Vietnam intends to develop one international financial centre, which will operate in two cities: Da Nang and Ho Chi Minh City.

Hong Kong welcomes Vietnamese delegations to explore cooperation opportunities, said Robert Lee, a financial expert and Legislative Council member of Hong Kong.

Speaking at a conference on creating a financial centre in Vietnam on March 28, Minister of Finance Nguyen Van Thang said Vietnam is “on the brink of a golden opportunity” to establish itself as a key player in the global financial arena.

Vietnam has the foundation and potential to successfully build an international financial center, according to Associate Professor Nguyen Dang Bang, a finance expert at the University of Cambridge’s Judge Business School.

From this month until early 2025, representatives of leading US investment funds and over 30 businesses will visit Ho Chi Minh City to seek investment opportunities and implement signed agreement and reciprocal visits following a state-side visit from Vietnam.

The relations between Vietnam and Hong Kong (China) have great potential for growth, bringing major economic and cultural benefits to both sides, Vietnamese Consul General in Hong Kong and Macau Le Duc Hanh said at an event celebrating the 79th anniversary of Vietnam's National Day held in Hong Kong on September 19.

Vietnam and Hong Kong (China) have great potential to promote cooperation in fields from finance to technology, food, and consumer goods, heard a business meeting held in Ho Chi Minh City on March 19 by the Hong Kong Economic and Trade Office in Singapore and Invest Hong Kong.

Politburo member and Secretary of the Party Committee of Ho Chi Minh City Nguyen Van Nen held talks with Huang Kunming, Politburo member and Secretary of the Guangdong Party Committee on November 16 as part of the Vietnamese official’s ongoing working visit to China.

Da Nang should issue a project to turn itself into a financial centre at the regional scale at an early date, said Luong Nguyen Minh Triet, Standing Deputy Secretary of the Party Committee of the central city, at a recent meeting of the committee.

Ho Chi Minh City wishes to learn from Luxembourg’s experience and cooperate with the European country in science-technology and green finance, towards building a financial centre in the time ahead, a municipal official said on May 5.

Ho Chi Minh City lured 3.25 billion USD in foreign direct investment (FDI) in the first nine months of 2020, down 28 percent over the same period last year, reported the city Department of Planning and Investment.

The State Securities Commission was established on November 28, 1996 in line with Decree No. 75/1996/ND-CP of the Government. The Ho Chi Minh City Securities Trading Centre was formed in accordance with a decision dated July 11, 1998.

The Ho Chi Minh City Economic Forum 2019, scheduled to open on October 18, will seek solutions to turn the southern metropolis into a financial centre of the region and the world, heard a press conference on October 8.

The central city of Da Nang has asked the government to plan part of Da Nang Bay as an ‘urban area in the sea’, in an effort to meet the demands of a rising population and to attract tourism investment.

Former US Secretary of State John Kerry said he wants to assist Ho Chi Minh City in attracting foreign investment at a meeting with Secretary of the municipal Party Committee Nguyen Thien Nhan in Hanoi on June 21.

Prime Minister Nguyen Xuan Phuc has noted his hope that Hong Kong - a leading financial centre of the region and the world – can help with credit mobilisation for Vietnam’s development, especially inv