Creating a unique identity for the Vietnam International Financial Center in the APEC ecosystem

Tạo bản sắc riêng cho Trung tâm Tài chính quốc tế Việt Nam trong hệ sinh thái APEC - Ảnh 1. — Images of the cooperation signing event were prominently displayed at Times Square (New York), demonstrating Vietnam's determination to support the development of the International Financial Center, opening up opportunities to participate in the global financial network.

In December, the International Financial Center in Ho Chi Minh City will come into operation, opening up opportunities for Vietnam to enter the global financial network. Many experts say the center needs to position its own identity to compete with more than 100 financial centers in the world . With the goal of double-digit growth in the next term, adjusting, perfecting and expanding the scope of application of Resolution 98 will not only remove institutional bottlenecks but also improve the capacity to manage the megacity.

Tạo bản sắc riêng cho Trung tâm Tài chính quốc tế Việt Nam trong hệ sinh thái APEC - Ảnh 2. — *Director of the Department of Science and Technology of Ho Chi Minh City, opening speech at the International Conference on Technology Breakthrough and Innovation - Creating the Future Generation*

This is considered an important step, marking Vietnam's official participation in the network of global financial centers, opening up opportunities to attract large capital flows into technology and smart manufacturing. At the international conference on technological breakthroughs and innovation, creating future generations organized by the Department of Science and Technology of the City, many experts emphasized the need to build a unique mechanism for this financial center.

According to the report at the conference, after announcing the development roadmap for the 2026-2030 period, Ho Chi Minh City will update specific mechanisms on governance, dispute resolution and incentive policies, prioritizing the attraction of ESG capital flows, global green bonds and implementing specific timelines for operation. MSc. Nguyen Truc Van, Director of the Center for Socio -Economic Simulation and Forecasting, Ho Chi Minh City Institute for Development Studies, said that the executive agency in Ho Chi Minh City has the right to develop specific policies according to Resolution 222, higher than the Decree on the National Innovation Center, and at the same time develop additional mechanisms on green finance and innovation.

Tạo bản sắc riêng cho Trung tâm Tài chính quốc tế Việt Nam trong hệ sinh thái APEC - Ảnh 3. — *National and international delegates attended the conference in Ho Chi Minh City, where experts emphasized the need to develop a unique mechanism for the International Financial Center.*

From this advantage, domestic and foreign experts believe that creative startups and digital finance will become two pillars that create a unique identity for the International Finance Center, helping to position core values and differentiate among 121 financial centers in the world. Mr. Edward Lim - Country Director of BLOCK71 Vietnam, National University of Singapore, commented that the biggest step forward in Vietnam today is allowing scientists to own businesses to commercialize research. His school cooperates with the Asian Digital Finance Institute to select outstanding fintech projects and develop them into intellectual property, this model can be completely tested in Vietnam. Ms. Tran Tue Tri, Senior Advisor of Vietnam Brand Purpose, emphasized that financial solutions for small and medium enterprises are the key to creating competitive advantages, and at the same time this is a strategic "niche" that helps the center differentiate itself in the global market.

Tạo bản sắc riêng cho Trung tâm Tài chính quốc tế Việt Nam trong hệ sinh thái APEC - Ảnh 4. — *Illustration of the goal of attracting large capital flows into technology and smart manufacturing when the International Financial Center comes into operation*

The Vietnam International Finance Center’s governing body will develop a set of criteria for selecting members, approach strategic investors, and implement memorandums of understanding with international financial institutions such as Finance and Nasdaq. At the same time, the center will develop a fintech ecosystem to promote innovation. Experts agree that the center not only needs to attract capital but also build a transparent governance system, a deep capital market, and a modern banking cooperation platform that applies technology, helping Vietnam gradually integrate into the financial ecosystem of the APEC region.

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