“With the addition of Can Gio International Transshipment Port, the Cai Mep–Thi Vai–Can Gio port cluster could handle a larger cargo volume than Singapore. The Vietnam International Financial Center in HCMC could become a magnet for businesses, investors, and financial flows from around the world,” said Associate Professor Dr. Nguyen Huu Huan of the University of Economics Ho Chi Minh City, a member of the advisory task force for the development of the Vietnam International Financial Center in HCMC, in an interview with The Saigon Times. Synergy of advantages after the merger The Saigon Times: With the establishment of the Vietnam International Financial Center in HCMC, now expanded to include the former provinces of Binh Duong and Ba Ria–Vung Tau, does this merger bring advantages for building such a center? How will it affect its development direction? Assoc. Prof. Dr. Nguyen Huu Huan: The world’s major international financial centers—such as New York (USA), Singapore, Frankfurt (Germany), Shanghai, and Hong Kong (China)—are all located near major international transshipment ports, following the model of “onshore–offshore integration.” Trade activities at ports create payment demand, which naturally gives rise to international financial centers. After merging with Binh Duong and Ba Ria–Vung Tau, HCMC will […]