Slave labour: David Cameron orders firm to prove action

The manifesto, released by the independent membership association for the global FinTech (financial technology services) sector, Innovate Finance, has a few ambitious goals including securing London’s position as the world’s FinTech capital and creating 100,000 jobs.

The British leader said ties between the two countries will further develop in the coming time for mutual interests and for peace, stability and cooperation in the region and the world, reported VNA. Among our many initiatives is an exciting talent partnership with Imperial College Business School and UCL University to provide Innovate Finance members with access to the best computer science and business students for paid internships for their companies.

In its quest to become the leading FinTech centre, at the Summer Budget the government appointed Eileen Burbridge as the UK’s FinTech Special Envoy.

· Investment: For the UK to become the most investment-friendly environment for fintech globally, attracting $4bn of venture investment and $4bn of institutional investment in corporate venture funds, accelerators and innovation programmes.

“Our trade with Vietnam accounts for just 0.5 pct of the UK’s total global trade and I think that indicates the enormous opportunity that there is”, Cameron told a news conference. This ambitious manifesto aims to increase the number of people working in UK FinTech by 100,000 by 2020 – nearly doubling the 135,000 people that now work in this sector.

With the UK FinTech sector generating £20 billion in revenue last year, this is a market with real opportunity for growth. It has taken 42% of all European FinTech investment in 2014.

Vietnam is one of the main source countries for victims of human trafficking in the UK and anti-slavery commissioner Kevin Hyland will lead a fact-finding mission to the south-east Asian nation later this year to look at what more can be done to work with the authorities there. As indicated by industry reports, the UK is only at the start of this dramatic transformation to financial services. Investment grew 136% in 2014, from US$264m in 2013 to US$623m in 2014.

Our manifesto states our intentions to achieve these ambitions and with the help of our sector, we are confident that by 2020 we will unlock the potential of FinTech innovation for the UK economy and make financial services better and more inclusive for future generations.

British Prime Minister David Cameron on Wednesday held talks with Vietnamese leaders in a visit to Hanoi aimed at raising the stakes for two-way trade. Despite this, Silicon Valley still dominates, with fintech investment at over $2bn versus a European total of $1.48bn.