Ho Chi Minh City an expected international financial hub
Launched late last year, the task now for Vietnam’s International Finance Center in Ho Chi Minh City is to ensure it is set up to deliver on its objectives.
HCM City jumps 11 positions in Global Financial Centers Index
The improved standing signals meaningful gains in upgrading the financial business environment, strengthening infrastructure and deepening connectivity with international markets.
PM chairs first meeting of Steering Committee for IFC
The meeting reviewing plans to build, operate and develop the IFC in Ho Chi Minh City and Da Nang.
First 10 members of IFC in Ho Chi Minh City announced
These organisations are among more than 50 investors and institutions that have expressed interest in participating in Vietnam's International Financial Center.
Executive Council of Vietnam's International Financial Center set up
The council is tasked with setting development strategies, roadmaps, and plans for the International Financial Center.
Specialized court model sought to resolve disputes at financial center
The specialized court is designed to be part of the People's Court system but with more flexible organizational and operational mechanisms. It is granted autonomy in proceedings and applies advanced rules to meet the needs of both domestic and international investors.
PM meets global financial firms to advance international financial centre ambitions
They affirm commitment to cooperating in the effort to build Ho Chi Minh City into a leading international financial hub in the region.
International Financial Center in Ho Chi Minh City will be launched in December
The International Financial Center expected to become a "launch pad" to attract global capital flows.
Da Nang advances plans to develop International Financial Center
The proposed international financial center will be built on three strategic pillars: green finance, trade finance, and fintech–digital assets.
Draft decrees relating to International Financial Center expected for approval before November 15
The eight draft decrees guiding the implementation of the National Assembly’s Resolution No. 222/2025/QH15 on the International Financial Center.
UK supports Vietnam to develop an International Financial Center
Lord Mayor of the City of London visits Vietnam to promote support for the establishment of an International Financial Center...
International Financial Center's skilled workforce to enjoy tax-free status until 2030
The draft also outlines corporate income tax incentives to attract investment and promote development of priority sectors at the Center.
Construction of HMC City International Financial Center to start in September
The $7 billion center is expected to serve as a hub for banking, asset management, capital markets, fintech, and derivatives trading.
Da Nang sets up Advisory Council for International Financial Center
The center is envisioned as a regional hub for innovation, green finance, and sustainable investment in the Asia-Pacific.
Central bank proposes reporting rule for e-transfer at future International Financial Center
All electronic money transfers valued at $1,000 or more at the center must be reported for anti-money laundering purposes.
$3.8 mln asset threshold set for domestic banks in International Financial Center
To establish a commercial bank in the IFC, a wholly domestically-owned bank must have minimum total assets of VND100 trillion ($3.8 billion); a wholly foreign-owned bank must have at least VND10 billion (over $380,000) in assets, while a foreign bank branch's parent must possess minimum total assets of VND20 billion (nearly $760,500).
PM invites Japan’s MUFG to join Vietnam’s International Financial Centre development
MUFG is one of Japan’s three largest banking institutions.
First meeting of the Steering Committee on the Regional and International Financial Centers in Vietnam held
PM Pham Minh Chinh stressed the importance of fostering public-private partnerships, mobilizing resources from businesses and the public, and building an advanced financial center.
Da Nang prepares land for tech companies
The city not only preparing the land but also offering significant tax incentives to attract investors.
PM leads steering committee on formulating regional, international financial center project
Organizational structure of the steering committee formed under a Prime Ministerial Decision signed on September 15.