Vietnam is well-positioned to develop an international financial center: Cambridge expert
(VOVWORLD) - Vietnam has the necessary foundation to establish an international financial center that serves both domestic and global markets, according to Associate Professor Dr. Nguyen Dang Bang, a finance expert at Judge Business School, University of Cambridge.
 Associate Professor Dr. Nguyen Dang Bang (Source: FTU) |
In a recent interview with the Vietnam News Agency, Dr. Bang said that Vietnam ranks in the top five for trade openness, with a trade-to-GDP ratio exceeding 1.5 times. This liberal trade environment extends to financial flows, laying the groundwork for a global financial hub. Its strategic location at the intersection of Southeast and East Asia—home to the fastest-growing economies—further strengthens its position.
A key advantage, Mr. Bang noted, is Vietnam’s population of over 100 million, with young people making up a large share and a strong domestic market. Vietnam also enjoys geopolitical stability, making it a more attractive destination for international investors compared to risk-prone markets.
Dr. Bang emphasized that attracting global talent is crucial, and in this regard, Ho Chi Minh City holds significant advantages due to its rich culture, history, and vibrant social life.
He also pointed out that the living environment plays a critical role in investors’ decisions on where to settle and conduct business.