Ho Chi Minh City will begin construction of a long-planned international financial centre (IFC) in September, part of Vietnam’s push to position itself as a regional financial hub alongside Singapore and Hong Kong (China).

Ho Chi Minh City took a major step toward establishing itself as a global financial hub with the opening of the Saigon Marina International Financial Centre (Saigon Marina IFC) Tower on August 19, one of the 80 landmark projects launched to celebrate Vietnam’s 80th National Day (September 2).

The Ministry of Industry and Trade has proposed six types of commodity exchanges to be operated at the planned International Financial Centre (IFC) which would cover both traditional goods markets and emerging financial and commercial products.

VOV.VN - Prime Minister Pham Minh Chinh called on Japan’s largest financial group MUFG to support Vietnam in developing an international financial centre, during his reception for Hironori Kamezawa, President and CEO of the group in Hanoi on August 7.

VOV.VN - The establishment of an international financial centre (IFC) in Vietnam must not only attract investors but also proactively lead a new financial model in the country, said Prime Minister Pham Minh Chinh.

Vietnam hopes Swiss authorities and experts will share their experience and offer practical recommendations for the country in building, managing, and operating its international financial centre, said National Assembly (NA) Chairman Tran Thanh Man.

Vietnam’s roadmap to establishing an international financial centre (IFC) hinges not only on planning, infrastructure and human capital, but above all, on attracting strategic investors, according to experts.

A business roundtable between Ho Chi Minh City and Astana of Kazakhstan took place on July 15 to discuss cooperation for the development of the Vietnam International Financial Centre in the country's southern economic hub.

VOV.VN - Vietnamese-German University (VGU) on June 27 opened its first training course for managers of Vietnam’s international financial centre, drawing the participation of leading experts from Germany.

VOV.VN - With 438 out of 447 deputies voting in favour, the National Assembly on June 27 passed a resolution on the establishment of an International Financial Centre in Vietnam, paving the way for the development of the financial market in Vietnam.