Ho Chi Minh City positions itself as new-generation financial hub

Speaking at a high-level investment conference held by Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), in collaboration with the London Stock Exchange (LSE) and the Vietnam International Financial Center (VIFC), on Tuesday, Vinh said that the city is also leveraging technological advancement to build competitive advantages.

The conference also marked the launch of a Fintech Hub, a core component of the VIFC.

It is set to serve as a bridge connecting financial institutions, technology companies, and investment funds to drive financial innovation.

Vinh said that the launch of the Fintech Hub is a very important step in Ho Chi Minh City’s financial development strategy.

The event not only serves as a platform connecting financial institutions, but also reflects a broader trend: the shift of global financial gateways toward a new model in which technology, data, and innovation play a central role.

Ho Chi Minh City highly values the partnership between HDBank, the Vietnam International Financial Center, and the London Stock Exchange, he said.

“The cooperation with the London Stock Exchange goes beyond capital mobilization. It is also expected to help Vietnamese enterprises enhance governance standards, transparency, and broader alignment with global financial practices," Vinh stressed.

“We are committed to fostering a transparent international financial environment where Vietnamese businesses can confidently reach global heights, contributing to a prosperous future for all.” 

Expected long-term connectivity channel

Addressing the conference, Dame Julia Hoggett, CEO of the London Stock Exchange, shared that Vietnam is emerging as one of Asia’s most dynamic economies, with growing potential to attract international capital.

“Our partnership with the London Stock Exchange goes beyond fundraising, it aims to support Vietnamese businesses in adopting global standards for corporate governance, transparency, and sustainable development,” said Kim Byoungho, chairman of HDBank’s Board of Directors.

“Through this platform, HDBank expects to establish a long-term gateway connecting the Vietnamese market with international investors."

At the conference, HDBank and LSE also implemented cooperation agreements with several leading Vietnamese businesses to support their access to international capital markets.

These agreements focus on fundraising structures, listing consulting, and connecting with global investors, thereby opening new funding channels for Vietnamese businesses amidst deepening financial integration.

Participating businesses include major corporations in industry, manufacturing, and exports such as Hoa Sen, THACO, and Phuc Sinh, representing groups with a demand for capital expansion and enhancing corporate governance standards in line with international practices.