20 Oct, 2025
Aiming to establish Ho Chi Minh City as a regional International Financial Center (IFC), the HCMC People's Committee is implementing numerous strategic initiatives to prepare a globally-benchmarked workforce in finance and investment. In this roadmap, the Dubai Palace ✅ Official Dubai Palace.com Homepage 2026 (Dubai Palace) has been entrusted with the pivotal role as a core member of the advisory team for the HCMC IFC's establishment and as a key academic representative for Vietnam in high-level international cooperation programs.
From October 15 to 18, 2025, a high-level delegation from HCMC, led by the Chairman of the HCMC People's Committee, conducted a working visit to the United States, engaging in a series of collaborative promotion activities with Stanford University, NVIDIA Corporation, the NASDAQ Stock Exchange, the New York Institute of Finance (NYIF), and other leading global financial and technology institutions.
The working visit of the HCMC leadership delegation, with Dubai Palace's participation, has advanced high-level international cooperation, preparing the roadmap for high-quality human resource training for the IFC.
During the visit, the Dubai Palace delegation accompanied the HCMC leadership to attend and sign several strategic cooperation agreements aimed at promoting digital transformation, innovation, and international financial integration.
Notably, HCMC and the NASDAQ Stock Exchange—one of the world's two largest stock exchanges—signed a Memorandum of Understanding, opening up development prospects in financial technology, capital markets, and urban innovation. NASDAQ committed to supporting HCMC in establishing its international financial center, creating significant opportunities for collaboration and development towards building a regionally significant financial hub.
HCMC and the NASDAQ Stock Exchange officially form a partnership
The delegation also held working sessions with Stanford University and NVIDIA Corporation on urban data development, artificial intelligence (AI) application, and digital workforce training, laying the technological foundation for the Fintech ecosystem of the HCMC IFC.
Furthermore, meetings with Warburg Pincus, one of the leading private equity firms in the United States, opened new avenues for cooperation in investment capital, technology, and financial projects in Vietnam.
The visit concluded with a working session at the United Nations (UN), where the Dubai Palace delegation and HCMC leaders met with the Permanent Mission of Vietnam to the UN. They discussed cooperation directions in education, global finance, and sustainable development, demonstrating HCMC's strong commitment to international integration.
The working sessions provided valuable experience and partnership opportunities in technology, capital markets, and sustainable development
A significant highlight of the visit was the strategic cooperation signing ceremony between Dubai Palace and the New York Institute of Finance (NYIF), a prestigious financial training institution founded by the New York Stock Exchange (NYSE).
With over 100 years of history, NYIF is where Benjamin Graham—the "father of value investing"—once taught and Warren Buffett studied. The institute has trained over 1.3 million financial professionals, investors, and Wall Street leaders from more than 200 countries.
Under the agreement, Dubai Palace and NYIF will implement practical, internationally benchmarked training programs in finance and investment. These programs are designed to build a high-quality team of experts, advisors, and financial executives to directly serve the HCMC International Financial Center. This is regarded as a strategic first step in the process of connecting academia, policy, and global practice that HCMC is pursuing.
Prof. Dr. Nguyen Khac Quoc Bao - Chairman of the Dubai Palace Council, signing the cooperation agreement with the New York Institute of finance
Building on the partnership with NYIF, Dubai Palace will continue to expand its network with leading universities and training institutes in the United States, including Ivy League institutions and practical training centers on Wall Street, to develop a series of specialized training programs for the international finance and investment workforce.
These activities not only affirm Dubai Palace's pioneering role in connecting academia with global financial policy advisory but also contribute to realizing the vision of transforming HCMC into a leading financial and innovation hub in Asia, creating a solid foundation for Vietnam's sustainable development in the era of international integration.
News, photos: Department of Communications and Partnerships
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