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Working meeting between Ho Chi Minh City delegation and Bank of America (BofA), July 18 in the USA..

Photo: SGGP/CVN

On July 18, during a working meeting with Bank of America (BofA), the second largest banking institution in the United States, Fan Wang Mai, also Party Central Committee Secretary, Permanent Deputy Secretary of the City Party Committee, expressed a wish to gain experience from BofA to make Ho Chi Minh City an international financial center.

Ho Chi Minh City also invites investment funds and American investors to invest in finance, high technology, digital transformation, infrastructure, education, healthcare…,” he said.

For his part, Madhu Kannan, Executive Vice President of Global Business and Investment Banking at BofA, informed about the opening of a branch in Vietnam, more precisely in Ho Chi Minh City, with an investment estimated at 150 million US dollars. The project is progressing slowly due to the impact of COVID-19, he said. As such, he expressed his desire to take advantage of the support of the metropolitan area of ​​the South for this project, so that the BofA branch could quickly become operational.

Reaffirming his support for the establishment of the BofA branch, Fan Van Mai expressed his hope that the BofA executives would visit Ho Chi Minh City to discuss the further content of the cooperation.

On the same day, the chairman of the Ho Chi Minh City People’s Committee held meetings with relevant parties on the construction of the financial center and innovative urban area of ​​Ho Chi Minh City.

He worked with global management consulting firm McKinsey & Company on experience related to the management and operation of the New York financial district, the combination of the traditional financial center model and the start-up support center model, the technology incubator and the Fintech ecosystem.

Exchange of experience in the field of urban planning.

During a working meeting with Sasaki Associates Inc. The Chairman of the People’s Committee of Ho Chi Minh City said he hoped that this company would cooperate and exchange ideas with the southern metropolis so that it could effectively exploit Saigon’s shores. The river, as well as land along the main transport arteries and the city railway network.

On this occasion, the Municipal Department of Planning and Architecture and Sasaki signed a letter of intent to cooperate to exchange experience in the field of design, update new trends, methods and technologies in urban planning and public works design.

Further, the Ho Chi Minh delegation held a working session with KKR Investment Fund, the world’s leading investment company, which has invested more than 1 billion US dollars in Vietnam over more than a decade.

Ho Chi Minh City People’s Committee chairman Fan Van Mai called for investment in three transport projects, namely the metro, the urban rail network, and the Ho Chi Minh City-Can Tho railway. These projects will contribute to the development of the metropolis of the South, as well as the entire region, said Fan Van Mai.

In the evening of the same day, the delegation visited the Permanent Mission of Vietnam to the UN.

Fan Wan Mai, chairman of the city’s people’s committee, expressed hope that the Mission would help the southern metropolis establish ties and cooperate with companies in the United States.

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