Vietnam's International Financial Center in Ho Chi Minh City (VIFC-HCMC), in collaboration with the London Stock Exchange (LSE), hosted a high-level investment forum and officially launched the HCMC Fintech Hub on April 14, reported Radio the Voice of Vietnam.
The Fintech Hub is a core component of VIFC-HCMC, serving as a vital link between financial institutions, technology companies, and investment funds to drive innovation within the financial sector.
Vice Chairman of the municipal People's Committee, Mr. Nguyen Cong Vinh, emphasized that the launch of the Fintech Hub marks a critical milestone in the city’s financial development strategy.
According to Mr. Vinh, the city has proactively positioned itself not merely as a traditional financial hub, but as a next-generation financial center with deep integration into international capital markets. By leveraging the power of technology, the city aims to create distinct sectoral advantages.
The partnership with the London Stock Exchange, one of the world’s leading financial institutions, is viewed as a strategic move. It serves not only as a bridge for Vietnamese enterprises to access global capital but also as an opportunity to upgrade corporate governance standards, enhance transparency, and integrate more profoundly into the global financial ecosystem.
The city aims to transcend its role as Vietnam’s domestic financial hub to become a key regional economic and financial center, playing a pivotal role in connecting capital flows, technology, and innovation across Asia.
The Fintech Hub is expected to function as a "sandbox" for testing new financial models and a platform to connect banks, investors, and businesses. Furthermore, it will provide essential support for Vietnamese companies seeking to enter international markets.
Ms. Dame Julia Hoggett, CEO of the London Stock Exchange, noted that Vietnam is emerging as one of Asia’s most dynamic growth economies, with increasing potential to attract international investment.
She added that the Vietnamese stock market has recently made significant strides in its reclassification roadmap by FTSE Russell. This progress serves as a positive signal to international investors regarding the market's stability and its readiness for significant capital inflows.
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