Under a recently-approved plan, the northern port city aims to raise its average per capita residential floor area to approximately 37.17 square meters by 2030.
Faced with persistent structural bottlenecks despite a dramatic surge in business numbers and registered capital, Vietnam’s private sector is now seeing widespread optimism as decisive government interventions foster a more transparent, enabling, and proactive business environment.
A UK financial sector delegation has visited Vietnam and attended a conference on determining how to further move the Vietnam International Financial Center from concept to reality.
The project plans to execute 38 joint R&D projects focusing on strategic technologies; drive technology transfer and commercialization; and train high-caliber technical talent, including 20 Ph.D. candidates in South Korea.
The objective is to develop Vung Ang into a dynamic, core growth engine for the North-Central economic region, piloting innovative mechanisms such as a Free Trade Zone (FTZ) to deliver breakthrough socio-economic momentum for the central province and surrounding localities.
All incoming data undergoes cleansing and quality evaluation before integration into the system and is connected directly to the National Financial Database.
A recent McKinsey & Company report highlights the growing opportunity for insurers across Asia as HNWIs and UHNWIs accumulate more assets, and raises important considerations for Vietnam’s insurance market.