Vietnam approves plan for International Financial Centers to 2035

Vietnam's government has approved a development plan for the Vietnam International Financial Center (VIFC) in Ho Chi Minh City and Da Nang. Deputy Prime Minister Nguyen Van Thang signed the decision, outlining three strategic pillars—capital market development, asset management and commodity markets—and targeting services such as green finance, digital finance, fintech, and derivatives linked to trade and logistics. A competitive legal framework, dispute‑resolution mechanisms and international governance standards will be established to attract leading banks, investment funds and other global financial institutions. The roadmap sets two phases: 2026‑30 will see the legal and supervisory model completed and pilot operations launched; 2031‑35 will expand the ecosystem, deepen market diversity and position the VIFC as a gateway for two‑way capital flows.

In parallel, Deputy Minister of Finance Tran Quoc Phuong met Bloomberg Asia‑Pacific head Bing Li in Hanoi to discuss cooperation on market infrastructure, fintech capability building and linking foreign investors to Vietnam's markets ahead of APEC 2027. Bloomberg pledged technical expertise, media support and AI tools to help implement the VIFC plan and strengthen Vietnam's integration with global capital markets.