UK partners drive capital into Vietnam financial international centers

Résumé détaillé

As Vietnam builds its international financial centers in Ho Chi Minh City and Da Nang, financial resources, governance expertise, and technology from the UK ...

Implemented since early 2021, the Free Trade Agreement between Vietnam and the United Kingdom (UKVFTA) has delivered strong trade outcomes. Two-way trade turnover topped £10 billion ($13 billion) in 2025, up 25 percent year-on-year and double the 2020 figure. However, expanding bilateral ties require looking beyond agricultural and garment trades.

Economic relations are entering a deeper phase, marked by Vietnamese technology groups expanding in the UK and aviation deals connecting to Airbus and Rolls-Royce. Rapid real economy expansion demands large-scale financing, increasing domestic need for sophisticated services such as maritime insurance, asset management, supply chain finance, and digital financial tools.

At a seminar titled “From UKVFTA to International Financial Center: Opportunities for Vietnam-UK Investment and Financial Cooperation,” on November 5, Mr. Joshua Ashworth, Head of Trade and Investment at the British Embassy in Vietnam, highlighted the potential for integration. The UK’s financial and related business services sector generates mearly £281 billion ($365 billion), accounting for 12 percent of its GDP. London’s ecosystem holds advantages in trade finance, capital markets, green finance, and fintech, offering potential synergy with Vietnam's growing market.

National Assembly Resolution 222/2025/QH15 and a supporting legal framework have established institutional foundations for VIFC in Ho Chi Minh City and Da Nang. UK institutions and advisory firms offer key support across three areas outlined by Associate Professor Dr. Nghiem Thi Tha, Vice President and Secretary General of the Vietnam Association of Financial Consultants (VAFC).

First, UK firms transfer operational experience. Established British financial institutions and audit firms in Vietnam, including HSBC, Standard Chartered, EY, and KPMG, can help standardize operations and convert UKVFTA commitments into capital flows.

Second, the UK acts as a bridge directing international capital into…

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