The above information was shared by Mr. Nguyen Van Duoc, Chairman of the Ho Chi Minh City People's Committee, at a meeting with Mr. Peng Yang, CEO of Ant International (Singapore), to discuss cooperation opportunities to develop the Vietnam International Finance Center in Ho Chi Minh City (IFC-HCM) within the framework of the first Autumn Economic Forum.
According to Mr. Duoc, IFC-HCM has received a lot of attention and support from large corporations and financial institutions in the world . It is expected that IFC-HCM will be put into operation in December. Ho Chi Minh City welcomes and hopes that businesses will join in building IFC-HCM, setting up headquarters, and developing operations in Ho Chi Minh City.
Many large corporations, financial institutions and international experts are interested in development cooperation opportunities in Vietnam and Ho Chi Minh City at the Autumn Economic Forum organized by the Prime Minister .
Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc welcomed Ant International's interest in Ho Chi Minh City; assessed that Ant International has many strengths that are suitable for the city's orientation, especially in the field of digital payments and technological innovation.
The Chairman of the Ho Chi Minh City People's Committee also said that preparations for the operation of IFC-HCM are nearly complete. Ho Chi Minh City is working with Nasdaq Finance to build a modern, open and integrated financial ecosystem.
Mr. Peng Yang emphasized that Ant International is committed to accompanying Ho Chi Minh City in the process of building and developing IFC-HCM. The Group is considering moving a digital payment research and development center to Ho Chi Minh City, while expanding support services for small and medium-sized enterprises.
This business leader also recommended that Ho Chi Minh City not only needs to learn from the models of major financial centers in the world but also needs to create its own identity and difference to become attractive.
He suggested that Ho Chi Minh City could aim to become a global trade center, deploy a "sandbox" testing mechanism and specific policies to promote innovation in the financial and trade sectors.
According to CEO Ant International, Ho Chi Minh City can become a regional innovation hub, especially in the fields of AI and digital technology. He sees more and more large technology corporations coming to Vietnam to set up data centers, creating a strong driving force for the development of IFC-HCM.
Chairman of Ho Chi Minh City People's Committee received and worked with Mr. Peng Yang on cooperation opportunities to develop the Vietnam International Finance Center in Ho Chi Minh City.
Also within the framework of the Autumn Economic Forum 2025, Ho Chi Minh City and Binance Group signed and exchanged a Memorandum of Understanding (MOU) to promote the development of IFC-HCM. The two sides agreed to cooperate through practical exchanges and consulting support on digital assets and blockchain technology, in compliance with Vietnamese law, international law, international treaties to which Vietnam is a member and in compliance with international practices and standards.
The signing ceremony between the Ho Chi Minh City Department of Finance and Binance was attended and witnessed by Prime Minister Pham Minh Chinh, Deputy Prime Minister Bui Thanh Son and leaders of Ho Chi Minh City.
Along with that is implementing capacity building through organizing training programs and seminars for management agencies, exchanging experiences of human resources and financial experts as well as key expert exchange programs.
The two sides will explore the possibility of cooperation to provide consulting support for setting up payment infrastructure using digital assets, as well as solutions applying artificial intelligence (AI); blockchain, and developing an innovative business ecosystem applying digital technology, blockchain and financial technology.
Binance will also facilitate connections with international financial institutions and investors, and may co-host promotional events in Ho Chi Minh City and other relevant jurisdictions.
Regarding the method of operation, the two sides also agreed to establish a joint working group to develop an action plan, monitor progress and remove difficulties during implementation.
This working group will meet regularly at least twice a year, either in person or online.
Within the framework of the Autumn Economic Forum, Prime Minister Pham Minh Chinh and leaders of Ho Chi Minh City had a working session with major financial corporations on building the IFC ecosystem in Vietnam.
The agreement between Ho Chi Minh City and Binance is expected to contribute to improving management capacity, expanding the connection between Vietnam's capital market and the international market, and attracting high-quality capital flows into the fields of finance, technology, and innovation. This also affirms Ho Chi Minh City's commitment to building a dynamic, transparent, and sustainable international financial center, in line with Vietnam's development vision to 2030.
Ho Chi Minh City and Da Nang are the two operating locations of the Vietnam International Finance Center. The Ho Chi Minh City Department of Finance has been assigned by the Ho Chi Minh City People's Committee to preside over, coordinate and implement policies for this establishment.
Informing investors at the meeting and dialogue with 500 global CEOs, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc said that the city is urgently completing the best conditions to be ready to operate IFC-HCM in December this year, and at the same time committed to creating an attractive environment to attract investors.
Ho Chi Minh City has identified a land fund of nearly 10 hectares right in the center of Thu Thiem New Urban Area to build the IFC headquarters. During the construction period of about 2 years, the temporary headquarters of the financial center will be located at building number 8 Nguyen Hue, Saigon ward.
Source: https://vtcnews.vn/gan-30-tap-doan-tai-chinh-sap-den-tp-hcm-tham-gia-trung-tam-tai-chinh-quoc-te-ar989663.html
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