The Deputy PM stressed that developing the VIFC is particularly important and urgent as Việt Nam faces huge demand for resources to support economic growth, especially the double-digit expansion target.
Integrated into the official VIFC portal at vifc.gov.vn, the system provides a unified online service channel through which investors, organisations and businesses can complete procedures related to membership.
Organisers introduced information about the investment environment, mechanisms, policies, and development direction of the Vietnam International Financial Centre in HCM City (VIFC-HCMC) to domestic and foreign investors at an investment promotion conference in HCM City on Tuesday.
Việt Nam aims to position the IFC among the world’s top 75, the Asia-Pacific’s top 25 and third in ASEAN according to the Global Financial Centres Index or equivalent international index.
In an interview with the Vietnam News Agency, Associate Professor Nguyễn Hữu Huân, Vice Chairman of the Executive Board of the Việt Nam International Financial Centre in HCM City, discussed how the new policy direction of Resolution 10 could reshape...
Rather than competing directly with mature centres such as Singapore or Hong Kong, Việt Nam should focus on building a model tailored to its own economic conditions and development needs.
According to experts, HCM City should continue developing its capital market, specialised financial institutions and advanced financial products to complement bank lending and reduce dependence on traditional credit sources.
Singapore’s United Overseas Bank (UOB) is exploring membership in the Vietnam International Financial Centre (VIFC), a project meant to connect domestic, global and regional capital flows.
Việt Nam and the United Kingdom (UK) are seeking to deepen cooperation in capital market development, green finance and the establishment of the international financial centres (IFC) hubs in Đà Nẵng and HCM City.
Venture capital is critical to spurring technological innovation and pushing Vietnamese firms into emerging sectors while supporting legal fine-tuning to breakthrough momentum for economic growth, said Deputy Minister of Finance Nguyễn Đức Tâm.
Việt Nam is positioning its international financial centre to tap shifting global capital flows, focusing on niche segments, competitive costs and a modern regulatory framework to attract strategic investors.