Vietnam-US Relations: 30 Years of Cooperation and the Path Ahead
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At the meeting, Chairman Nguyen Van Duoc expressed his pleasure in welcoming Robert H. McCooey, Vice Chairman of Nasdaq, to visit and work in Ho Chi Minh City.

He also expressed his delight that the Comprehensive Strategic Partnership between Vietnam and the United States continues to develop dynamically across many fields, particularly in economic and technological cooperation.

Chairman of the Ho Chi Minh City People’s Committee Nguyen Van Duoc talks with Nasdaq Vice Chairman Robert H. McCooey during the meeting. (Photo: People's Newspaper)

Nguyen Van Duoc noted that Nasdaq is known as one of the largest stock exchanges in the United States, alongside the New York Stock Exchange (NYSE).

At present, Ho Chi Minh City is in the process of establishing the Vietnam International Financial Center, following the National Assembly’s approval of Resolution 222 on the development of an international financial center in Vietnam.

This resolution provides a crucial legal framework for the city to begin its journey. Ho Chi Minh City hopes to cooperate comprehensively in building the Vietnam International Financial Center in the city, focusing on areas where Nasdaq has strong advantages such as technology, international connectivity, and especially credibility and investor confidence in mobilizing capital flows from around the world.

“Ho Chi Minh City and Nasdaq have reached a consensus in principle to sign a memorandum of understanding on cooperation during my upcoming visit to the United States.

This memorandum will serve as an important starting point for more concrete actions to realize the establishment of the Vietnam International Financial Center in Ho Chi Minh City,” Nguyen Van Duoc said.

During the meeting, Robert H. McCooey, Vice Chairman and Global Head of Capital Markets at Nasdaq, stated that Nasdaq’s strengths do not lie in tangible infrastructure such as buildings or land, but primarily in technology, human resources, and its ability to build trust within the global investment and financial community.

He emphasized that Ho Chi Minh City, a young and dynamic metropolis with a large population and the economic hub of Vietnam, holds significant potential and real opportunities. He expressed his hope that the international financial center in Ho Chi Minh City will become a leading financial and technology hub in the region.

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