Ho Chi Minh City signs MoU with Nasdaq to develop Vietnam's int'l financial center

The signing ceremony was attended by Nguyen Van Duoc, chairman of the Ho Chi Minh City People’s Committee; Chuck Mack, senior vice president and head of strategic operations and public policy at Nasdaq; and representatives from international investment funds and U.S. businesses.

Under the MoU, Nasdaq and the municipal Department of Finance agreed to collaborate on five key areas, comprising identifying opportunities for cooperation aligned with the city’s financial center development strategy; providing consultancy on regulatory frameworks, governance models, and risk management mechanisms for securities issuance and derivatives; training and capacity building through workshops, professional exchange programs, and expert seminars.

The remaining areas include developing financial technology infrastructure, such as specialized trading platforms, payment, and monitoring systems using Nasdaq’s advanced technologies; and connecting international financial communities and investors via investment promotion events in both Vietnam and the U.S.

Both parties will establish a joint working group to develop an action plan, monitor progress, and address challenges during the implementation.

The group will meet at least twice a year, either in person or virtually.

The MoU marks an important milestone in cooperation between Ho Chi Minh City and Nasdaq, helping enhance Vietnam’s financial market connectivity with global capital markets, attract high-quality investments in finance, technology, and innovation, and strengthen management capacity.

The event also reaffirms the city’s commitment to building a dynamic, transparent, and sustainable international financial center, aligned with Vietnam’s development vision toward 2030.