During the meeting on March 25, the two officials highlighted the effective development of relations between Vietnam and the German state, and agreed to elevate bilateral ties to a higher level.

Binh stated that Vietnam always attaches importance to deepening its strategic partnership with Germany, and with the State of Hessen in particular.

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Vietnamese Deputy Prime Minister Nguyen Hoa Binh (right) shakes hands with Minister-President of Germany’s State of Hessen Boris Rhein. 

He urged Hessen to continue supporting Vietnam in education and training, including providing scholarships for Vietnamese students and researchers, promoting training partnerships between research institutions, expanding the supply of Vietnamese human resources to work in Hessen, and facilitating the Vietnamese community's deep integration into German society, contributing to strengthening the friendship between the two countries.

Rhein showed his belief that the Vietnamese-German University (VGU), established under Hessen’s initiative, offers programs that can support Vietnam in developing financial centers.

The two sides also agreed to work together in organizing practical activities to enhance mutual trust and understanding between the two countries’ people on the occasion of the 50th founding anniversary of diplomatic relations (1975-2025).

On the same day, the Vietnamese official had a working session with Minister of Finance of the State of Hessen Alexander Lorz.

Binh highly valued Hessen’s role in the Vietnam-Germany strategic partnership, expressing Vietnam’s interest in learning from Hessen’s experience in developing and managing financial centers. He affirmed that Vietnam stands ready to cooperate in workforce supply, including partnership with the VGU.

For his part, Lorz agreed with Binh’s proposals, noting that Hessen is undergoing economic development with a high demand for skilled laborers. He affirmed the state’s commitment to supporting the VGU in finance training and developing its financial centers with concrete initiatives.

During the meeting, the Hessen official provided an overview of the Frankfurt Financial Center, which is regarded as the gateway to Europe’s economy, and among the world's top 15 financial hubs.

The Vietnamese guest shared that Vietnam is building a legal framework for its financial centers and hopes for Hessen’s support in organizational models, investment incentives and preferential policies. He stated that Vietnam intends to leverage the VGU for financial workforce training, and proposed Hessen sending financial experts for teaching, training, and developing human resources in Vietnam.

Lorz said Hessen is willing to share information, and experience in organizing and operating financial centers. He also pledged to support training and connect financial experts from Frankfurt while promoting future cooperation between Hessen and Vietnam.

Earlier, on March 23 afternoon, Binh also had meetings with representatives of top German financial firms, including DZ Bank, Brosnan Norden GmbH, Mountain Alliance AG, and DAS Investment. He appreciated the interest and commitment of German experts and major enterprises in supporting the development of international financial centers in Ho Chi Minh City and Da Nang.

He called on German enterprises to pour their investment and do business in Vietnam, and participate in developing the Southeast Asian country’s financial centers.

During his stay, Deputy PM Binh also met with staff and officials of the Vietnamese Consulate General in Frankfurt, during which he underlined the need to boost Vietnam-Germany cooperation in developing international financial hubs and training human resources, and encourage potential investors to engage once these centers are established and operational.

Source: VNA