At a meeting with Head of International Affairs at Citigroup Ernesto Torres Cantu in Hanoi on October 16, Thang highlighted Viet Nam’s goal of achieving average annual GDP growth of at least 10% during the 2026-2030 period. He expressed his appreciation for Citibank’s stable operations in Viet Nam and its contributions to corporate banking, trade finance, cash management and community activities.
    |
 |
|
Deputy Prime Minister Nguyen Van Thang (right) meets with Head of International Affairs at Citigroup Ernesto Torres Cantu in Hanoi on October 16, 2026. |
Thang reaffirmed the Government’s consistent commitment to balancing economic growth with macroeconomic stability. He praised Citibank for maintaining stable, safe and effective operations and complying with Vietnamese law, as well as for its risk management practices.
He also appreciated the bank’s provision of modern financial solutions in corporate banking, trade finance and cash management, along with its community programs focusing on education and skills development.
As Vietnam and the U.S. continue to advance their Comprehensive Strategic Partnership, Vietnam values the role of long-established U.S. businesses such as Citigroup as a bridge, contributing to attracting high-quality investment and helping Vietnamese enterprises connect with global financial networks, Thang said.
He stressed that the Government of Vietnam always listens to foreign businesses and stands ready to create favourable conditions for major U.S. financial institutions to invest and operate effectively in Vietnam over the long term.
For his part, Cantu thanked Vietnamese authorities for their support, saying it will enable the group to make greater contributions to the country’s development.
He praised the Vietnamese Government’s efforts to improve the business and investment climate, adding that exchanges between Citigroup and Vietnamese regulators have become more open and convenient.
Bringing international investors to Viet Nam is one of the group’s missions, he said, affirming its readiness to help Vietnamese businesses access international markets.
Cantu also said Citigroup will work more closely with the Ministry of Finance to improve Viet Nam’s sovereign credit rating and strengthen its standing in global financial markets. The group sees considerable opportunities to support the country’s growth ambitions and is exploring financing solutions for Viet Nam’s energy sector.
Thang welcomed the proposals, noting that Viet Nam aims to mobilize resources from across society, including international financial institutions, to support rapid economic development.
He called on Citibank to share international experience and work with Vietnamese authorities on digital transformation, international payments and solutions to support sustainable business growth. He also encouraged the group to contribute to the development of Viet Nam's international financial center in Ho Chi Minh City and Da Nang.
The deputy PM further urged Citigroup to convey Viet Nam’s goodwill and commitment to cooperation to the U.S. Government, helping advance negotiations on a reciprocal, fair and balanced trade agreement for the benefit of businesses and people in both countries.
With Viet Nam set to host APEC 2027, Thang invited Citigroup’s senior leaders to attend the APEC CEO Summit and called for close cooperation to ensure the success of the event, which is expected to help attract investment, promote technology transfer and strengthen Viet Nam’s economic competitiveness.
Source: VNA