Chairing a meeting to review the development strategy and operational framework for the International Financial Centre, Bình acknowledged the progress made by relevant ministries and localities in a short period of time. However, he noted that current efforts have largely...
The Vietnam International Financial Centre in HCM City has secured multi-billion-dollar commitments and is rapidly emerging as a new hub for global capital flows into Việt Nam.
The centre operates under a ''one centre, two destinations'' model in HCM and Đà Nẵng cities, focusing on institutional breakthroughs and modern technological infrastructure.
International experts believe that, thanks to its distinctive advantages, the newly launched Đà Nẵng International Financial Centre (IFC) will develop sustainably, enhance Việt Nam’s standing on the regional and global financial map, and a fresh growth engine for the central...
Vietnamese commercial banks, which operate in the country’s International Financial Centre (IFC), are not allowed to purchase and sell bonds issued in foreign currency abroad exceeding 7 per cent of their equity.
Prime Minister says centres will mobilise capital for infrastructure without raising public debt whilst positioning Việt Nam in global financial network.
Unlike established IFCs in regional commercial hubs like Hong Kong (China) or Singapore, HCM City is emerging amid global supply chain restructuring, creating opportunities for Viet Nam to become a key link in the new value chain.
The two parties will also work together to support the innovation ecosystem, including SMEs and start-ups applying digital technologies, blockchain and financial technology.
Prime Minister Phạm Minh Chính has instructed ministries and local authorities to accelerate preparations so that Việt Nam’s International Financial Centre can begin operations by November 2025.
Experts said Việt Nam’s planned International Financial Centre could help nurture future unicorns and attract global capital with flexible policies and open digital infrastructure.
Speaking at the Government’s meeting on Tuesday to discuss eight draft decrees guiding the implementation of the National Assembly’s Resolution 222/2025/QH15 on the development of the IFC in Việt Nam, PM Chính urged breakthrough and superior mechanisms to attract international...
The building of an IFC aims to not only attract investment or connect with the world but also develop new and efficient governance mechanisms, policies, and models, PM Phạm Minh Chính has said.
The State Bank of Việt Nam has proposed that all international electronic money transfers valued at US$1,000 or more within the country’s forthcoming international Financial Centre (IFC) must be reported to strengthen monitoring mechanisms and anti-money laundering (AML) efforts.
Việt Nam’s ambition to develop its first financial centre should begin with strengthening regional competitiveness before going global, according to Co-President of the Swiss FinTech Association (SFTA) Philip J.Weights.
The Ministry of Industry and Trade has proposed six types of commodity exchanges to be operated at the international financial centre (IFC), which would cover both traditional goods markets and emerging financial and commercial products.