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.
Việt Nam has taken another step towards building an international financial centre by setting up a high-level steering council to oversee its development and operations.
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.
Decree No. 302/2025/NĐ-CP, released on November 19, sets up a central fund under the Ministry of Construction and requires provincial authorities to establish and manage corresponding local housing funds.
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 programme has become an important credit resource, helping tens of thousands of households, workers, and low-income workers to have conditions to settle down and stabilise their lives.
The summit is expected to bring together top business leaders, government representatives, and experts from various fields to explore collaboration opportunities in key areas such as trade, environmental, social and governance (ESG), and finance.
In a draft Circular now under consultation, the central bank outlines measures to identify, assess and contain systemic risks in the monetary, banking and financial sectors.
Shinhan Life Vietnam has been honoured with the Best Financial Protection Insurance Award at the Vietnam Wealth Advisor Summit 2025 (VWAS 2025) on September 25.