Vietnam's Potential as an International Financial Hub

Vietnam is positioning itself to become an international

, akin to Switzerland and Singapore. During a on January 21 in Davos, Switzerland, attended by over 30 global representatives and senior Vietnamese leaders, the focus was on developing high-tech investments in Vietnam.

The Vietnamese government plans to establish financial centers in Ho Chi Minh City and Da Nang by 2025, aiming to transform the nation into a significant financial destination in the region and globally. Roger Leitner, President and CEO of the ASEAN–Switzerland Chamber of Commerce, believes that Vietnam can achieve this by opening its doors to leading global financial institutions to develop

and collaborate with local private banks. He stated, "Vietnam has the potential to become an international financial center similar to Switzerland, Singapore, and the UAE."

In line with this vision, the Ministry of Planning and Investment has proposed controlled trials of

activities, including digital asset and exchanges, in financial centers like Da Nang and Ho Chi Minh City.

Beyond financial services, science and technology are identified as crucial drivers for Vietnam to achieve double-digit economic growth in the coming years. Truong Gia Binh, Chairman of FPT, highlighted areas such as artificial intelligence (AI),

, semiconductors, and education as focal points. He noted that major domestic tech companies like Viettel and VNPT are committed to contributing to Vietnam's technological advancement.