During the Vietnam - US finance and technology seminar in San Francisco, United States, on 27/3, Standing Deputy Prime Minister Nguyen Hoa Binh affirmed Vietnam's commitment to creating the most favorable and globally competitive business environment for foreign investors, including American enterprises.

Accordingly, the government will implement outstanding and breakthrough institutional incentive policies, ensuring transparency in the investment environment and macroeconomic stability. Concurrently, the legal rights and interests of foreign investors will always be protected.

"American businesses coming to Vietnam will not only see a market full of potential but also a reliable partner, ready to share risks and co-create new values for common prosperity", he stated.

Deputy Prime Minister Nguyen Hoa Binh met with representatives of American businesses on 27/3. Photo: VGP.

Deputy Prime Minister Nguyen Hoa Binh and the Vietnamese delegation are on a working trip to the United States to introduce the Vietnam International Financial Center (VIFC). This seminar in San Francisco aims to present incentive policies and invite American businesses to cooperate and invest in the Vietnam International Financial Center in Da Nang City.

The event gathered over 50 representatives from American businesses in banking and finance, financial technology, investment funds, asset management, technology platform providers, law firms, and consulting services. This group of businesses controls significant capital resources and core technologies such as AI, robotics, healthcare, along with financial infrastructure solutions.

For many decades, San Francisco has been a leading center for technology and innovation, serving as the origin of breakthroughs that have transformed the economic structures of the United States and the world.

According to Ho Ky Minh, Standing Vice Chairman of the Da Nang City People's Committee, Da Nang has maintained its top 1 position nationwide for 14 consecutive years in the Information and Communications Technology Development and Application Readiness Index. Da Nang has also been honored for five consecutive years in all three categories of "Smart City".

For the 2030-2045 period, Da Nang aims to become an ecological, modern, smart urban area and an innovation hub for Asia, focusing on three pillars: marine economy, high-tech industry, and high-quality tourism and services. The city is actively seeking investment in leading infrastructure projects, such as upgrading Chu Lai International Airport to 4F standard, developing an urban railway, and piloting Vietnam's first free trade zone model.

The Vietnam International Financial Center in Da Nang is identified as a key channel for attracting investment capital. Here, a specialized sandbox mechanism is applied for new financial models, ranging from digital assets, digital currency, and digital payments to Blockchain and AI applications.

"The goal by 2030 is for the Vietnam International Financial Center in Da Nang to become an important digital financial testing and transaction hub within the Asia-Pacific regional network", Mr. Minh shared.

At the seminar, delegates assessed Da Nang as establishing itself as a safe, attractive, and highly potential investment destination in Vietnam. Delegates also proposed solutions for developing key products and necessary incentive policies to facilitate businesses in researching, exploring opportunities, and investing.

By Phuong Dung