Plan for the Establishment of International Financial Centers in Vietnam
On August 1, 2025, the Steering Committee for the International Financial Center in Vietnam issued Decision No. 114/QD-BCDTTC, effective from the date of signing, to implement the plan for establishing the International Financial Centers (IFC) in Vietnam.
This Decision applies to agencies, organizations, and individuals involved in the construction and operation of the IFCs in Ho Chi Minh City and Da Nang.
Objectives by the end of 2025
Operation of the IFCs: To commence operations of the IFCs in Ho Chi Minh City and Da Nang by the end of 2025, aiming to attract financial resources and promote socio-economic growth.
Legal framework: To complete a specific legal framework for the IFCs, ensuring consistency and transparency, thereby facilitating the participation of international investors and major financial institutions.
Infrastructure and services: To develop essential infrastructure and services in the two cities to support the IFCs, with the completion of several key infrastructure projects by the end of 2025.
Financial ecosystem: To build a modern financial ecosystem, including new markets and high-tech financial services.
Coordination mechanism: To establish an effective coordination and supervision mechanism to ensure close cooperation among ministries, sectors, and localities.