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.
As a late entrant in an increasingly competitive global market, Việt Nam must offer attractive policies to draw investment to the VIFC while maintaining effective oversight, managing risks and safeguarding macroeconomic stability.
Under the Government’s plan, VIFC-HCMC will focus on banking, capital markets and investment connectivity, while VIFC-DN will specialise in fintech, digital and green finance.
Việt Nam has set a goal for at least 300,000 small and medium-sized enterprises (SMEs) to have outstanding loans at credit institutions by 2030 under the new national financial inclusion strategy.
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.
To develop the maritime economy sustainably and enhance national competitiveness, Việt Nam needs to build a comprehensive maritime financial ecosystem where capital flows, financial services, and logistics operations are tightly interconnected domestically.
The two-day World Financial Innovation Series (WFIS) in Hà Nội on Tuesday brought together more than 500 key decision-makers from leading banks, insurance firms, digital lenders and microfinance institutions to explore the future of Việt Nam’s digital finance sector.
PAN Group plans to issue nearly 41.8 million bonus shares to existing shareholders as part of a capital increase from equity sources, according to a recent announcement by the company.
Prudential Vietnam has launched the Cha-Ching financial education programme at Xuân Đông Primary School in Đồng Tháp Province, continuing its efforts to promote financial literacy among primary school students nationwide.
Việt Nam can draw on lessons from the London Financial Centre to build a globally competitive financial market for its next growth phase, Executive Director of the London Southside Chamber of Commerce Radiana Vlahova told Vietnam News Agency.
Việt Nam’s decision to establish a Vietnam International Financial Centre (VIFC) in HCM City and Đà Nẵng marks not merely an economic project, but a significant shift in institutional reform thinking.
Việt Nam’s push to build an international financial centre (IFC) is placing financial technology (fintech) cooperation with Australia at the centre of its long-term strategy, as policymakers seek to modernise the banking system and attract global capital.