Vietnam and US Firms Forge New Ties in Fintech and Sustainable Growth
Vietnam and US businesses explored deeper financial and technological ties at a high-level roundtable in California. Held on 27 March 2023, the event brought together over 50 American firms and Vietnamese officials to discuss investment opportunities in fintech, blockchain, and sustainable development. Permanent Deputy Prime Minister Nguyen Hoa Binh led the Vietnamese delegation during his US visit. At the Vietnam-US Financial and Technology Roundtable, themed 'Technology and the future of global finance', Binh outlined Vietnam's plans to develop a modern international financial hub. Ho Chi Minh City will serve as the centre for traditional capital markets, while Da Nang will focus on fintech and digital assets. He also emphasised the country's commitment to attracting high-quality foreign investment in priority sectors.
Hong Fang, representing cryptocurrency exchange OKX, expressed interest in supporting Vietnam's fintech growth. The company aims to share expertise in creating regulatory sandboxes for digital assets. Meanwhile, Beau Perry, CEO of Blue Evolution, proposed collaborations in regenerative agriculture and seaweed farming, aligning with Vietnam's sustainable development goals. Participants urged clearer regulations to speed up fintech partnerships, including frameworks for AI-driven businesses and pilot sandbox programmes. California State Treasurer Fiona Ma described Vietnam as a vital partner, highlighting strong interest from local businesses and universities in expanding trade and investment links. During his visit, Binh also met with Vietnamese consulate staff in San Francisco. In Oregon, officials reaffirmed their longstanding ties with Vietnam and pledged support for the country's plan to train 50,000 engineers by 2030.
The roundtable concluded with agreements to strengthen cooperation in finance, technology, and sustainable industries. Vietnam's strategy to become a regional financial hub received backing from US firms, while calls for regulatory clarity aim to fast-track future projects. Both sides signalled readiness to move forward with concrete investment plans.
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