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Vietnam international financial center development

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2026-10-29 04:14 UTC → 2026-10-29 04:46 UTC · added removed

Vietnam is implementing a “one center, two destinations” model to establish international financial centers in Ho Chi Minh City and Da Nang. Under this framework, Ho Chi Minh City will focus on traditional finance and large-scale project funding, while Da Nang will prioritize innovation and modern financial sectors. The initiative aims to diversify capital mobilization sources, which currently rely heavily on bank credit, to support national development goals. During the 2026 Autumn Economic Forum, Deputy Prime Minister Nguyen Van Thang Thang, acting as Chairman of the Vietnam International Financial Centre (VIFC) Executive Council, directed the Ho Chi Minh City International Financial Center branch (VIFC-HCMC) to resolve regulatory obstacles and accelerate its transition from organizational establishment to substantive operations. He set a target for the center to facilitate its first official transactions by November 2026. Financial institutions To meet this timeline, stakeholders are focused on resolving regulatory bottlenecks. Key requests from banks and businesses have requested improvements regarding licensing, investors include speeding up licensing processes for member banks, establishing mechanisms for capital transfers, transactions during licensing transitions, and refining frameworks for tax policies incentives, asset management, and dispute resolution. Additionally, participants proposed developing new products such as green finance, aviation finance, and trade finance to better attract international investment. Additionally, capital. SonKim Capital IFC was has been recognized as a formal an official member of the center, planning to mobilize $275 million for social infrastructure. VIFC-HCMC, marking a step toward connecting international capital with Vietnamese assets.

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  1. 2026-10-29 04:46 UTC Vietnam international financial center development
  2. 2026-10-29 04:14 UTC Vietnam international financial center development

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