The visit coincided with the announcement of the upgrade of relations between Vietnam and the UK to a Comprehensive Strategic Partnership, opening up numerous opportunities for extensive cooperation in finance, investment, and technology.
Speaking at a meeting with representatives of the Lodon Stock Exchange (LSE), Dr. Nguyen Thi Phuong Thao - Permanent Vice Chairwoman of HDBank Board of Directors, President of Vietjet, stated that Vietnam aims for GDP growth of over 10 per cent annually after 2026, necessitating significant long-term capital mobilization.
"We hope to expand cooperation with the London capital market through flexible forms such as dual listing, international bond issuance, or other financial instruments to meet the sustainable growth needs of Vietnamese enterprises," she added.
LSE currently lists over 1,600 international companies and is a leading global bond issuance center with a market size of approximately $34 trillion. Two major Vietnamese investment funds, VinaCapital Vietnam Opportunity Fund (VOF) and Vietnam Enterprise Investments Limited (VEIL), are also listed here.
Dr. Thao shared plans to expand listings to include more companies within their ecosystem, covering consumer finance, securities, aircraft finance, and logistics. With a return on equity (ROE) of 20 - 25 per cent, she believes that if Vietnamese enterprises can securitize and list internationally, they will attract significant global capital flows and contribute to the vibrancy of the London financial market. "We wish to contribute to showcasing a dynamic, integrated, and robustly developing Vietnam to the world," she said.
In addition, HDBank and LSE also discussed establishing a cooperation mechanism in international capital mobilization and advisory. Initial discussions indicate that HDBank and LSE will consider setting up a cooperation mechanism in international capital mobilization and advisory for Vietnamese enterprises, including issuing valuable papers, international bonds, and new investment products.
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