VNExpress-Jan 22
Vietnam has the potential to establish itself as an international financial hub by fostering digital asset development, similar to Switzerland, Singapore, and the United Arab Emirates, an analyst has said. The country can achieve this goal by opening its market to global financial institutions to develop digital assets while fostering collaboration with local private banks, said Roger Leitner, Chairman and CEO of the Swiss Asian Chamber of Commerce, on Tuesday. The comment was made during a discussion on high-tech investment in Vietnam held in Davos, Switzerland, as part of the ongoing World Economic Forum. One of the topics discussed was Vietnam’s plan to establish international financial centers in HCMC and Da Nang by 2025, aiming to position the country as a leading financial destination in the region and globally. Minister of Planning and Investment Nguyen Chi Dung, at the meeting, emphasized Vietnam’s commitment to creating financial centers aligned with global standards with even more competitive criteria. The ministry has proposed controlled trials for fintech activities, including digital asset and cryptocurrency exchanges, in financial hubs like HCMC and Da Nang.
The Vietnamese government has identified science and technology as critical drivers of Vietnam’s double-digit economic growth target in the coming years.
Truong Gia Binh, chairman of Vietnam’s tech giant FPT, said that the country will achieve the goal by leveraging AI, digital transformation, semiconductors, and education. “This government has mandated that these areas be prioritized,” he said. Binh added that Vietnam is well-positioned in technology advancement, citing Nvidia’s recent decision to invest in the country as an example. Following its acquisition of VinBrain – Vingroup’s AI subsidiary, Nvidia plans to establish an AI research and development center and a data center in Vietnam, creating a foundation for advanced AI solutions. Read more at:
