The Ho Chi Minh City Department of Finance and Binance on November 26 signed a memorandum of understanding (MOU) on cooperation to accelerate the development of Vietnam’s International Financial Centre in Ho Chi Minh City (VIFC – HCMC).

The Vietnam International Financial Centre in Ho Chi Minh City on November 25 introduced the Global On-Chain Economy Alliance to pilot next-generation digital finance models, promote innovation, and attract international capital, with an aim of making the city a leading financial and digital asset hub in the region.

VOV.VN - Da Nang City, in coordination with the Vietnamese Embassy in Austria, held a business roundtable in Vienna on November 17 to seek Austrian expertise and experience in developing its International Financial Centre and high technology.

Vietnam’s planned International Financial Centre (IFC), slated for launch in November, is attracting growing attention from global investors seeking a transparent legal framework, diverse investment options, advanced infrastructure and a quality living environment - elements essential for the IFC to become a trusted hub for international capital.

After years of preparation in planning and strategy, the development of an international financial centre (IFC) in Ho Chi Minh City has entered a substantive implementation phase, driven by new cooperation agreements with leading global financial institutions and internationally standardised training programmes, paving the way for its launch in 2025.

Vietnam regards the establishment of an international financial centre as one of the key institutional breakthroughs and an important move to unlock resources, accelerate growth model transformation associated with economic restructuring and enhance national competitiveness, Prime Minister Pham Minh Chinh said on November 4.

VOV.VN - Prime Minister Pham Minh Chinh has affirmed Vietnam’s readiness to work with partners to build a transparent and effective international financial centre, while ensuring protection of legitimate interests for investors and businesses.

State President Luong Cuong held brief meetings with the Prime Ministers of Japan and New Zealand, the heads of delegations from Papua New Guinea and Peru, and the Chief Executive of China’s Hong Kong Special Administrative Region in the Republic of Korea on October 31 afternoon (local time).

State President Luong Cuong received John Denton, Secretary-General of the International Chamber of Commerce (ICC), in Gyeongju city, the Republic of Korea (RoK), on October 30, on the occasion of the 32nd Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Week.

The German state of Hessen stands ready to support and cooperate with Vietnam in developing international financial centres, particularly in training, consulting, and investment promotion, its Minister of Science and Research, Arts and Culture Timon Gremmels said on October 21.