Strengthening Vietnam - US financial connectivity, expanding opportunities for International Financial Center in Da Nang

Promoting Da Nang and investment opportunities in VIFC

At the headquarters of Warburg Pincus in New York, one of the largest private investors in Vietnam with a portfolio exceeding US$2 billion, the Da Nang delegation attended and spoke at a seminar titled “Vietnam Financial Center: Vision and Opportunities”. The event gathered more than 70 participants, including leading global financial institutions such as BlackRock and Deutsche Bank.

At the seminar, Mr. Ho Ky Minh, Standing Vice Chairman of the Da Nang People’s Committee and Chairman of the VIFC Da Nang Executive Board, highlighted the city’s strong advantages in scale, infrastructure, technology and livability. He also reaffirmed Da Nang’s strategic vision to become a modern ecological city and an innovation hub in Asia, built on three key economic pillars.

The Vietnam International Financial Center in Da Nang is identified as a core financial hub, expected to drive capital flows and support rapid, sustainable growth. It aims to become a key hub for digital financial experimentation and transactions in the Asia-Pacific region by 2030.

At the seminar, representatives from international financial corporations and reputable organizations expressed strong confidence in Vietnam’s growth prospects and the role of the VIFC in the coming period.

A representative of Warburg Pincus reaffirmed confidence in the Vietnamese market, and recommended improvements in financial infrastructure, easing foreign ownership limits, reforming IPO processes and developing the REIT market to attract high-quality capital.

Institutions such as BlackRock and Deutsche Bank recommended accelerating capital market reforms, particularly in the bond market, enhancing transparency, developing international financial products and refining the legal framework to attract institutional investors.

In conclusion, experts agreed that Vietnam is facing a historic opportunity for breakthrough growth, with the VIFC serving as a strategic driver for innovation, sustainable development and deeper integration into the global financial system, toward the goal of becoming a high-income country by 2045.

Strengthening strategic cooperation in green finance and energy transition

During their stay in New York, Da Nang leaders also held working sessions with two leading international financial organizations: Rockefeller Foundation and Aligned Climate Capital.

At the working sessions, both sides discussed directions for cooperation in developing a green finance ecosystem at VIFC Da Nang, promoting capital mobilization for clean energy and green infrastructure projects, developing carbon credit markets and climate finance products. They also called on companies to establish subsidiaries at VIFC Da Nang and invest in energy transition projects in Vietnam and neighboring countries.

As part of the working visit to the United States, the Da Nang delegation accompanying Standing Deputy Prime Minister Nguyen Hoa Binh also visited and held meetings with two of the world’s leading stock exchanges, Nasdaq and New York Stock Exchange.

Nasdaq is known as the world’s second-largest electronic stock exchange, notable for listing many leading technology corporations and its advanced trading system. Meanwhile, the New York Stock Exchange is the oldest and largest stock exchange globally by market capitalization, serving as a central pillar of the international financial system.

At the meeting, the delegation was briefed by Jeff Thomas, Chief Revenue Officer and Global Head of Listings at Nasdaq, on its operational model, listing standards and the role of capital markets in driving economic growth.

The delegation also met and held discussions with Margaret Niche, Vice President of Intercontinental Exchange, the parent company of the New York Stock Exchange and operator of the global financial data platform ICE Data Services.

Da Nang extended an invitation to Margaret Niche and ICE partners to visit and work directly at the Vietnam International Financial Center in Da Nang, aiming to further explore cooperation opportunities in financial data, market infrastructure and connectivity with the global financial ecosystem.

Translated by MAI DUNG