A view of Ho Chi Minh City (Photo: VNA) Ho Chi Minh City (VNA) - The developmentof an international financial centre in Ho Chi Minh City must be associatedwith the planning work and socio-economic development of the locality, as well as a political consensus, according to experts.
At aseminar on February 17, Dr. CanVan Luc - an economic and financial expert, stressed the necessity to imaginewhat this centre will be like first, saying there are some visualisations of a financial centre but they are yet to be right.
The financial worldis changing very quickly as digital transactions, digital and crypto currencies will be a new financial and monetary trend in the next 5-10 years, Luc said, adding that is why main pillars of the centre should be determined and attention paid to developing financial technology companies (Fintech).
According to Dr. Vo Tri Thanh, Director of the Institute of Branding and Competition Strategy, said municipal authorities should choosea new financial centre model rather than the traditional one and immediately approachan integrated financial one associated with urbanisation and high-qualityservice.
He also underlined the need to issue a legal document in order to immediately deploya project of building an international financial centre in HCM City in order to realisethe idea.
Recently,the municipal People’s Committee signed a Memorandum of Understanding (MoU)with the Import-Export Pan Pacific Group (IPPG) on research and preparing a project tobuild an international financial centre in the southern hub.
As scheduled, the project will be completed inApril./.
