The meetings formed part of activities on the US East Coast to promote investment and cooperation in developing an international financial centre in Vietnam. The same day, the Deputy PM chaired a working session with the UN Deputy Secretary-General, leaders of several UN agencies, ambassadors, and representatives of developing countries to discuss measures to advance South-South and triangular cooperation.

In discussions with financial institutions and investment funds, Nguyen Hoa Binh said that as the Vietnam-US Comprehensive Strategic Partnership develops, the visit is designed  to implement high-level commitments between the two countries, especially following Party General Secretary To Lam’s visit to the US in late February. It also aims to introduce Vietnam’s international financial centre, call for investment, and build connections with leading US partners in finance and banking.

At a meeting with KraneShares, founded in 2013 with a focus on Asia, founder and CEO Jonathan Krane recommended that Vietnam develop compelling investment narratives and proposed organising international events such as a “Vietnam Day” at the New York Stock Exchange to promote market potential.

José Fernández da Ponte, President of the Stellar Development Foundation, showed  interest in establishing cooperation with Vietnam in payments and financial infrastructure, and said the foundation is ready to take part in major financial conferences and events in Vietnam in the coming period.

Richard Sobel of Polymorphic Capital outlined key factors for attracting investment, including the rule of law, depoliticising business activities, human resource development, and fast administrative processing. He said establishing an international financial centre is the right direction given Vietnam’s strengths in human resources, strategic location, and regional connectivity. He also suggested focusing on talent, capital attraction, startup development, and clearer, faster administrative procedures. Polymorphic Capital said it is ready to support connections and introduce investment opportunities in Vietnam’s financial centre to its global network.

Marc Mezvinsky, Managing Partner at TPG Inc., citing his long-standing ties and interest in Vietnam, said he has followed the country’s positive development and is seeking cooperation and investment opportunities. TPG is one of the world’s leading private investment firms, with more than US$300 billion in assets under management.

At a meeting with Kraken, CEO David Ripley said the company is willing to learn more and engage in policy dialogue with Vietnamese regulators on developing the financial centre. As a pioneer in cryptocurrency and blockchain, Kraken, founded in 2011 as a crypto exchange, has developed into a multi-asset financial services platform. The company recommended open dialogue between businesses and regulators to build a clear and consistent legal framework, balanced policies between innovation and user protection, prioritising security, compliance and risk management in the crypto market, and learning from international experience while adapting to Vietnam’s conditions.

Deputy PM  welcomed the recommendations and proposals, stressing that the Vietnamese Government will accompany and listen to investors. With financial technologies that remain new globally and in Vietnam, support from financial institutions and investment funds will help refine policies currently under pilot implementation.

In a separate meeting, Deputy PM Nguyen Hoa Binh met ambassadors from African and small island countries, with the participation of UN Deputy Secretary-General Rabab Fatima, to discuss South–South and triangular cooperation for sustainable development.

In opening remarks, Binh said that amid deep global instability, countries need to renew thinking and cooperation methods. He called for elevating South-South and triangular cooperation into a new pillar of international relations and a driver of development, making use of complementarities among developing countries in population and resources to improve effectiveness in global multilateral frameworks. He emphasised equal, substantive, inclusive, and strategic cooperation, respect for national priorities, co-creation, and application of technology.

He said the 14th National Congress of the Communist Party of Vietnam has set out breakthrough strategic decisions, including a target of average GDP growth of over 10% in 2026-2030. Vietnam is accelerating efforts to realise its vision of becoming a developed, high-income country by 2045, while contributing to global development efforts, particularly among developing countries.

Ambassadors agreed with his remarks, saying South-South cooperation complements North-South cooperation and is becoming a key pillar of global development cooperation.

Rabab Fatima stated that “South–South cooperation has proven effective in delivering practical, adaptable solutions based on the development experience of developing countries.

Many delegates described Vietnam as a successful development model driven by economic reform, international integration, macroeconomic stability, and investment in people. The country has shifted from food shortage to becoming one of the world’s leading agricultural exporters, maintaining strong growth and upper middle-income status. Vietnam is expected to continue sharing experience and working with the international community to advance sustainable, inclusive and self-reliant development among developing countries.

Participants agreed to bolster  cooperation in smart agriculture, food security and agricultural value chains, digital transformation, science and technology, innovation, renewable energy, climate change adaptation and mitigation, human resource training, development finance, and private investment.

The meeting concluded with consensus on moving from political commitments to concrete action and enhancing coordination among countries in the Global South, development partners, and the UN system.

Deputy PM Nguyen Hoa Binh and his delegation left New York later on March 25 to begin their working programme in San Francisco from March 26.

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