will provide potential British investors with information about the opportunities in Vietnam and create a platform for policy dialogue for UK companies to share their thoughts. Also, I’m delighted that the forum will be hosted in the city of London, which is the global hub for financial services. We are proud that the UK is the world leader for financial services and insurance exports. We have the expertise, we have the experience, and we have global talent in London. The forum is co-hosted by Vietnam’s Ministry of Finance, the UK’s Department for International Trade, and the UK-ASEAN Business Council. I know how hard these organisations … [Read more...] about Bilateral UK relations set to soar ever higher
Mr. Tan Haifeng, Aviva Vietnam’s CFO and appointed actuary Actuaries are generally regarded as playing a very important role in emerging markets like Vietnam to promote and design insurance products. As Aviva Vietnam’s appointed actuary, what do you think about this? The Actuary plays an equally important role with other insurance colleagues across the value chain to achieve customer satisfaction. We can only deliver excellent experiences to customers when we all put customers at the heart of our decisions and collaborate seamlessly. The actuary takes greater accountability in ensuring fairness and sustainability. Here, fairness is about bringing good product value to customers, fair pricing, and overall fairness between existing and new customers, the right rewards for customer loyalty, and adequate rewards for distribution advice. In short, it’s about value optimisation across customer segments, distribution, and shareholders. Sustainability is about the peace of … [Read more...] about A universal life insurance product tailored for Vietnamese
UK vote designed to bring Brexit clarity. But can politicians finally agree? There is an over-used saying about negotiations with the European Union: "Nothing is agreed until everything is agreed." But in the case of Brexit, that agreement may never come. Britain's political deadlock over its biggest challenge for decades may never be broken. In a series of votes in Britain's House of Commons Tuesday evening, lawmakers will try to take control of Brexit from UK Prime Minister Theresa May's government, which has failed to get parliamentary approval for her plan for leaving the EU. Several amendments expected to be put to a vote should, in theory, finally bring some clarity over what kind of Brexit will win the most support. But that is only in theory. Even as events unfolded Monday, with momentum building around two key amendments, opposing factions were trying to block them. It is possible that, when the time comes for voting, just after 7 p.m. UK time, nothing will pass. And with … [Read more...] about UK vote designed to bring Brexit clarity. But can politicians finally agree?
As part of his recent visit to Vietnam, Mark Field, Minister of State for Asia and the Pacific at the Foreign & Commonwealth Office, discussed how the UK and Vietnam can boost business ties despite the UK’s upcoming split from the European Union. Mark Field, Minister of State for Asia and the Pacific at the Foreign & Commonwealth Office This is my third visit to Vietnam over the past 12 months, which involved meetings with the Vietnamese government as part of both country’s joint strategic partnership. First of all, I would like to say that our bilateral relations continue to go from strength to strength, despite hysteria over the UK leaving the European Union (Brexit). Last year, our bilateral trade increased by 11 per cent to reach $6 billion. We are very keen to see the EU–Vietnam Free Trade Agreement (EVFTA) take effect, as we played the leading role in the deal. Ultimately, we also hope to see a similar trade agreement between our two countries, … [Read more...] about Brighter prospects for Vietnam UK ties following Brexit