This affirmation was made by chairman of the municipal People's Committee Nguyễn Thành Phong at the HCM City Economic Forum on Friday.
Attending the forum, Deputy Prime Minister Vu Duc Dam stressed HCM City's important role as a socio-economic spearhead for Vietnam, noting that the city's development into a regional and global financial hub is not only its own wish but also a goal of the whole nation.
Since 2001, finance has been identified as one of the nine major service industries in the city. But the level of development and transactional scale of the city's financial market is still small, which limits its attractiveness to large economic corporations around the world. The HCM City People's Committee is scheduled to submit the plan to develop the city into a regional and global financial hub to the Government in June 2020.
