The Executive Council will be responsible for shaping the overall strategy, development roadmap, and long-term plans for the IFC, taking into account the conditions, potential, and development needs of the financial centre based in both Ho Chi Minh City and Da Nang.

The council will issue operating regulations for the IFC based on proposals submitted by the executive boards in the two cities. It will establish an Advisory Council comprising reputable domestic and international experts in finance and law to provide consultation on the planning and development of the IFC.

The International Financial Centre in Vietnam was established under a National Assembly resolution dated June 27, 2025. According to the Ministry of Finance, the centre will operate under a “one center, two destinations” model, with the Government planning to develop it in both Ho Chi Minh City and Da Nang.

Accordingly, Ho Chi Minh City will function as a large-scale financial hub, focusing on the development of securities and bond markets, banking, fund management, and listing services. Da Nang, meanwhile, will concentrate on financial services linked to logistics, maritime activities, free trade, and agricultural–industrial supply chains.

The planned core area of the International Financial Centre is expected to cover approximately 899 hectares in Ho Chi Minh City and 300 hectares in Da Nang.

The opening ceremony of the Da Nang Office of the Vietnam International Financial Centre is scheduled to take place on December 21 at Software Park No. 2 on Nhu Nguyet Street, Hai Chau Ward.

Vietnam meets criteria for establishing international financial centers: PM Chinh

VOV.VN - Prime Minister Pham Minh Chinh has underscored that the construction and development of regional and international financial centers in Ho Chi Minh City and Da Nang will create a premise and a solid foundation for Vietnam to enter a new era, an era of the nation’s rise.