PHI Group Inc. Enters Historic Agreement to Establish International Financial Center in Vietnam
In a groundbreaking move, PHI Group Inc. has finalized a consultancy agreement with Dr. D’Orleans de France Benedict Carl William to develop an Integrated Asian Diamond Exchange and International Financial Center in Ho Chi Minh City. The agreement, disclosed in an 8-K filing with the SEC, outlines a comprehensive plan that includes legal and regulatory framework development, infrastructure planning, and risk management.
Dr. William, a renowned expert in the field, has been leading the project since 2018 and will now extend his expertise to establish the International Financial Center. The engagement is set for two years, with a goal to complete the project within six months, subject to both parties meeting their obligations. PHI Group has committed to compensating Dr. William with $15 million for his services.
In addition to this milestone agreement, PHI Group Inc. has also signed a $25 million consultancy deal with Dr. D’Orleans de France Benedict Carl William to advance various projects in Vietnam, including the establishment of a bank fund in Luxembourg and the Asian Diamond Exchange. Dr. William's contributions have been instrumental in the development of these ventures, showcasing his expertise in the financial services industry.
Overall, these developments mark a significant step for PHI Group as it expands its operations in Vietnam and establishes a foothold in the global diamond trade and financial services sector. The agreements highlight the company's commitment to growth and innovation, positioning it as a key player in the international financial landscape.
In conclusion, the establishment of the International Financial Center in Vietnam signifies a major opportunity for investors and financial institutions to capitalize on the emerging market trends in Asia. By leveraging the expertise of Dr. William and PHI Group's strategic vision, this project has the potential to drive significant returns and shape the future of the financial services industry in the region.