Strengthening Financial Ties: Vietnam’s Delegation Visits the UK and Italy

From September 16 to 22, 2025, a high-level delegation led by Vietnam’s Ministry of Finance embarked on a strategic working visit to the United Kingdom and Italy. This mission aimed to enhance cooperation across several key sectors including finance, banking, securities, and investment, all while accelerating digital transformation initiatives between Vietnam and Europe.

Bridging Technology and Finance

Accompanying the delegation was CMC Corporation, one of Vietnam’s foremost technology enterprises. Their involvement emphasized a dual purpose: not only to foster financial cooperation but also to promote Vietnam’s fintech and digital solutions on an international scale. CMC positioned itself as a critical bridge, connecting Vietnam’s burgeoning tech ecosystem with global markets.

The investment promotion conference held in London was a pivotal moment during the trip. Dang Tung Son, Vice President and Chief Strategy Officer of CMC Corporation, delivered an impactful keynote presentation on Vietnam’s booming digital economy and its potential for foreign investment. His insights garnered significant attention from attendees, highlighting Vietnam as a promising destination for tech investment.

Vietnam’s Commitment to Digital Transformation

Vietnam’s rapid digital transformation is noteworthy. According to Son, by the end of 2025, the digital economy is poised to contribute around 20% of Vietnam’s GDP. This projection comes after six consecutive years of being recognized as Southeast Asia’s fastest-growing digital market. The young, tech-savvy population coupled with high internet penetration sets the stage for remarkable growth in e-commerce, logistics, and digital payment solutions.

The Vietnamese government, through Resolution 57, has underscored the importance of science, technology, innovation, and digital transformation as vital components of economic growth. The ambitious goal is to cultivate at least five globally competitive digital technology enterprises by 2030.

CMC Corporation: Pioneering Digital Innovation

As a leading technology partner to banks, financial institutions, and enterprises, CMC Corporation is on a mission to solidify its status as a global player in digital transformation and artificial intelligence. The company has ambitious targets, aiming to reach USD 1 billion in revenue and employ over 10,000 staff by 2028.

The Vietnamese government has entrusted CMC with significant national projects. These include developing a National Cloud Platform, which will become a Make-in-Vietnam cloud solution to underpin critical systems like core banking and payment processing. Additionally, the establishment of a National AI Platform, known as C-OpenAI, is set to tackle local challenges across various sectors, including finance, healthcare, and education.

CMC’s advanced data centers, regarded as the most sophisticated in Vietnam, currently serve around 60% of the banking, financial services, and insurance (BFSI) sector and host nodes for global giants Microsoft and AWS.

UK as a Gateway to Europe

The UK is envisioned as CMC’s first European hub by 2026. The company has already initiated fintech projects in London and is an active member of the BritCham Technology Council. Expanding upon this foundation, Son proposed CMC as a technology partner for UK businesses interested in investing in Vietnam and as a facilitator for firms seeking to penetrate the European market.

The collaborative potential was further illustrated during the Vietnam-Italy Investment Dialogue in Milan, where CMC engaged with investors and other partners. The discussions signaled promising opportunities including:

• Increased investment in Vietnam’s technology landscape.
• Joint research and development opportunities in AI and fintech.
• Expansion of CMC’s operational presence in Europe.
• Knowledge sharing and talent training in technology transfer.

Chairman Nguyen Trung Chinh articulated CMC’s strategy, emphasizing “AI-X and Go Global” as core philosophies. His assertions reflect a commitment to cohesion between Vietnam’s technology sector and international efforts to drive innovation.

Financial Performance and Future Directions

The financial health of CMC Corporation lays the groundwork for its ambitious initiatives. In FY2024, the company recorded consolidated revenues of USD 320 million and a pre-tax profit of USD 19.6 million. This formidable financial base allows for considerable investment into areas such as AI, cloud technologies, data centers, and cybersecurity, ensuring sustainability and growth in international partnerships.

As CMC continues its journey toward becoming a global leader in digital transformation, its role in connecting Vietnam’s technology innovations to the world will undoubtedly play a crucial part in driving the nation’s economic future.