Ho Chi Minh City

HCMC learns experiences to become international finance center

Within a framework of learning experience to develop Ho Chi Minh as a financial hub in the region and the world, Deputy Chairman of Ho Chi Minh City People's Committee Tran Vinh Tuyen yesterday had a meeting with a delegation of Chinese financial experts led by Mr. Yue Yi, Vice Chairman at Bank of China in Hong Kong.

(Illustrative photo:SGGP)

(Illustrative photo:SGGP)

Mr. Yue Yi said that the Chinese Government currently promotes Shanghai to speed up its development and really become an international financial center in 2020 in accordance with China's economic reality while the Hong Kong finance center has advantages to become an international financial center such as a geographical position, comprehensive and independent legal system and human resources.

The city leader informed that Ho Chi Minh City needs a lot of information and experiences to build the project suitable to the situation in Ho Chi Minh City in particular and Vietnam in general. 

Therefore, the information from Chinese experts are very useful for HCMC’s reference as there has been a principle to cooperate and exchange experiences with financial centers in the world in the process of developing Ho Chi Minh City into the regional and international financial markets. 

In the forthcoming time, the city authority will send working delegations to exchange and study experiences at some international financial centers, including Shanghai.


BY DO TRA GIANG- Translated by Huyen Huong

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