Ho Chi Minh City has readied necessary infrastructure, personnel, and investors for the operation of its International Financial Centre (IFC), slated to be inaugurated on December 19, Dr. Truong Minh Huy Vu, Director of the Ho Chi Minh City Institute for Development Studies (HIDS), has said.

The 15th National Assembly on December 5 discussed the draft law on the establishment of a specialised court at the International Financial Centre (IFC) at its ongoing 10th session.

The 15th National Assembly (NA) held group discussions in Hanoi on December 4 as part of its 10th session to review a draft Law on Specialised Courts at the planned International Financial Centre (IFC) and a draft Resolution on mechanisms and policies for national energy development for the 2026–2030 period.

With perceived flexible regulations, foreign-friendly incentives, and fintech sandboxes, Vietnam’s International Financial Centre (IFC) is becoming a magnet for both global and local digital asset players seeking growth and compliance in one of Asia’s largest crypto markets.

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.