HCMC – Vietnam looks to work with Makara Capital to establish its central city of Danang as an international financial hub, aiming to bolster economic growth alongside Hanoi and HCMC, Deputy Prime Minister Bui Thanh Son said.
Son was speaking during a meeting with Ali Ijaz Ahmad, chairman of global financial services firm Makara Capital on January 15. He urged the Singapore-based company to collaborate on the project, which includes institutional reforms, investment attraction, and global financial integration.
Makara Capital Chairman Ali Ijaz Ahmad expressed strong interest in the project, emphasizing the importance of learning from established financial hubs such as Singapore, Dubai, and Kazakhstan.
To position Danang as a regional financial center, human capital and conditions for professionals are crucial, along with robust legal frameworks to ensure safe and efficient capital movements, Ahmad said.
Ahmad pledged to send Makara’s experts to assist Danang with policy development, talent training, and connections to international financial networks. He described the initiative as an opportunity for Vietnam to test financial reforms on a regional scale before expanding them nationwide.
