Vietnamese Prime Minister Pham Minh Chinh urged global partners to share expertise on establishing Ho Chi Minh City as a leading international financial center while addressing a roundtable held in Davos, Switzerland on Tuesday.

Organized by Ho Chi Minh City and Sovico Group, the Davos event on developing the Center for the Fourth Industrial Revolution (C4IR) and an international financial center in Vietnam’s southern metropolis gathered the city’s Party secretary Nguyen Van Nen, key Vietnamese enterprises, and over 40 leaders from top global corporations in technology, energy, and finance like HSBC, Visa, Intel, and Grab, along with World Economic Forum (WEF) representatives.

PM Chinh emphasized that the establishment of C4IR and the financial center aligns with Vietnam's goals for innovation and global integration. 

The C4IR, already operational in Ho Chi Minh City, is accelerating digital transformation and innovation, supported by the Politburo’s Resolution 57 on advancing national science, technology, and digital growth.

To ensure the effective operation of the two centers, PM Chinh pledged to streamline regulatory frameworks, modernize infrastructure, and strengthen human resource training.

He called on domestic and international corporations and experts to provide recommendations and address challenges, helping Ho Chi Minh City bolster the development of the two centers.

Participants at the roundtable discussed the role of the C4IR and its potential to become a technology hub in the ASEAN region and the world. 

They shared experience in developing financial centers and highlighted cooperation opportunities with the international financial center in Ho Chi Minh City, particularly recommendations for Vietnam and investment plans in the country.

They discussed strategies for attracting global capital and partners, emphasizing the role of the financial center as a vital link between international investors and Vietnam. 

They encouraged Vietnam to further develop hard and soft infrastructure, offer preferential policies, and foster ecosystems for innovation and finance.

Sovico Group was committed to supporting national initiatives in artificial intelligence and semiconductors, reinforcing Vietnam’s potential as a regional hi-tech hub in the years to come.

Ho Chi Minh City officials expressed gratitude for the feedback and pledged to incorporate international expertise into the city's development strategy. 

They also invited global financial institutions to operate in the Ho Chi Minh City financial center.

The roundtable was part of PM Chinh’s official visit to Switzerland to attend the 55th Annual Meeting of the WEF in Davos and engage in bilateral activities in the European country from January 20 to 23.

Like us on Facebook or follow us on X to get the latest news about Vietnam!