The State Bank of Vietnam reported on Deputy Governor Pham Thanh Ha’s participation in a Vietnamese Government delegation visit to the United States, focused on strengthening financial cooperation and mobilising investment and expertise for Vietnam’s international financial centre initiative in Ho Chi Minh City and Da Nang. Engagements in New York and San Francisco included a working session with Warburg Pincus, a Vietnam–US business roundtable on attracting capital to the international financial centre, meetings with the New York Stock Exchange and NASDAQ, and discussions with major financial institutions and technology firms including Deutsche Bank, Morgan Stanley, BlackRock, Franklin Templeton, Anchorage Digital and Pendle. Market participants highlighted priorities such as international-standard market infrastructure (including post-trade systems and central counterparty mechanisms), legal reforms to attract long-term capital (including a roadmap to relax foreign ownership limits in banking), updated listing and equity issuance rules for technology and fintech firms, development of new products such as real estate investment trusts, and measures to deepen the bond market and improve transparency and legal stability. On banking and foreign exchange management, Ha pointed to a Government decree on banking activity in the international financial centre that the central bank helped develop, providing for a more open approach to capital transactions from abroad into the centre and within the centre, and allowing entities in the centre to lend to the rest of Vietnam under simplified procedures while enabling the State Bank of Vietnam to monitor inbound and outbound flows to support monetary and financial stability.

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