On August 28, Da Nang City People’s Committee, in collaboration with the Central Committee on Policies and Strategies, organized Vietnam Finance Forum 2025, a key event during Danang Finance and Technology Week 2025.
In his opening remarks, Mr. Nguyen Thanh Nghi, Member of the Party Central Committee, Head of the Central Committee on Policies and Strategies, emphasized the special significance of the event, taking place on the occasion of the 80th anniversary of the August Revolution and National Day (September 2) and ahead of the Da Nang Party Congress.
Establishing a Financial Center is Both Urgent and Strategic
According to Mr. Nguyen Thanh Nghi, the Vietnam Finance Forum 2025 is the nucleus of the week, bringing together government agencies, scientists, experts, businesses, and domestic and foreign investors. The forum serves as a platform for discussions and policy consultations to promote the formation of an international financial center (IFC) in Vietnam, with Da Nang taking the lead.
Mr. Nguyen Thanh Nghi delivers a speech at the Vietnam Finance Forum 2025
“Establishing an IFC is both urgent and strategically important, affirming Vietnam’s integration position,” Mr. Nguyen Thanh Nghi emphasized.
The presentations focused on key themes: fintech, green finance, and sustainable development – crucial areas to enhance policy effectiveness, improve the business environment, and mobilize domestic and foreign resources.
Mr. Nghi expressed his confidence that with its unique geo-economic position, Da Nang can become a modern IFC adhering to international standards, contributing to the advancement of digital finance and the digital economy. The IFC in Da Nang will add a new growth pole alongside traditional centers, while expanding the space for high-quality financial services associated with logistics, tourism, and technology.
Vietnam Finance Forum 2025 during Danang Finance and Technology Week
Apart from finance, he also highlighted the significance of blockchain and semiconductors – two of the 11 strategic technologies prioritized by Vietnam. In his view, the combination of finance, blockchain, and semiconductors demonstrates a long-term vision: advanced financial institutions unlock capital for technology, blockchain provides transparent infrastructure for new financial services, and semiconductors bring core capabilities to ensure competitive advantages. When these three pillars work in unison, Da Nang has the opportunity to become an international financial and innovation center for both Vietnam and the region.
Ho Chi Minh City and Da Nang: One Center, Two Destinations
At the forum, Deputy Minister of Finance Nguyen Thi Bich Ngoc shared that the National Assembly’s Resolution established a development model for the international financial center with the concept of “one center – two destinations.” Accordingly, Ho Chi Minh City takes on a large-scale hub role, while Da Nang assumes a specialized position. The core spirit is to distribute roles to create synergy, avoid duplication, and prevent direct competition.
Mr. Nguyen Thanh Nghi and Da Nang leaders visit the exhibition booths during Danang Finance and Technology Week 2025
Ho Chi Minh City will focus on attracting diverse capital such as stocks, bonds, investment banking, and asset management. Da Nang will develop niche markets based on its advantages in seaports, international airports, the East-West Economic Corridor, and coastal industries.
Danang Finance and Technology Week 2025 also features “Vietnam Blockchain Day” (August 29) and “Da Nang Semiconductor Day” (August 30). These events aim to promote the application of new technologies, foster collaboration among scientists, businesses, and investors, and showcase Da Nang’s potential in finance and technology.
Positioning International Financial Centers: Ho Chi Minh City as the ‘Liquidity Hub’ and Da Nang as its ‘Extended Arm’
At the Vietnam Finance Forum 2025, held on the morning of August 28 in Da Nang, experts offered pivotal recommendations for establishing an international financial hub in Vietnam.
“Tether Partners with Da Nang City: What’s Next for the World’s Largest Stablecoin Issuer in Vietnam?”
This move is set to accelerate the development of an international financial hub in Danang.
“The Role of International Financial Centers in Ho Chi Minh City and Da Nang: A Strategic Perspective.”
“Vietnam’s Deputy Minister of Finance, Mrs. Nguyen Thi Bich Ngoc, sheds light on the National Assembly’s Resolution for a two-hub Financial Center. Ho Chi Minh City takes the lead as the primary hub, while Danang assumes a specialized role. This strategic move emphasizes unique contributions and synergy, steering clear of replication.”
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“With the evolving landscape of technology, experts believe that the widespread adoption of blockchain applications and digital assets is imminent. As the legal framework surrounding this innovative technology becomes more defined, it is expected that people of all ages, not just the youth, will embrace these advancements.”
The Four Pillars: Positioning Da Nang’s International Financial Center to Stand Apart from Ho Chi Minh City
The Ministry of Finance has proposed four key pillars to position Da Nang’s International Financial Center uniquely, setting it apart from Ho Chi Minh City’s role.
