As part of the ongoing business trip to the UK, on May 22, the delegation of Da Nang, led by municipal People’s Committee Vice Chairman Ho Ky Minh, visited TheCityUK organisation based in London.

Standing Vice Chairman of the Da Nang People's Committee Ho Ky Minh (right) presenting a souvenir to leader of TheCityUK.

In attendance at the working session were Ms. Nicola Watkinson, Director of TheCityUK, representatives of several organisations under TheCityUK, and Mr. Nguyen Tuan Viet, Counselor of the Embassy of Viet Nam in the UK.

Vice Chairman Ho Ky Minh emphasised that Da Nang has been focusing on attracting foreign direct investment in a bid to realise its target of becoming one of major socio-economic hubs of the country and Southeast Asia, and a central hub for innovation start-up, tourism, commerce, finance, logistics, high-tech industry, information technology, and supporting industries.

He took the opportunity to invite UK businesses to the city to invest, do business, travel and live in the city.

The working session in progress

Mr. Minh introduced to TheCityUK the city’s advantages and investment potential, as well as a number of key projects in line with the UK's potential and strengths, including the Da Nang International Financial Centre project.

The two sides exchanged, discussed and clarified the model of the international financial centre in Da Nang, TheCityUK's orientation in implementing the regional business and financial centre project in Viet Nam, and the role of Viet Nam’s major economic centres in this project, including Da Nang.

The city leader proposed TheCityUK to support Da Nang to connect with corporations and strategic investors interested in investment and business opportunities in the city, as well as with the world's leading financial institutions to establish economic organisations in the international financial centre in the central coastal city.

Meanwhile, TheCityUK showed interest in related contents and presented their experience in supporting the development of financial centres in such foreign as Dubai and Kazakhstan.

Accordingly, TheCityUK vowed to make every effort to support Da Nang in the coming time.

Established in 2010 by the UK Ministry of Finance and the former Chairman of Citigroup in 2010, TheCityUK represents many different sectors in the financial and related services industries.

The industries represented by TheCityUK are national assets, contributing more than 12% of the UK’s total GDP. In February 2023, the British Government appointed TheCityUK to implement a project to support Viet Nam to realise its vision of developing Ho Chi Minh City into a regional business and financial centre.

Reporting by GIA MINH - Translating by M.DUNG