Ho Chi Minh City signed a cooperation agreement with Nasdaq (USA) to develop an international financial center.

On October 17, at the headquarters of Nasdaq Stock Exchange (New York, USA), the Memorandum of Understanding (MOU) signing ceremony between Nasdaq and the Ho Chi Minh City Department of Finance took place. The event aims to promote cooperation in developing the Vietnam International Financial Center in Ho Chi Minh City.

The ceremony was attended and witnessed by Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc and leaders of the city's departments and branches; Mr. Chuck Mack - Senior Vice President, Director of Strategy and Public Policy of Nasdaq; representatives of international investment funds and American enterprises...

Nasdaq is the world's first and largest electronic stock exchange, home to leading technology companies such as Apple, Microsoft, Google, Amazon, Meta, Tesla, PayPal and Intel. As the world's largest stock exchange, Nasdaq provides innovative services and technologies to help raise capital, transform business models and drive economic growth internationally.

- Ảnh 2. — Chairman of Ho Chi Minh City People's Committee Nguyen Van Duoc with representatives of Nasdaq, investment funds and businesses in front of Times Square

Ho Chi Minh City has been designated by the National Assembly of Vietnam as the locality to build the Vietnam International Financial Center, aiming to become the financial, industrial and innovation center of Southeast Asia. The Ho Chi Minh City Department of Finance is assigned to coordinate and implement policies and initiatives related to the establishment of this center.

The event 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.

According to the content of the Memorandum of Understanding, the two sides agreed to cooperate in 5 main areas: promoting strategic cooperation in governance, capacity building, cross-listing and product development. Training human resources for the Ho Chi Minh City international financial center, especially in the fields of securities, bonds, derivatives, digital assets and carbon credit markets. Strengthening connections between the Vietnamese, US and international financial communities...

- Ảnh 3. — Times Square celebrates the signing of the MOU between Nasdaq and Ho Chi Minh City on the development of an international financial center

The two sides also agreed to establish a Joint Working Group to develop an action plan, monitor progress and resolve difficulties during implementation. The Working Group will meet regularly at least twice a year, in person or online. After the Ho Chi Minh City International Financial Center Management Agency is established, the MOU will be transferred to this agency for further implementation.

The signing ceremony marks an important first step in the cooperation between Ho Chi Minh City and Nasdaq, contributing to enhancing management capacity, connecting Vietnam's capital market with the international market and creating conditions to attract high-quality capital flows into the fields of finance - technology - innovation.