Vietnam has the foundation and potential to successfully build an international financial centre, according to Associate Professor Nguyen Dang Bang, a finance expert at the University of Cambridge’s Judge Business School.

Vietnam does not need to choose between a specialised or a comprehensive regional financial centre but can instead adopt a flexible approach to seize opportunities, said Dr. Ho Quoc Tuan, Senior Lecturer in Finance and Accounting at the UK’s University of Bristol.

VOV.VN - Ho Chi Minh City plans to build its international financial centre in the Thu Thiem New Urban Area, covering a total area of 9.2ha, according to the Municipal Department of Science and Technology.

VOV.VN - The Government has approved the Ministry of Finance (MoF)’s proposal to draft a National Assembly resolution on the building of two international financial centres in Vietnam.

Deputy Prime Minister Nguyen Hoa Binh has called on the UK to support Vietnam in training personnel for its planned regional and international financial centres in Ho Chi Minh City and Da Nang.

The Ministry of Planning and Investment (MPI) has proposed a controlled pilot programme for fintech activities, including digital asset and cryptocurrency trades at financial centres.

Prime Minister Pham Minh Chinh on January 21 attended a roundtable on developing the Centre for the Fourth Industrial Revolution (C4IR) and an international financial centre in Ho Chi Minh City, during which he expressed his hope to learn from foreign friends’ experiences in this work.

Vietnam, an emerging financial centre, is seizing a “golden opportunity” to become a competitive player in the international financial arena with progressive legal frameworks and standout initiatives, according to Minister of Planning and Investment Nguyen Chi Dung.

Permanent Deputy Prime Minister Nguyen Hoa Binh has demanded ministries, sectors, and localities to concentrate on five key tasks to make it easier for developing international financial centres in Vietnam.

Deputy Prime Minister and Minister of Foreign Affairs Bui Thanh Son hosted a reception in Hanoi on January 15 for Ali Ijaz Ahmad, Chief Executive Officer of Singapore-based Makara Capital, urging the group to support Vietnam in developing international financial centres.