The centre, spanning approximately 300 hectares in the Software Park No. 2 area, was established under Government Decree No. 323 issued on Dec. 18, 2025.

The facility is designed to integrate closely with Vietnam’s innovation, digital technology, and sustainable finance ecosystems. It aims to serve as a controlled testing ground for new financial models, including digital assets, cashless payments, specialized trading platforms, supply chain financing, and third-party financial services. It also seeks to attract both domestic and international financial institutions and experts.

At the inaugural ceremony, Ho Ky Minh, Vice Chairman of the Da Nang People’s Committee, said the project is unprecedented in Vietnam but represents a “major national decision that will support the city’s breakthrough and sustainable development.”

Meanwhile, Deputy Prime Minister Nguyen Hoa Binh emphasised that the inauguration marks a strategic national initiative to unlock resources, transform growth models, and enhance productivity, competitiveness, and economic restructuring.

“Vietnam aims not only to meet domestic financial needs but also to position itself as a leading participant in global financial markets and attract high-quality international capital,” he said.

The Da Nang centre has already completed its organisational structure, appointed an international expert as Director of the Member Board, issued temporary membership procedures, and processed applications for 12 financial institutions, with five more banks and organisations receiving letters of interest. It will feature multiple functional zones across two Da Nang wards, Hai Chau and An Hai, designed to facilitate living and working for international financial professionals.

A dedicated online portal for the Da Nang International Financial Centre was also launched at the inauguration, providing a one-stop digital service platform for investors and members.

Vietnam has officially established a single International Financial Centre operating across two cities, Ho Chi Minh City and Da Nang, under a unified management structure but with distinct strategic focuses. The move follows the National Assembly’s approval of Resolution 222/2025/QH15 on June 27, 2025, which took effect on September 1, 2025.

Unlike traditional models with separate centres, Vietnam’s IFC is unified, with different roles assigned to each location. Ho Chi Minh City will serve as the country’s primary financial hub, emphasising traditional and international-standard financial services, including banking, capital markets, asset management, insurance, and fintech platforms. The city is also tasked with attracting global financial institutions and investors, developing capital markets, and piloting innovative financial products.

In contrast, the Da Nang site is designed to focus on specialized, creative, and sustainable finance. Key areas include advanced digital finance, electronic payments, digital assets, green finance, supply chain financing, and other innovative financial services. The Da Nang facility will leverage the region’s technology parks, logistics, and port infrastructure to support experimental financial models and align with environmentally sustainable development goals.

Vietnam’s unified IFC model aims to integrate the country more deeply into global financial markets while fostering innovation, sustainability, and regional economic development.

Early preparations put Da Nang on track to operate international financial center

VOV.VN - Pursuant to Conclusion No. 79 of the Politburo and the Party Central Committee’s policy guidelines, Da Nang has proactively established the necessary conditions to launch and operate an international financial center in an effective, reputable and sustainable manner.