The UK is recognised as the second-largest exporter of financial services globally, while London serves as a global financial centre, hosting 170 banks and a multitude of fintech companies.
The MPI stressed the importance of following a roadmap with detailed objectives such as the establishment and development of at least one financial centre in the city by the end of next year.
The aim of making HCM City an international financial hub depends on greater financial liberation that the country has to achieve by 2030 at least, experts say.
The HCM City People’s Committee has signed a memorandum of understanding with the Imex Pan Pacific Group for a feasibility study for building the Viet Nam International Financial Hub.
HCM City has committed to develop a detailed plan to turn the city into a regional and international financial hub after years of delay in carrying out the ambitious goal.