Citigroup is exploring ways to raise capital for Vietnam's energy sector and strengthen links between Vietnamese businesses and international financial markets. Representative Ernesto Torres Cantú discussed the plans at an October 16 meeting with Deputy Prime Minister Nguyen Van Thang, VnExpress reported.
The group said it saw opportunities to support Vietnam's growth objectives, bring international investors to the country and help domestic businesses enter overseas markets. The report did not identify funding already disbursed to a specific energy project.
Capital links and credit cooperation
Cantú also discussed closer cooperation with the Ministry of Finance on improving Vietnam's sovereign credit standing and international financial reputation. This was an expression of cooperation, rather than a rating agency's announcement of an upgrade.
He described the investment environment and exchanges with Vietnamese regulators positively. Those comments reflect Citigroup's assessment at the meeting.
Thang said the government was pursuing average annual GDP growth of at least 10% during 2026–2030 while maintaining macroeconomic stability. Mobilising social resources, including finance from international institutions, forms part of that objective. The growth figure is a target for the period.
Citibank's connecting role
The deputy prime minister asked Citibank, a Citigroup bank, to continue attracting quality investment and connecting Vietnamese companies with global financial networks. He said the government would facilitate long-term operations by foreign businesses.
Areas identified for experience-sharing included digital transformation, international payments and sustainable business solutions. Vietnam also sought the group's involvement in developing international financial centres in Ho Chi Minh City and Da Nang, alongside continued economic cooperation between Vietnam and the United States.