Ho Chi Minh City likes to follow model of US financial centers: chairman
Sunday, October 15, 2023, 12:03 GMT+7
Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai and U.S. Ambassador to Vietnam Marc Knapper discussed ways to turn Ho Chi Minh City into an international financial hub during a reception on Friday.
This is the opportune time for the city to transform into an international financial hub, chairman Mai said.
The city will follow the model of U.S. financial centers and attract those pioneering investors from the U.S., he added.
Therefore, Ho Chi Minh City asks for support from the United States in creating a legal framework to lure American investors.
This legal framework is expected to be presented to Vietnam’s lawmaking National Assembly by the middle of next year.
In response to Mai's comments, Knapper stated that the city, in order to attract U.S. investors, needs to establish an investment-friendly environment with clear legal regulations and a fast, convenient licensing mechanism.
In addition, the ambassador confirmed that U.S. companies are always ready to invest in and support Vietnam's development, considering its future goals in green and renewable energy spheres.
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| U.S. Ambassador to Vietnam Marc Knapper (L) presents a gift to Ho Chi Minh City chairman Phan Van Mai in the city, October 13, 2023. Photo: Tran Phuong / Tuoi Tre |
Speaking of Vietnam's innovation and development in the high-tech field, Knapper stated that Ho Chi Minh City and the surrounding region are one of the locomotives of the country.
Mai informed that Ho Chi Minh City already has the foundational infrastructure in terms of the market and human resources, along with numerous domestic and international collaborations, to develop an innovation center.
Regarding human resources, the People's Committee of Ho Chi Minh City and the Vietnam National University-Ho Chi Minh City have plans to train 20,000 qualified workers for the semiconductor industry in the near future.
To train high-quality human resources, the city expects educational cooperation between American universities and their partner schools in Ho Chi Minh City.
"We also invite U.S. universities to consider establishing branches, offices, or specific collaborative programs," Mai stated.
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