Vietnam’s decision to establish a Vietnam International Financial Centre (VIFC) in Ho Chi Minh City and Da Nang marks not merely an economic project, but a significant shift in institutional reform thinking, according to Do Gia Thang, Secretary-General of the Vietnam Business Association in Australia (VBAA).

Vietnam has rolled out a cross-border QR payment service with the Republic of Korea (RoK), marking a new step in financial connectivity between the two countries and supporting growing tourism and trade flows.

The State Bank of Vietnam (SBV) has granted a licence for the establishment of a wholly foreign-owned bank to the Industrial Bank of Korea (IBK), marking a new step forward in attracting international financial investment and expanding the presence of Korean financial institutions in Vietnam.

Vietjet and SPDB Financial Leasing (SPDBFL), a subsidiary of Shanghai Pudong Development Bank, have exchanged an agreement for the finance lease of 10 COMAC C909 aircraft, expanding financial and aviation cooperation between Vietnam and China.

Chairman of the Phu Tho provincial People’s Committee Tran Duy Dong met with representatives of 39 leading and major enterprises from Shanghai on April 16, as part of the provincial investment promotion conference held in China’s financial capital and the Asia-Pacific’s premier economic hub.

A Switzerland – Vietnam dialogue on artificial intelligence (AI) and financial technology (fintech) built on trusted digital infrastructure has been held in Zurich, bringing together representatives from governments, financial institutions, technology firms and innovation ecosystems of both countries.

The Fintech Hub, one of four strategic pillars of the Vietnam International Financial Centre in Ho Chi Minh City (VIFC-HCMC), was launched on April 14 at a high-level investment forum co-organised with Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank).

As Vietnam accelerates digital banking and develops an international financial centre, cooperation with Australia in financial technology (fintech) and regulatory technology (regtech) is expected to unlock significant opportunities for building a modern, transparent, and globally connected financial ecosystem.

VOV.VN - A scientific workshop on a regulatory sandbox mechanism for the international financial centre was held in Hanoi on April 2 by the Ho Chi Minh City International Financial Centre (VIFC-HCMC), the Global On-chain Economy Alliance (GOE Alliance), the University of Economics Ho Chi Minh City (UEH) and the Nationa

Ho Chi Minh City has recorded a notable improvement in global financial centre rankings amid intensifying competition among financial hubs worldwide.