Ho chi minh city: Cooperation in capital market development, cross-border payment, fintech, and green finance has been identified as focal areas of the Vietnam-Republic of Korea (RoK) financial ties as the Vietnam International Financial Centre in Ho Chi Minh City (VIFC-HCMC) officially begins operations, heard a forum held in the southern metropolis on July 13. At the Vietnam-RoK Financial Cooperation Forum, organised by VIFC-HCMC and the Consulate General of the RoK in Ho Chi Minh City, experts, policymakers, and business representatives discussed ways to strengthen financial market connectivity and attract international capital flows.
According to Vietnam News Agency, the forum highlighted the importance of enhancing collaboration between Vietnam and the RoK to boost financial market integration and support sustainable economic growth in the region. The establishment of VIFC-HCMC is seen as a significant step in facilitating increased capital flows and promoting innovative financial solutions between the two countries.
The discussions at the forum emphasized the need to develop robust cross-border payment systems and invest in fintech innovations to enhance financial services. Additionally, the focus on green finance aligns with global efforts to address environmental challenges through sustainable investment practices.
Experts at the forum also addressed the potential for the VIFC-HCMC to serve as a hub for financial cooperation, attracting investors and fostering greater economic ties between Vietnam and the RoK. The collaboration is expected to pave the way for new opportunities in various sectors, further solidifying the strategic partnership between the two nations.