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.

Digital finance is emerging as a key driver of Vietnam’s economic transformation as the country strives to achieve high-income status by 2045, create millions of new jobs, and expand access to finance for all, experts said at a conference in HCM City on October 29.

Permanent Deputy Prime Minister Nguyen Hoa Binh held talks with Deputy Prime Minister and Minister of Finance of the United Arab Emirates (UAE) Maktoum bin Mohammed bin Rashid Al Maktoum, and met with other officials as well as representatives of local businesses on September 24-25 as part of his working visit to UAE.

Deputy Prime Minister Nguyen Hoa Binh have met with top UAE officials, including ADGM Chairman Ahmed Jasim Al Zaabi, to discuss strengthening bilateral investment ties and developing Vietnam’s international financial centre (IFC).

Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has become the first bank in Vietnam to successfully issue US$300 million in sustainable bonds on the international market.

Four Vietnamese commercial banks have become members of the International Finance Corporation’s (IFC) Alliance for Green Commercial Banks, a global initiative to accelerate sustainable finance and green banking practices across emerging markets.

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.