Binh, who is on a working visit to Germany, highly appreciated Hessen’s role in the Vietnam-Germany strategic partnership and expressed Vietnam’s desire to learn from the German state’s experience in establishing and managing a financial centre.

He also acknowledged Hessen’s role as a key economic driver with a high demand for skilled labour, affirming Vietnam is willing to cooperate in providing a skilled workforce, including collaboration with the Vietnam-Germany University.

In celebration of the 50th anniversary of Vietnam-Germany diplomatic relations, he suggested that both sides organize various activities to further strengthen the partnership.

During the meeting, the Minister of Finance of Hessen expressed his delight at the long-standing and strong cooperative relationship between Hessen and Vietnam. He also shared that he previously held the position of Deputy Minister of Science and Technology of Hessen and had been closely involved with the Vietnam-Germany University since its early days as a member of the university council.

Lorz agreed with Binh’s proposals, stating that Hessen is undergoing economic development with a strong demand for high-quality labour.

Hessen will actively support the Vietnam-Germany University in financial training and is ready to assist Vietnam in establishing a financial centre with specific initiatives, he assured his guest.

During the meeting, the Hessen official provided an overview of the Frankfurt financial centre, which is regarded as the gateway to Europe’s economy. The city is home to 280 banks, most of which are international, employing approximately 155,000 financial professionals, with an even larger workforce in related industries. It is also the only city hosting the headquarters of both the German Central Bank and the European Central Bank.

He highlighted that financial development is a key pillar in Frankfurt’s growth strategy, guided by stability, development, and prosperity. Since 2003, the financial services centre under the Hessen Ministry of Finance has operated as a one-stop-shop to address business and investor concerns by connecting them with relevant authorities.

Frankfurt aims to develop a comprehensive financial ecosystem, linking banks, insurance firms, securities, investment, auditing, and asset management institutions with the support of Frankfurt Main Finance. The state government regularly consults experts and reviews policies to ensure timely adjustments while striving to attract international financial institutions, notably the upcoming relocation of the EU’s anti-money laundering agency to Frankfurt.

Meanwhile, Deputy Prime Minister Binh shared that Vietnam is formulating a legal framework for its financial centres and hoped for Hessen’s support in organizational models, investment incentives, and preferential policies. He said Vietnam intends to leverage the Vietnam-Germany University for financial workforce training, and requested Hessen to send financial experts for teaching, training, and capacity-building programmes.

Lorz affirmed Hessen’s willingness to share information, organizational models, and operational experience in financial centre management. He also pledged to support training and connect financial experts from Frankfurt while promoting future cooperation between Hessen and Vietnam.

Vietnam seeks German assistance to financial centre development

VOV.VN - Deputy Prime Minister Nguyen Hoa Binh encouraged German businesses to study and invest in international financial centres that are to take shape in the future in Vietnam, during a roundtable in Frankfurt on March 24.