We are pleased to present the full text of the important speech delivered by the Deputy Prime Minister at this seminar. The permanent Vice Prime Minister Nguyen Hoa Binh spoke at the Vietnam-United States Forum on Finance and Technology. The event took place in San Francisco and gathered government representatives from Vietnam.
The speech highlighted the significance of San Francisco as a hub of technology and innovation in the United States. The city embodies intellectual boldness, innovative action, and future-oriented vision. The seminar addressed the crucial topic of technology and the future of the global financial system, emphasizing the role of technology in guiding financial resources over the next decade.
The discussion also focused on a strategic direction for Vietnam in establishing a modern, transparent International Financial Center (IFC) closely integrated with the global financial system. The event highlighted the deepening strategic partnership between Vietnam and the United States, underscoring the potential for cooperation, especially in high-tech finance sectors.
The Deputy Prime Minister acknowledged Vietnam’s transformation over the years, from post-war devastation to economic growth and global recognition. He invited investment in Vietnam’s peaceful and stable economy, emphasizing the country’s macroeconomic stability, strong growth, and international integration.
In line with global trends, the Vietnamese strategy for the Vietnam International Financial Center (VIFC) aims to integrate technology with finance. This involves legal enhancements in areas like AI, big data, blockchain, and semiconductor technology. Collaboration with partners in San Francisco and Silicon Valley is crucial to bridging innovation ecosystems and supporting technological breakthroughs.
The speech emphasized the Vietnamese government’s commitment to fostering a competitive and favorable international business environment. Incentives, institutional advancements, and legal transparency will be key to attracting American businesses to Vietnam. The Deputy Prime Minister emphasized mutual value creation and a reliable partnership, setting the foundation for sustainable financial and technological collaboration between the two nations.
The seminar concluded with hopes for a successful dialogue and shared prosperity between Vietnam and the United States, facilitated by the exchange of potential, resources, and technology. The event aimed to lay the groundwork for a fruitful collaboration in the financial and technological sectors, with the support of American financial and technological communities.
