Permanent Deputy Chairman of the National Assembly's Economic and Financial Committee Le Quang Manh worked with Guangzhou Financial Group on the morning of March 21 - Photo: VGP/Minh Ngoc
On the morning of March 21, in Guangzhou city, Guangdong province, China, Permanent Deputy Chairman of the National Assembly's Economic and Financial Committee Le Quang Manh worked with Guangzhou Finance Holdings Group.
As a large state-owned financial group operating in various fields such as banking, securities, insurance, asset management, investment and financial leasing, Guangzhou Financial Group plays an important role in supporting the economic development of Guangzhou and the Pearl River Delta region. The Group also actively expands its operations internationally, seeking investment opportunities and cooperation with foreign partners.
Thanking the warm and respectful welcome from the Group's leaders, Mr. Le Quang Manh highly appreciated the outstanding achievements of Guangzhou Financial Group in the fields of finance, investment, banking, insurance and support for private enterprise development.
At the same time, he expressed his deep impression of the Group's role, becoming an important driving force to promote Guangzhou's distinctive development in China, especially its important contribution to capital generation and providing modern financial services to private enterprises.
"Vietnam highly values the role of the private economic sector in socio-economic development," Mr. Manh affirmed, adding that in Vietnam, access to finance and capital is one of the biggest challenges for the development of private enterprises - an important force driving the economy, creating jobs and contributing to the state budget.
Vietnam has issued Resolution No. 57 on policies to promote science, technology and digital transformation, which identifies science, technology and innovation as new productive forces, helping to improve labor productivity and national competitiveness; emphasizing the importance of private enterprises in innovation, considering this the center of the digital economic development process.
In addition, Vietnam is researching the establishment of national and regional financial centers in major cities such as Ho Chi Minh City and Da Nang City, with the expectation of creating new growth poles.
Standing Deputy Chairman of the National Assembly's Economic and Financial Committee Le Quang Manh hopes that Guangzhou Financial Group will establish cooperative relations with financial institutions and banks in Vietnam - Photo: VGP/Minh Ngoc
At the meeting, the delegation and Guangzhou Financial Group exchanged and consulted on practical experiences on effective financial models and policies to support the development of private enterprises, especially small and medium enterprises; building a comprehensive financial ecosystem, connecting financial resources with private enterprises; innovative financial solutions such as fintech, green finance, microfinance, and their role in supporting private enterprises; risk assessment mechanisms, appraisal and lending decisions for private enterprises, especially start-ups and innovative enterprises.
In addition, Mr. Le Quang Manh asked the Group to share more about the Chinese Government's policies and support mechanisms for financial corporations in promoting private economic development; the Group's role in implementing the Chinese Government's strategic programs on financial inclusion, supporting small and medium enterprises, etc.
Thanking the Group's leaders for their valuable sharing, Permanent Deputy Director Le Quang Manh also hoped that Guangzhou Financial Group would establish cooperative relationships with financial institutions and banks in Vietnam to exchange experiences and transfer successful models; study the possibility of expanding investment activities and providing financial services in Vietnam, especially products supporting private enterprises; support training and capacity building for Vietnamese financial experts in the fields of corporate finance and risk management.
"Vietnam always welcomes and creates favorable conditions for large investment companies such as Guangzhou Financial Group to invest, cooperate and develop in Vietnam," said Mr. Le Quang Manh./.
Minh Ngoc
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