{"id":4956,"date":"2025-08-12T16:41:07","date_gmt":"2025-08-12T09:41:07","guid":{"rendered":"https:\/\/dinhhongky.com\/uncategorized\/de-tp-hcm-la-trung-tam-tai-chinh-co-trach-nhiem-dau-tien-cua-asean-bai-3\/"},"modified":"2025-08-13T08:54:58","modified_gmt":"2025-08-13T01:54:58","slug":"for-ho-chi-minh-city-to-become-aseans-first-responsible-financial-center-part-3","status":"publish","type":"post","link":"https:\/\/dinhhongky.com\/en\/articles\/for-ho-chi-minh-city-to-become-aseans-first-responsible-financial-center-part-3\/","title":{"rendered":"For Ho Chi Minh City to Become ASEAN\u2019s First Responsible Financial Center (Part 3)"},"content":{"rendered":"

By \u0110inh H\u1ed3ng K\u1ef3 \u2013 Doanh Nh\u00e2n S\u00e0i G\u00f2n Online<\/em>, August 12, 2025<\/p><\/blockquote>\n

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Ho Chi Minh City\u2019s international financial center (IFC), recently approved by the National Assembly, is expected to become the \u201cgateway\u201d for Vietnam to integrate more deeply into global capital markets. However, an IFC that functions solely as a place for financial transactions will quickly become outdated.<\/p>\n

Integrating green finance into the IFC<\/h3>\n

In a world entering the post-carbon era\u2014where ESG and green finance have become mandatory standards for capital flows\u2014the overarching concept of financial activities serving environmental goals is paramount. This includes financing projects for energy efficiency, renewable energy, sustainable transportation, smart cities, and climate risk management, all in line with green finance criteria.<\/p>\n

Globally, major stock exchanges have already established ESG indices, green bonds have become a key fundraising channel, and financial institutions are restructuring investment portfolios toward net-zero emissions.<\/p>\n

If Ho Chi Minh City wants to compete with centers like Singapore and Shanghai, it must develop a green finance model<\/strong>. This is the most feasible and suitable path to differentiate the city\u2019s IFC.<\/p>\n

Key solution groups to make green finance the \u201csoul\u201d of the Ho Chi Minh City International Financial Center include:<\/p>\n

First<\/strong>, the city should develop its own set of green finance standards compatible with the EU Taxonomy and other international benchmarks, while adapted to Vietnam\u2019s realities. This standard set will serve as the basis for licensing, supervising, and assessing financial institutions within the center. Additionally, a Ho Chi Minh City Green Finance Development Council<\/strong> should be established, consisting of representatives from government, banks, businesses, and experts, tasked with policy advice and ESG oversight.<\/p>\n

Second<\/strong>, invest in green finance data infrastructure<\/strong>, including ESG credit scoring systems, carbon indices for listed companies, and mandatory disclosure platforms. Building a carbon trading exchange should be prioritized, serving as a crucial tool to connect enterprises with the emissions offset market.<\/p>\n

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Ngo\u00e0i nh\u1eefng ch\u00ednh s\u00e1ch chung nh\u01b0 mi\u1ec5n thu\u1ebf thu nh\u1eadp c\u00e1 nh\u00e2n cho chuy\u00ean gia n\u01b0\u1edbc ngo\u00e0i hay thu\u1ebf TNDN 10% trong 30 n\u0103m, TP.HCM n\u00ean tri\u1ec3n khai th\u00eam c\u00e1c \u01b0u \u0111\u00e3i chuy\u00ean bi\u1ec7t nh\u01b0 mi\u1ec5n thu\u1ebf ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu xanh, tr\u1ee3 c\u1ea5p l\u00e3i su\u1ea5t cho t\u00edn d\u1ee5ng xanh, ho\u1eb7c c\u01a1 ch\u1ebf b\u1ea3o l\u00e3nh cho c\u00e1c kho\u1ea3n vay ph\u1ee5c v\u1ee5 chuy\u1ec3n \u0111\u1ed5i n\u0103ng l\u01b0\u1ee3ng v\u00e0 kinh t\u1ebf tu\u1ea7n ho\u00e0n nh\u1eb1m t\u1ea1o \u0111\u1ed9ng l\u1ef1c \u0111\u1ec3 c\u00e1c t\u1ed5 ch\u1ee9c t\u00e0i ch\u00ednh trong v\u00e0 ngo\u00e0i n\u01b0\u1edbc ch\u1ecdn TP.HCM l\u00e0 n\u01a1i tri\u1ec3n khai c\u00e1c s\u1ea3n ph\u1ea9m \u0111\u1ea7u t\u01b0 b\u1ec1n v\u1eefng.<\/p>\n

Regional linkages as a foundation<\/h3>\n

Former Binh Duong<\/strong>, with nearly USD 44 billion in FDI, is an ideal place to develop corporate green finance, circular trade credit, and ESG transition consulting services for industrial plants. Meanwhile, former Ba Ria\u2013Vung Tau<\/strong>, Vietnam\u2019s energy hub, has strong demand for climate risk insurance, financing for hydrogen projects, and offshore wind power\u2014fields perfectly suited to green finance mechanisms.<\/p>\n

A \u201cregional green finance zone<\/strong>\u201d model connecting multiple sub-centers would help reduce pressure on Thu Thiem while fully leveraging each area\u2019s economic strengths.<\/p>\n

Learning from Shanghai<\/strong> and Singapore<\/strong>\u2014two of the region\u2019s largest IFCs\u2014shows that the core factor is not transaction volume, but the ability to create sustainable value and lead new standards. Shanghai has succeeded with its FTZ offering strong incentives for carbon trading, while Singapore has become a Fintech Hub with the largest ESG capital inflows in Southeast Asia.<\/p>\n

Ho Chi Minh City can learn from them, but should not simply copy. Its unique path is green finance<\/strong>\u2014a sector where the city has both domestic demand and strong support from the Government. If carefully and consistently designed, the Ho Chi Minh City International Financial Center could become ASEAN\u2019s first responsible financial center<\/strong>, meeting the world\u2019s post-carbon sustainable development expectations.<\/p>\n

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(*) Chairman of Secoin Corporation, Chairman of the Ho Chi Minh City Green Business Association (HGBA)<\/strong><\/p>\n

Original article link on Doanh Nh\u00e2n S\u00e0i G\u00f2n Online<\/em>: https:\/\/doanhnhansaigon.vn\/de-tp-hcm-la-trung-tam-tai-chinh-co-trach-nhiem-dau-tien-cua-asean-bai-3-321080.html<\/a><\/p>\n<\/div>\n<\/div>\n

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By \u0110inh H\u1ed3ng K\u1ef3 \u2013 Doanh Nh\u00e2n S\u00e0i G\u00f2n Online, August 12, 2025 Ho Chi Minh City\u2019s international financial center (IFC), recently approved by the National Assembly, is expected to become the \u201cgateway\u201d for Vietnam to integrate more deeply into global capital markets. However, an IFC that functions solely as a place for financial transactions…<\/p>\n","protected":false},"author":3,"featured_media":4958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles"],"_links":{"self":[{"href":"https:\/\/dinhhongky.com\/en\/wp-json\/wp\/v2\/posts\/4956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dinhhongky.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinhhongky.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinhhongky.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dinhhongky.com\/en\/wp-json\/wp\/v2\/comments?post=4956"}],"version-history":[{"count":2,"href":"https:\/\/dinhhongky.com\/en\/wp-json\/wp\/v2\/posts\/4956\/revisions"}],"predecessor-version":[{"id":4960,"href":"https:\/\/dinhhongky.com\/en\/wp-json\/wp\/v2\/posts\/4956\/revisions\/4960"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dinhhongky.com\/en\/wp-json\/wp\/v2\/media\/4958"}],"wp:attachment":[{"href":"https:\/\/dinhhongky.com\/en\/wp-json\/wp\/v2\/media?parent=4956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinhhongky.com\/en\/wp-json\/wp\/v2\/categories?post=4956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinhhongky.com\/en\/wp-json\/wp\/v2\/tags?post=4956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}