Ho Chi Minh City is about to cooperate with NASDAQ to develop a financial center.

(NLDO) – Ho Chi Minh City is building an international financial center and cooperation with the US NASDAQ stock exchange contributes to promoting this strategy.

On the afternoon of October 9, the Ho Chi Minh City Institute for Development Studies had a working session with the NASDAQ stock exchange, led by Mr. Robert H. McCooty - Vice President and Head of Global Capital Markets, NASDAQ - as the head of the delegation.

Dr. Truong Minh Huy Vu, Director of the Ho Chi Minh City Institute for Development Studies, Deputy Head of the Working Group advising on the construction and development of the Vietnam International Financial Center in Ho Chi Minh City, said the meeting aimed to prepare the next steps for the plan to sign a cooperation agreement between the city and NASDAQ to deploy an international financial center in Ho Chi Minh City.

Ho Chi Minh City is in the process of establishing the Vietnam International Financial Center. The city expects NASDAQ to play an important role in the process of building and developing the international financial center.

NASDAQ is the second largest stock exchange in the world , behind the New York Stock Exchange in terms of market capitalization. Ho Chi Minh City aims to build an international financial center with a diverse and modern financial ecosystem; providing specialized financial services, capital mobilization, investment, savings, payment, and issuance of financial products.

Members of the Working Group advising on the construction and development of the Vietnam International Finance Center in Ho Chi Minh City work with representatives of the NASDAQ floor.

Speaking at the meeting, Mr. Robert H. McCooty said that after signing the cooperation agreement, NASDAQ will support and accompany to connect American and international corporations and companies listed on the floor with partners in Vietnam. The cooperation contents will be implemented so that the international financial centers of Ho Chi Minh City can not only develop in the region but also reach the world.

"Vietnam has two strong foundations in the process of building an international financial center: people are very interested in financial investment channels; especially there are leaders who are very receptive, ready to make adjustments and cooperate to create progress for this model" - Mr. Robert H. McCooty commented.

Mr. Robert H. McCooty - Vice President and Head of Global Capital Markets, NASDAQ shared at the meeting

Economist , Associate Professor Dr. Tran Hoang Ngan said that about 2 weeks ago, he had the opportunity to visit an international financial center in Kazakhstan and saw the support of the NASDAQ exchange. Therefore, Mr. Ngan hopes that the international financial center of Ho Chi Minh City can also receive strong support from the US stock exchange to develop rapidly.

In early October 2025, at a meeting with a delegation of Dutch businesses visiting Ho Chi Minh City, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc also informed that in October 2025, he will have a working trip to the US and sign a cooperation agreement with NASDAQ to jointly operate an international financial center in Ho Chi Minh City.

Source: https://nld.com.vn/tp-hcm-sap-hop-tac-voi-san-nasdaq-de-phat-trien-trung-tam-tai-chinh-196251009211039248.htm