During his working visit to the United States, Deputy Prime Minister Nguyen Hoa Binh engaged in a series of exchanges with major financial institutions in New York to promote the development of Vietnam’s International Financial Center and attract more foreign investments.
In the framework of his visit to the United States on March 23 (local time), Deputy Permanent Prime Minister Nguyen Hoa Binh visited and worked with NASDAQ and the New York Stock Exchange, and participated in an investment promotion forum for the International Financial Center (IFC) in Vietnam.
During his discussions with NASDAQ leaders, the Deputy Prime Minister expressed the wish for the institution to accompany Vietnam as a key partner in developing the IFC. He proposed enhancing political dialogue to improve the Vietnamese capital market, share listing standards and conditions, collaborate in technology development, governance, and human resource training.
NASDAQ, on its part, praised the dynamism of the Vietnamese economy and expressed willingness to help Vietnamese companies access the American capital market, including through listings.
At the meeting with the New York Stock Exchange, Nguyen Hoa Binh presented the development orientation of the Vietnamese IFC, aiming for deep integration into global financial markets, attracting international investors, and establishing a modern, transparent, and efficient financial ecosystem. He proposed the New York Stock Exchange share its experience in market management, digital innovation, institutional capital attraction, and dispute resolution mechanisms according to international standards.
Chris Taylor, head of listing activities at the New York Stock Exchange, expressed hope for soon seeing Vietnamese companies listed there. He also commended Vietnam for creating its IFC as a strategic step.
Both parties agreed to strengthen connections between Vietnamese and American capital markets to elevate the Vietnamese financial sector and increase the international visibility of the IFC. The New York Stock Exchange also proposed intensifying information exchanges, data sharing, and policy coordination with Vietnamese exchanges.
The investment promotion forum in Vietnam’s IFC, co-organized by Warburg Pincus fund and Hanoi’s IFC, brought together over 100 American companies, groups, and investment funds. Several distinguished speakers participated, including representatives from BlackRock, the US-ASEAN Business Council, and Deutsche Bank.
During the forum, Vietnamese authorities presented the vision, priority sectors, and incentive policies of the IFC in Hanoi and Da Nang.
The Deputy Prime Minister called on American investors to support Vietnam in the construction and development of the IFC, especially in specialized and innovative financial services, to make it a crucial part of the global financial network. He also encouraged them to play a pivotal role in attracting other international investors.
American companies and funds affirmed considering Vietnam a priority in ASEAN, praising government efforts and calling for continuous improvement in the regulatory framework, particularly in foreign ownership, listing of tech companies, infrastructure fund development, and policy stability.
On the sidelines of the forum, Nguyen Hoa Binh met with Christopher Turner, leader of Warburg Pincus fund, who expressed strong interest in the Vietnamese market and willingness to contribute to the development of Vietnam’s capital market.
The same day, Nguyen Hoa Binh visited the Permanent Mission of Vietnam to the United Nations and met with Vietnamese representatives in New York. – VNA/VI
