What is your assessment of the potential growth of Vietnam in finance and investment areas, in the past years and going forward?

Ever since Vietnam adopted the Open Door Policy, it has gathered increasing attention from regional and global investors in both financial and non-financial sectors. Vietnam’s accession into WTO was a game changer which launched Vietnam as one of the most attractive destinations for investment globally. Looking forward, with the Party’s focus on lifting Vietnam into the next phase of economic and social development and prioritization of private economic sector, the outlook is considered very positive! In particular, the establishment of the IFC, the upgrade of Vietnam stock market to Emerging Market category, the completion of numerous mega infrastructure projects across the country and the continued macro-economic stability will surely help accelerate Vietnam economic growth and attract further substantial foreign capital into the country in the future.

What key financial services is Deutsche Bank offering in Vietnam, and what are your expansion plans in digital banking, green finance, and ESG?

We offer solutions to help our clients manage their cash flow and working capital efficiently. We have also supported clients in meeting their long-term funding needs through both local and international capital markets. At Deutsche Bank, we began our digitalization journey early on. Currently, most client transactions are processed automatically via electronic and digital channels.

We are continuously enhancing our offerings in areas such as FX and interest rate risk management, digital instant payments, and merchant solutions, to help our clients manage their financial operations in a more automated and efficient manner.

In Vietnam, we have supported clients in building green manufacturing facilities and waste-to-energy plants. Globally, Deutsche Bank has cumulatively disbursed €279 billion in sustainable financing and ESG investments as of the end of 2023.

With a global client network, what role does Deutsche Bank play in bringing investment from Germany and the EU into Vietnam, and what are the typical transactions?

As a bank, we play the supporting role to help our clients achieve their global business strategies. We provide inputs to our clients on economic, financial, investment and regulatory environments in Vietnam so they can make informed business decisions. From our perspective, Vietnam has become increasingly attractive to European and German businesses. We continue seeing a strong inflow of FDI from these markets to Vietnam. We have helped financing numerous investment projects of our clients in Vietnam over the past 30 years of operation in this country.

Given Vietnam’s deep financial integration, what policy proposals does Deutsche Bank suggest to improve the investment climate and build a sustainable, transparent, modern financial ecosystem?

We believe that if the government could adopt the right policies for the prospective Vietnam IFC, the country shall be able to attract sizeable investment capital in both direct and in-direct forms. At the same time, Vietnam’s financial market needs more products and domestic investors need more sound investible options. The capital market needs to be developed urgently and healthily to support the ambitious growth target set by the country’s leader. All emerging and developed economies have healthy banking and capital markets at the same time, and Vietnam shall be no exception.

Thank you very much!