The NYSE leader congratulated Vietnam on establishing the International Financial Center, considering it an important step in its financial market development strategy.

During his working visit to the United States, on March 23, Deputy Prime Minister Nguyen Hoa Binh visited and held working meetings with the NASDAQ and the New York Stock Exchange (NYSE).

 

Permanent Deputy Prime Minister Nguyen Hoa Binh visits the NASDAQ Stock Exchange

 

During a meeting with the NASDAQ Stock Exchange, the Deputy Prime Minister expressed his desire for NASDAQ to be a partner and contribute to the development of Vietnam’s International Financial Center. He proposed that NASDAQ cooperate in promoting policy dialogue to improve Vietnam’s capital market, share listing standards and conditions, and collaborate on technology development, management capacity building, and human resource training for the stock market and Vietnam’s International Financial Center.

NASDAQ views Vietnam as a rapidly growing economy with many opportunities for cooperation, and expresses its readiness to support Vietnamese businesses in accessing the US capital market, including listing on the NASDAQ exchange.

 

Permanent Deputy Prime Minister Nguyen Hoa Binh visits and works with the NASDAQ Stock Exchange 

 

During a meeting with the New York Stock Exchange (NYSE), Chris Taylor, Vice President of Listings and Services, introduced the NYSE’s 234-year history (founded in 1792), emphasizing that the NYSE is the world’s largest stock exchange by market capitalization. Currently, the NYSE has approximately 2,400 listed companies from 48 countries. Regarding the prospects for the development of Vietnam’s capital market, NYSE leaders expressed their hope that Vietnam will soon have companies listed on the NYSE. They also congratulated Vietnam on establishing its International Finance Centre, considering it an important step in its financial market development strategy.

During discussions with NYSE leaders, the Deputy Prime Minister introduced the development orientation of the International Financial Center in Vietnam, aiming for deep connections with international financial markets, attracting international investors to participate in the Vietnamese market, and building a modern, transparent, and efficient financial ecosystem. He requested NYSE to share its experience in building and operating international stock exchanges, especially the application of digital technology in market management and supervision, attracting capital from investment funds, and establishing dispute resolution mechanisms according to international standards. He also requested research into establishing a regular coordination mechanism between relevant agencies and organizations in Vietnam and NYSE.

 

Permanent Deputy Prime Minister Nguyen Hoa Binh visits and works with the New York Stock Exchange

 

Through discussions, both sides agreed that strengthening the connection between Vietnam’s capital market and the NYSE is essential, contributing to elevating Vietnam’s financial market and helping Vietnam’s International Financial Center become more widely known globally.

In addition, the NYSE proposed several areas of cooperation, including sharing market data, enhancing information exchange between the two sides, expanding collaborative connections, and strengthening policy exchanges between the NYSE and Vietnamese stock exchanges.

On the same day, the Deputy Prime Minister received Mr. Christopher Turner, CEO of the private equity firm Warburg Pincus.

Christopher Turner stated that the Fund is very interested in the Vietnamese market due to its high growth potential, dynamic startup ecosystem, and development opportunities in the technology sector. With over 60 years of experience, the Fund is ready to support Vietnam in developing its capital market and hopes to participate in the International Financial Center in the near future.

 

The Deputy Prime Minister of the Government receives Mr. Christopher Turner, CEO of Warburg Pincus private equity fund

 

Deputy Prime Minister Nguyen Hoa Binh expressed his hope that Warburg Pincus would continue to cooperate with Vietnam in investment and business activities, developing the financial market and implementing the International Financial Center model; share Warburg Pincus’s experience in operating International Financial Centers as well as developing modern and advanced financial products and leveraging Vietnam’s unique advantages; and cooperate in supporting human resource training, focusing on the financial sector for Vietnam to serve the modern financial market.

 

Source: Market life (Cafef.vn)