The call was made at a business roundtable, organized by the Ho Chi Minh City People's Committee in coordination with the Astana International Financial Centre (AIFC) of Kazakhstan on July 15
"The development of the financial center is one of the strategic spearheads to help transform the growth model, improve resource utilization efficiency, and strengthen Vietnam's position on the international stage," Minister of Finance stated.
The assets under management of securities investment funds remain modest relative to their potential, representing just 6.5% of Vietnam's GDP, compared to 21% in Thailand and 52% in Malaysia.