Vietnam's Ambitious Financial Vision

Roger Leitner, Chairman and CEO of the Swiss Asian Chamber of Commerce, recently highlighted Vietnam's potential to emerge as a global financial hub akin to Switzerland and Singapore. This vision was shared during a high-tech investment discussion in Davos, Switzerland, as part of the World Economic Forum, attracting over 30 global company representatives.

International Financial Centers on the Horizon

Vietnam plans to establish international financial centers in HCMC and Da Nang by 2025, aiming to become a leading financial destination globally. Minister of Planning and Investment Nguyen Chi Dung emphasized Vietnam's commitment to creating financial centers that meet global standards and offer competitive advantages.

Embracing Technology and Innovation

With science and technology identified as key drivers of economic growth, Vietnam is focusing on AI, digital transformation, semiconductors, and education. Truong Gia Binh, chairman of FPT, underscored the government's prioritization of these areas, citing Nvidia's investment in Vietnam as a testament to the country's technological advancement.

Infrastructure and Investment Opportunities

Kim Fejer, CEO of A.P. Moller Capital, highlighted the need for increased foreign investment in Vietnam's airport and seaport infrastructure, urging the government to relax ownership restrictions. Schneider Electric and Google also expressed interest in Vietnam's growth potential, advocating for enhanced connectivity and AI data center development.

Minister Dung acknowledged these proposals, promising to consider raising foreign ownership caps in critical sectors and highlighting ongoing reforms to streamline investment procedures and foster a competitive environment.