Hessen state ready to support Vietnam in developing int’l financial centre

The German state of Hessen stands ready to support and cooperate with Vietnam in developing international financial centres, particularly in training, consulting, and investment promotion, its Minister of Science and Research, Arts and Culture Timon Gremmels said on October 21.

During a meeting with Permanent Deputy Prime Minister Nguyen Hoa Binh in Hanoi, Gremmels said many German businesses and investors view Vietnam as an attractive destination with vast opportunities and potential for cooperation.

He expressed his hope that the Vietnamese Government will continue to create favourable conditions for German investors to establish long-term and effective partnerships, serving the mutual interests and development of both sides.

For his part, Deputy PM Binh affirmed that Vietnam always treasures and wishes to further deepen its strategic partnership with Germany, including Hessen. He noted the Vietnam – Germany strategic partnership has expanded across multiple fields such as politics, economy, education, science, and technology.

The host also shared about his working visit to Hessen in March to study the state’s experience in developing international financial centres, and his attendance at the World Alliance of International Financial Centres (WAIFC) annual meeting in Frankfurt in October.

Vietnam, he said, looks forward to stronger cooperation with Hessen in developing an international financial centre, as well as in labour and employment, given Germany’s growing demand for healthcare and technical workers and Vietnam’s capacity to meet it.

The Deputy PM also thanked the Hessen State Symphony Orchestra for its recent successful performances in Hanoi and Ho Chi Minh City to mark the 50th anniversary of Vietnam – Germany diplomatic ties.

Both sides expressed satisfaction with the strong and fruitful partnership between the two countries, highlighting the Vietnamese-German University (VGU) as a flagship project in bilateral cooperation.

Given Vietnam’s plan to establish an international financial centre, Germany, particularly Hessen state, has provided valuable support. The VGU has already conducted two courses in international finance and plans to offer more in the future, with students benefiting from high-quality instruction delivered by leading financial experts from Germany, including those from Hessen.

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