From September 16 to 22, 2025, a high-level delegation led by Vietnam’s Ministry of Finance paid a working visit to the United Kingdom and Italy. The mission aimed to boost cooperation in finance, banking, securities, investment, and accelerate digital transformation between Vietnam and Europe.

Accompanying the delegation was CMC Corporation – one of Vietnam’s leading technology enterprises – reaffirming its role as a bridge to bring Vietnam’s fintech and digital solutions to the global stage.

Vietnam’s strong commitment to digital and AI transformation

At the Investment Promotion Conference in London, Dang Tung Son – Vice President SVP/Chief Strategy Officer of CMC Corporation – the only technology sector representative from Vietnam – delivered a keynote on Vietnam’s digital economy and investment opportunities, drawing strong attention from participants.

He highlighted that the digital economy has become one of the strongest global growth drivers, with AI playing a transformative role. In Vietnam, the digital economy is expected to account for about 20% of GDP by the end of 2025, after six consecutive years as Southeast Asia’s fastest-growing digital market. Growth is powered by a young, tech-savvy population, high internet penetration, and rapid development in e-commerce, logistics, and digital payments.

Under Resolution 57, the government has identified science, technology, innovation, and digital transformation as key economic growth drivers, with a target for Vietnam to have at least five globally competitive digital technology enterprises by 2030.

CMC’s pioneering mission in Vietnam’s digital economy

As the trusted technology partner of banks, financial institutions, enterprises, and global hyperscalers, CMC is pursuing its ambition to become a global DX and AIx enterprise. The company targets USD 1 billion in revenue and over 10,000 employees by 2028.

This year, the government assigned CMC two strategic national missions:

1. National Cloud Platform – developing CMC Cloud, a Make-in-Vietnam cloud, into the National Cloud Platform. Critical systems such as core banking, payment switching, and even Layer-1 blockchain are already running on CMC’s domestic cloud.

2. National AI Platform – building C-OpenAI, based on 25 core technologies developed by CMC, including Computer Vision, NLP, LLMs, Data Analytics, and Speech Processing. Designed as an open platform, C-OpenAI aims to solve local challenges in finance, education, healthcare, and legal governance.CMC’s AI platforms are hosted at its state-of-the-art data centers – the most advanced in Vietnam. These facilities serve 60% of BFSI organizations and host the first nodes of Microsoft and AWS in the country.

“In the next three years, CMC plans to partner on hyperscale data centers (30–100 MW) in Hanoi, Da Nang, and Ho Chi Minh City, comparable to the world’s leading AI data centers,” said Mr. Dang Tung Son.

Global expansion: UK as gateway to Europe

CMC has already implemented fintech projects in London and is a founding member of the BritCham Technology Council. The UK is set to be its first European hub in 2026.

Concluding his presentation, Son proposed that CMC serve as a technology bridge for UK businesses investing in Vietnam and as a partner in expanding into Europe. CMC is ready to support technology transfer, workforce training, and collaboration in fintech and AI – supporting both the Da Nang International Financial Center and other emerging industries.

As part of the mission, CMC attended the Vietnam–Italy Investment Dialogue in Milan, visited the London Stock Exchange, and engaged with investors and partners in both countries.

New opportunities for collaboration include:

Increased investment in Vietnam’s technology marketJoint R&D in AI and fintech, including IFC Da NangExpansion of CMC operations in EuropeTechnology transfer, knowledge sharing, and talent training“AI-X and Go Global are CMC’s two consistent strategies,” said Chairman Nguyen Trung Chinh. “We are committed to working with the Ministry of Finance and international partners to ensure Vietnam’s technology integrates with and contributes to global innovation.”

With 32 years of development, CMC is a trusted partner of over 30 banks, financial institutions, and thousands of enterprises in Vietnam. Its fintech, AI, and cloud solutions are driving digitalization in finance and banking.

In FY2024 (April 2024 – March 2025), CMC recorded consolidated revenue of USD 320 million (VND 8,203 billion), EBITDA of nearly USD 39 million, and pre-tax profit of USD 19.6 million. This financial strength enables further investment in AI, cloud, data centers, and cybersecurity, while expanding international partnerships.

PV