Argentina’s media has praised Vietnam’s decision to develop an international financial center in Ho Chi Minh City, viewing it as a pivotal economic strategy. With a GDP nearing $470 billion and a robust stock market, Vietnam is poised for substantial growth, supported by a strategic geographic location and ongoing infrastructure advancements.
The recent decision by the Vietnamese government to establish an international financial center in Ho Chi Minh City (HCM City) has garnered significant attention and praise from Argentine media, recognizing it as a transformative step in the nation’s economic strategy. In addition, plans for a regional financial center in Đà Nẵng have also been announced, reflecting a commitment to diversifying and enhancing Vietnam’s financial landscape. Both cities are expected to collaborate with relevant authorities to ensure the effective realization of these ambitious projects.
Infobae, an Argentine online publication, has noted the strong potential of Vietnam’s economy, highlighting that the nation’s GDP has reached approximately $470 billion, ranking as the 33rd or 34th largest globally. With a goal to achieve a GDP growth rate of at least 8 percent by 2025 and aspirations for double-digit expansion thereafter, Vietnam’s economic future appears promising. Additionally, the stock market’s growth has been remarkable, with a total value exceeding $283 billion in 2024. Vietnam’s extensive involvement in international trade is evident from its 17 free trade agreements with 65 countries, contributing to a trade turnover of an estimated $800 billion last year despite global economic uncertainties.
Infobae highlights several favorable factors that position Vietnam well for the establishment of financial centers. The country enjoys a stable political climate, social security, and a generally peaceful environment, along with a strategic geographic location in Southeast Asia, recognized as one of the most innovative and dynamic regions globally. The recent launch of HCM City’s inaugural metro line exemplifies significant advancements in urban infrastructure, enhancing transportation services for the city’s nearly 9 million residents. This comprehensive development underscores Vietnam’s position as an emerging financial hub in the region.
The establishment of an international financial center in Ho Chi Minh City marks a significant evolution in Vietnam’s economic development strategy. This initiative is part of the government’s broader plan to enhance the country’s financial landscape and economic competitiveness, with a parallel regional financial center planned for Đà Nẵng. As Vietnam continues to grow economically, such developments are crucial for its positioning within the global market.
In conclusion, Vietnam’s decision to create an international financial center in Ho Chi Minh City represents a bold move towards enhancing its economic stature on the global stage. As emphasized by Argentine media, the country possesses robust economic fundamentals, a strategic location, and a stable political environment, which together establish a strong foundation for the success of these financial initiatives. With ongoing infrastructure improvements and a commitment to economic growth, Vietnam is well-prepared to achieve its ambitious development targets.
Original Source: vietnamnews.vn
