Ho Chi Minh City International Financial Center will have 11 high-rise buildings.

The core of the Ho Chi Minh City International Financial Center is 9.2 hectares wide (out of a total area of ​​898 hectares), with 11 high-rise buildings planned, including a symbolic building representing the city's aspiration to rise on the global financial map.

Scene of the discussion. Photo: Nguyen Le

On the afternoon of September 17, the British Chamber of Commerce in Vietnam (BritCham Vietnam) coordinated with Dragon Capital Fund Management Company and related units to organize a seminar to discuss the necessary foundational elements for the establishment of the Ho Chi Minh City International Financial Center.

Ho Chi Minh City is the largest economic center of the country, accounting for nearly 23% of GDP and more than 27% of the total national budget revenue. As an economic locomotive, the city has been assigned by the National Assembly to build the Ho Chi Minh City International Financial Center (abbreviated as IFC-HCM). This is a project of strategic significance not only for the city, but also for Vietnam and the region.

IFC-HCM has a scale of 898 hectares, stretching across the entire Thu Thiem peninsula, Ben Thanh ward and part of Saigon ward. This is a strategic location, located in the heart of the city, directly connected to the existing administrative - commercial center, and has modern infrastructure and landscape conditions to develop into an international financial - commercial - service urban area of ​​regional stature.

In the 9.2-hectare central core, the city plans 11 high-rise buildings, including a symbolic building representing the city's aspiration to rise on the global financial map.

Vice Chairman of Ho Chi Minh City People's Committee Nguyen Van Dung speaks at the seminar. Photo: Nguyen Le

Speaking at the seminar, Vice Chairman of Ho Chi Minh City People's Committee Nguyen Van Dung said that the city's vision is to turn IFC-HCM into a modern financial technology center, in which AI and blockchain will be the two main technological pillars.

Based on this technology platform, IFC-HCM will develop advanced financial products and services, including: Multi-asset trading platforms, from stocks, bonds, derivatives to new products such as gold, digital assets; digital banking services, multi-currency cross-border payments based on blockchain technology; digital asset management and investment platforms, leveraging AI to analyze big data; green and sustainable financial products, including issuing green bonds, carbon credits, blended finance mechanisms to mobilize capital; fintech sandbox centers that allow testing of new business models and financial products, ensuring both encouraging innovation and controlling risks.

With this orientation, IFC-HCM will not only be a place for financial transactions, but also a comprehensive ecosystem, connecting banks, securities, insurance, fintech, investment funds and technology. This will be the destination for international capital flows, for fintech startups and the world's leading financial corporations.

“Ho Chi Minh City is committed to building a transparent, open and internationally competitive investment environment, with preferential tax policies, a one-stop legal mechanism and a modern infrastructure system. IFC-HCM will become an attractive destination not only for domestic investors, but also for financial institutions and global technology corporations seeking opportunities in the ASEAN market - a dynamic, fast-growing region that is increasingly integrated with the world economy,” Mr. Nguyen Van Dung emphasized.

The Ho Chi Minh City International Financial Center has a total area of ​​898 hectares stretching along both banks of the Saigon River in Saigon Ward, Ben Thanh Ward and Thu Thiem Peninsula. Photo: Nguyen Le

During the discussion, experts focused on the most important issues, including establishing a legal foundation based on international standards, perfecting the dispute resolution mechanism, and effective governance and supervision models. The discussion also touched on developing financial market infrastructure and creating a favorable ecosystem for new areas such as fintech, green finance and human resource development.

Source: https://hanoimoi.vn/trung-tam-tai-chinh-quoc-te-tp-ho-chi-minh-se-co-11-toa-cao-oc-716370.html