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Việt Nam builds a strong legal foundation for IFC

Việt Nam builds a strong legal foundation for IFC

The Ministry of Justice on October 3 held a pivotal seminar focusing on the development of a comprehensive legal framework for Việt Nam’s emerging International Financial Centres (IFCs).
IFC invests 200 million in LG Innotek Hải Phòng

IFC invests $200 million in LG Innotek Hải Phòng

The investment will help LG Innotek Hai Phong build a third plant to expand production of smartphone camera modules.
Việt Nam and UAE deepen cooperation on international financial centre development

Việt Nam and UAE deepen cooperation on international financial centre development

Deputy Prime Minister Nguyễn Hoà Bình have met with top UAE officials, including ADGM Chairman Ahmed Jasim Al Zaabi, to discuss strengthening bilateral investment ties and developing Việt Nam’s international financial centre (IFC).
Transparency, fairness and stability are essential for developing financial centre

Transparency, fairness and stability are essential for developing financial centre

By the end of 2025, the Government aims for International Financial Centres (IFC) in HCM City and Đà Nẵng to become operational, creating a breakthrough in attracting financial resources and contributing to economic and social development.
Talent hunt fuels IFC tax sweeteners

Talent hunt fuels IFC tax sweeteners

The proposal was raised in a draft decree on financial policies for the IFC.
Support from UK partners needed in developing Việt Nams financial market: official

Support from UK partners needed in developing Việt Nam's financial market: official

HCM City, as the country’s largest economic and financial hub, is expected to take the lead in key areas such as capital markets, banking and commodity trading. Meanwhile, Đà Nẵng, with its strategic location and open-minded spirit, holds great potential...
International Financial Centre: A hard nut to crack for banks

International Financial Centre: A hard nut to crack for banks

The SBV’s draft decree stipulates that member banks of the IFC will not benefit from early intervention, special control measures, restructuring support, or special loans in case of distress. Instead, the resolution approach will be license revocation, dissolution, bankruptcy, and...
Four Vietnamese banks join IFCs Green Alliance to boost sustainable finance

Four Vietnamese banks join IFC's Green Alliance to boost sustainable finance

The Alliance serves as a platform for banks committed to embedding sustainability in their strategies while financing the transition to low-carbon, resilient and inclusive economies.
E-transfers from 1,000 USD at Vietnams IFC must be reported: Draft decree

E-transfers from 1,000 USD at Vietnam’s IFC must be reported: Draft decree

The State Bank of Vietnam (SBV) has proposed that all electronic money transfers of US$1,000 or more at the shaping International Financial Centre (IFC) must be reported.
VETC secures IFC investment to expand digital tolling across Việt Nam

VETC secures IFC investment to expand digital tolling across Việt Nam

The five-year convertible bond deal will help VETC, which controls 75 per cent of the ETC market, expand its system nationwide by 2030.
​​​​​​​Womens participation critical to fuel Việt Nams green ambitions

​​​​​​​Women's participation critical to fuel Việt Nam’s green ambitions

While the solar energy, plastics recycling and rice production sectors are central to Việt Nam''s climate ambitions, women remain significantly underrepresented – holding just 23 per cent of formal jobs and 21 per cent of leadership roles on average.
Việt Nam establishes steering committee to develop financial hub

Việt Nam establishes steering committee to develop financial hub

Prime Minister Phạm Minh Chính will chair the committee, which will provide strategies to develop regional and international financial centres.
Foreign agencies help Việt Nam build legal framework for e-waste

Foreign agencies help Việt Nam build legal framework for e-waste

Việt Nam''s government plans to introduce a stand-alone Extended Producer Responsibility Decree in the third quarter in 2025, signaling a major step towards refining the country’s waste management and circular economy policies.
Private sector key to Việt Nams green transition: IFCs insight

Private sector key to Việt Nam's green transition: IFC’s insight

Việt Nam News speaks with Thomas Jacobs, International Finance Corporation (IFC) country manager for Việt Nam, Cambodia, and Laos, about the private sector''s role in Việt Nam''s green transition.
IFC and Welcome Financial Group collaborate to tackle non-performing loans in Việt Nam

IFC and Welcome Financial Group collaborate to tackle non-performing loans in Việt Nam

The platform aims to offload up to $1.2 billion in NPLs, enabling up to 400,000 debtors to regain formal credit access.