Connecting Vietnam’s IFCs with global initiatives

Connecting Vietnam’s IFCs with global initiatives

Vietnam has provided the legal foundation for establishing international financial centres (IFCs) in Ho Chi Minh City and Danang city, while outlining some specific initiatives to support the country in this mission.
Institutional autonomy a key link for IFC ambitions

Institutional autonomy a key link for IFC ambitions

Vietnam’s plans to establish international financial centres (IFCs) in Ho Chi Minh City and the central city of Danang reflect its ambition to become a regional hub for capital, innovation, and financial services. This initiative comes at a pivotal moment, as ASEAN emerges as a new engine of global growth and regional capital flows deepen.
Benefits are vast in financial centres

Benefits are vast in financial centres

The emergence of Vietnam from its struggles through wars and state planning in years past has been remarkable in terms of improving living standards and taking its place in the global economic and political community. Hong Kong has been involved in this transition, serving as a window to the world’s best practices in nearly every facet of the economy.
Financial centres will ensure new standards

Financial centres will ensure new standards

International trade, green finance, and digital assets are key points for Vietnam to increase its competitive advantage on the path to building its first international financial centres.
IFC ambitions in full swing for Vietnam

IFC ambitions in full swing for Vietnam

Vietnam has plans to offer policies and a legal framework to draw in investors to develop international financial centres.
Investors need guidelines for IFC ambitions

Investors need guidelines for IFC ambitions

Several foreign investors are eager to partner with the Vietnamese government to develop a financial centre in the country, but emphasise the need for more open and innovative mechanisms to make it happen.