Our Economic Development Team hosted a foreign delegation from Vietnam that represented a large investment hedge fund based in Singapore. This particular group was travelling to the United States representing a broad spectrum of business partnerships and evaluating investment opportunities. Three major areas of focus included:
- Discussions around building new international services around Innovation, Education, and Exchange. In particular, this group was interested in international exchange services that would facility business networking, professional & student education, and potential for two-way access to start-ups and technology.
- Members of this effort also represented very large scale real estate develops in emerging countries that included both high rise living and resort properties. They were looking for strategic partnerships to US suppliers and manufacturers in the construction of these large properties due to poor materials sourcing from China.
- This group is also supporting a new North American-based global financial platform and was talking with our business partners about integrating this platform under many of the large real estate / campus projects. This platform supports a broad array of credit card and analytics features on an international scale differentiated from most of the largest platforms today. It includes aspects of currency exchange and ability to transfer funds under a process model of governance of approvals for control and audibility. As technology increases the ability to transfer and establish governance models at various levels of society it raises a larger global issue around the movement of capital across national boundaries. The platforms will ultimately bring new regulation around global cooperation and security but could be certainly disruptive in the mean time.
Upon the delegation returning to Asia we have continued ongoing discussions around these opportunities.