The development of an international financial centre in Ho Chi Minh City must be associated with the planning work and socio-economic development of the locality, as well as a political consensus, according to experts.
Eleven large corporations have registered to study investment in areas under Da Nang’s newly-adjusted planning just after the central city announced information on its adjusted planning by 2030 with vision until 2045 at a ceremony on March 29.
Ho Chi Minh City is set to become a centre of economics and finance in Asia by 2045, boasting sustainable development and high living standards, a municipal official has said.
Ho Chi Minh City lured 3.25 billion USD in foreign direct investment (FDI) in the first nine months of 2020, down 28 percent over the same period last year, reported the city Department of Planning and Investment.
The State Securities Commission was established on November 28, 1996 in line with Decree No. 75/1996/ND-CP of the Government. The Ho Chi Minh City Securities Trading Centre was formed in accordance with a decision dated July 11, 1998.
Prime Minister Nguyen Xuan Phuc has asked the Government Advisory Group to submit a document by April 30 outlining necessary steps to turn Ho Chi Minh City into an international financial centre.
A leader of Ho Chi Minh City on January 17 expressed his hope that the World Bank (WB) will assist Vietnam’s southern economic hub to build an international financial centre.
The Ho Chi Minh City Economic Forum 2019, scheduled to open on October 18, will seek solutions to turn the southern metropolis into a financial centre of the region and the world, heard a press conference on October 8.
An international workshop was held in Ho Chi Minh City on April 12 to discuss the development of an “innovation urban area” in the southern metropolis.
The central city of Da Nang has asked the government to plan part of Da Nang Bay as an ‘urban area in the sea’, in an effort to meet the demands of a rising population and to attract tourism investment.
Deputy Prime Minister Vuong Dinh Hue had working sessions with World Trade Organisation (WTO) leaders in Geneva, Switzerland, on September 15 to enhance WTO’s support for the country’s global economic integration.
The HCM City People’s Committee has proposed the PM to approve the selection of State-owned HCM City Financial Investment Company (HFIC) as investor of the municipal financial centre, reported enternews.vn.
Former US Secretary of State John Kerry said he wants to assist Ho Chi Minh City in attracting foreign investment at a meeting with Secretary of the municipal Party Committee Nguyen Thien Nhan in Hanoi on June 21.
Prime Minister Nguyen Xuan Phuc has noted his hope that Hong Kong - a leading financial centre of the region and the world – can help with credit mobilisation for Vietnam’s development, especially inv
Chairman of the Hanoi People’s Committee Nguyen The Thao met with Alderman Alan Yarrow, Lord Mayor of the City of London in the UK, on September 11 as part of his working visit to the UK.
Business
