On October 9, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc received and worked with Mr. Robert H. McCooey - Vice President and Head of Global Capital Markets of Nasdaq Stock Exchange - one of the largest electronic stock exchanges in the US.

At the meeting, the Chairman of the Ho Chi Minh City People's Committee said that the Vietnam - US Comprehensive Strategic Partnership continues to develop strongly, especially in the fields of economics , finance and technology.

According to him, Nasdaq is one of the largest stock exchanges in the US, along with the New York Stock Exchange (NYSE).

Meanwhile, Ho Chi Minh City is in the process of establishing the Vietnam International Financial Center; the National Assembly has passed Resolution 222 on the construction of this center. This is an important legal framework for the city to begin the journey of developing Vietnam's first international financial center.

Therefore, the city wishes to cooperate comprehensively with Nasdaq to build the Vietnam International Financial Center in Ho Chi Minh City, focusing on areas where Nasdaq has strengths such as technology, international connections, and prestige and trust with the global investor community.

"This cooperation will contribute to attracting international capital flows and raising the financial position of Ho Chi Minh City," Mr. Nguyen Van Duoc expressed his confidence.

In addition, he added, Ho Chi Minh City and Nasdaq have agreed on the policy of signing a memorandum of understanding (MOU) in the near future, expected during the working trip of the Chairman of the Ho Chi Minh City People's Committee to the US from October 15-20. This MOU is an important first step to concretize cooperation activities between the two sides.

z7100754614539c1139d9fc7086e37e3.jpg
Chairman of Ho Chi Minh City People's Committee Nguyen Van Duoc talks with Mr. Robert H. McCooey - Vice President of Nasdaq Stock Exchange. (Photo: TT)

Mr. Robert H. McCooey - Vice President of Nasdaq, said that Nasdaq's strength does not lie in tangible infrastructure such as houses or land, but focuses on technology platforms, high-quality human resources and the ability to build solid trust in the international investment and financial community.

He assessed Ho Chi Minh City as a young, dynamic, populous city, playing the role of Vietnam's economic center, with many potentials and opportunities for strong development in the fields of finance and technology.

Nasdaq representatives expect the International Financial Center in Ho Chi Minh City to become the leading financial and technology center in Southeast Asia in the future.

Mr. McCooey also expressed his hope that Vietnamese ministries, branches and specialized agencies of Ho Chi Minh City will participate throughout the process of building and operating the center, helping the international investor community clearly see the benefits and opportunities to accompany the development of Vietnam.

"Nasdaq is committed to accompanying Ho Chi Minh City through human resource training programs, financial technology transfer, support in calling for international investment, and sharing experience in capital market management and operation," he said.

Ho Chi Minh City's economy accelerates with trade and services playing a leading role . Ho Chi Minh City's growth indicators show that the progress of public investment disbursement has begun to spread into the economy.

Source: https://vietnamnet.vn/tphcm-va-san-nasdaq-sap-ky-ban-ghi-nho-hop-tac-2451184.html