Finance Minister Ho Duc Phoc (R) and Luxembourg Finance Minister Yuriko Backes at a meeting on July 7 (Photo: VNA)Finance Minister Ho Duc Phoc meets with CEO of the Luxembourg Stock Exchange Julie Becker. He also called for assistance in the formation of a carbon market as Vietnam is working to build a plan on the establishment of this market.Minister Backes noted Vietnam is a developing economy that needs considerable investment to conduct green transition. It hopes for the latter’s help with institutional building; technology for digital transformation; transparent, safe, healthy and sustainable operation of the stock market; and development of high-quality human resources, the official went on.At LuxSE, Minister Phoc chaired a roundtable workshop on connecting the two countries in building a green capital market. The event attracted representatives of Luxembourg authorities along with investment funds, businesses, and major investors from Luxembourg and some neighbouring countries.In addition, Phoc had a working session with Vice President of the European Investment Bank (EIB) Kris Peeters to discuss the EIB loan of 500 million EUR (548.5 million USD) for Vietnam to carry out energy transition. He also called for the bank’s promotion of financial support for environmental and urban transport projects in the country.During the trip, the MoF delegation also visited the Luxembourg House of Financial Technology (LHoFT)./.

Source: Viet Nam News July 09, 2023 16:14 UTC