Argentine media has praised Vietnam’s decision to develop international financial centres in Ho Chi Minh City and Da Nang as part of its economic strategy. Infobae highlighted the country’s strong economic potential, significant stock market growth, and strategic positioning in Southeast Asia. These initiatives are expected to bolster Vietnam’s financial landscape and attract foreign investment, even amid global economic challenges.
Vietnam’s plan to create an international financial centre in Ho Chi Minh City has received positive coverage from Argentine media, highlighting this initiative as a major shift in the nation’s economic strategy. Additionally, the Vietnamese Government is considering the establishment of a regional financial centre in Da Nang. The cities involved are encouraged to collaborate effectively to ensure that designated targets are met successfully.
An article by Infobae, a noted Argentine news outlet, praised Vietnam’s potential for developing these financial centres. It cited critical advantages including a growing economy, with a GDP nearing $470 billion, ranking Vietnam as the 33rd or 34th largest economy globally. The country aims for a GDP growth target of 8% for 2025, with aspirations for double-digit growth thereafter.
Further reinforcing this positive outlook, Vietnam’s stock market is projected to surpass a total value of $283 billion in 2024. The country’s deep engagement in global trade is underlined by its 17 free trade agreements covering 65 nations. Despite challenges in the worldwide economic climate, Vietnam’s trade turnover was estimated at $800 billion last year, demonstrating resilience and robust economic activity.
Alongside these economic indicators, Infobae pointed to Vietnam’s stable political climate, effective social systems, and a peaceful living environment. The nation’s strategic location in Southeast Asia boosts its standing as a hub in one of the most vibrant and innovative regions globally. The recent opening of Ho Chi Minh City’s first metro line was emphasized as a vital advancement in urban infrastructure, catering to the commuting needs of its nearly nine million residents.
Vietnam is undergoing significant changes in its economic strategies aimed at boosting its global financial presence. The government’s initiative to establish international financial centres in major cities reflects a broader vision of integrating into the world economy. By enhancing urban infrastructure and fostering trade agreements, Vietnam is positioning itself as a central economic player in Southeast Asia, leveraging its geographical advantages and committed growth targets to attract foreign investment and enhance trade opportunities.
In conclusion, Vietnam’s initiative to develop international financial centres in Ho Chi Minh City and Da Nang signifies a transformative step towards modernizing its economy and enhancing its global financial standing. Supported by strong economic growth, substantial trade activities, and a strategic location, Vietnam is poised to emerge as a key financial hub in Southeast Asia despite prevailing global economic challenges. This endeavor is expected to attract investment and further solidify the country’s role in the international market.
Original Source: vietnamnews.vn
