Attending the meeting were Politburo member and Secretary of Ho Chi Minh City Party Committee, Nguyen Thien Nhan; Chairman of the municipal People’s Committee, Nguyen Thanh Phong; and Deputy Governor of the State Bank of Vietnam, Nguyen Thi Hong. Secretary of the city Party Committee Nguyen Thien Nhan affirmed the important role of HCMC which is regarded as the southern key economic center in the country. The city contributes over 45 percent percent to Vietnam’s gross domestic product, more than 42 percent of the state budget, and 56 percent of the country’s total foreign direct investment project with a total investment value accounting for 45 percent of the country. The city’s export accounted for 40 percent while over 60 percent of the amount remitted to the southern economic hub. Total market capitalization of the Ho Chi Minh City Stock Exchange (HoSE) is 93.5 percent. These figures show the necessary of building a regional and global financial center in HCMC to meet the growing demand of the economic development of the country and HCMC particularly. Demands in the financial sector will link closely to artificial intelligence (AI) and big data processing in the future, he added. The municipal Party Committee’s leader… Read full this story
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