During the first Autumn Economic Forum, Mr. Nguyen Van Duoc, Chairman of Ho Chi Minh City People’s Committee, met with Mr. Peng Yang, CEO of Ant International (Singapore), to discuss collaboration opportunities for developing the Vietnam International Financial Center in Ho Chi Minh City (IFC-HCM).
According to Mr. Duoc, IFC-HCM has garnered significant interest and support from global financial institutions and corporations. It is scheduled to commence operations in December. Ho Chi Minh City welcomes and invites businesses to join in establishing and expanding their operations within IFC-HCM.
Numerous global corporations, financial institutions, and experts expressed interest in collaborating with Vietnam and Ho Chi Minh City during the Autumn Economic Forum, directed by the Prime Minister.
Chairman Nguyen Van Duoc welcomed Ant International’s interest in Ho Chi Minh City, highlighting their strengths in digital payments and technological innovation, which align with the city’s vision.
He also noted that preparations for IFC-HCM’s launch are nearly complete. Ho Chi Minh City is collaborating with Nasdaq Finance to develop a modern, open, and integrated financial ecosystem.
Mr. Peng Yang emphasized Ant International’s commitment to supporting IFC-HCM’s development. The company is considering relocating a digital payment research and development center to Ho Chi Minh City and expanding services for small and medium-sized enterprises.
He advised Ho Chi Minh City to learn from global financial hubs while creating its unique identity to enhance its appeal.
Mr. Yang suggested that Ho Chi Minh City could aim to become a global trade center by implementing a “sandbox” mechanism and specific policies to foster innovation in finance and trade.
He believes Ho Chi Minh City has the potential to become a regional innovation hub, particularly in AI and digital technology. The increasing number of tech giants establishing data centers in Vietnam will significantly boost IFC-HCM’s growth.
Chairman of Ho Chi Minh City People’s Committee meets with Mr. Peng Yang to discuss IFC-HCM development opportunities.
During the 2025 Autumn Economic Forum, Ho Chi Minh City and Binance signed a Memorandum of Understanding (MOU) to advance IFC-HCM. Both parties agreed to cooperate on digital assets, blockchain technology, and regulatory compliance, adhering to Vietnamese laws, international treaties, and global standards.
The signing ceremony between Ho Chi Minh City Finance Department and Binance was witnessed by Prime Minister Pham Minh Chinh, Deputy Prime Minister Bui Thanh Son, and city leaders.
The partnership includes capacity-building through training programs, personnel exchanges, and expert consultations. Both sides will explore collaboration on digital payment infrastructure, AI solutions, and blockchain-based innovation ecosystems.
Binance will facilitate connections with international financial organizations and investors and co-organize promotional events in Ho Chi Minh City and related jurisdictions.
A joint working group will be established to develop action plans, monitor progress, and address challenges. The group will meet at least twice annually, either in person or virtually.
Prime Minister Pham Minh Chinh and Ho Chi Minh City leaders met with major financial corporations during the Autumn Economic Forum to discuss IFC ecosystem development in Vietnam.
The agreement between Ho Chi Minh City and Binance is expected to enhance regulatory capacity, expand Vietnam’s capital market connectivity, and attract high-quality investment in finance, technology, and innovation. This underscores Ho Chi Minh City’s commitment to building a dynamic, transparent, and sustainable international financial center, aligning with Vietnam’s 2030 vision.
Ho Chi Minh City and Da Nang are the two locations hosting the Vietnam International Financial Center. The Ho Chi Minh City Finance Department has been tasked with leading policy implementation for its establishment.
During a meeting with 500 global CEOs, Chairman Nguyen Van Duoc assured investors that the city is finalizing preparations for IFC-HCM’s December launch and is committed to creating an attractive investment environment.
A 10-hectare site in Thu Thiem New Urban Area has been designated as IFC’s headquarters. During the two-year construction period, the center will temporarily operate from 8 Nguyen Hue Street, Sai Gon Ward.
The Real Estate Race: Hanoi and Ho Chi-Minh City in a Constant Chase
Mr. Vu Cuong Quyet, CEO of Dat Xanh Northern Region, observes that the Hanoi and Ho Chi Minh City markets have long been engaged in a dynamic race. Historically, Ho Chi Minh City has consistently taken the lead, only for Hanoi to later surge ahead, followed by Ho Chi Minh City’s recovery and renewed pursuit. This pattern of close competition has persisted since 1991–1992, driven by the cyclical nature of the market and investor capital flow trends.
Gold Shops in Ho Chi Minh City Under Scrutiny
The Market Management Force of Ho Chi Minh City recently conducted inspections at multiple gold shops in Phu Thanh Ward, uncovering and confiscating a significant amount of jewelry valued at hundreds of millions of Vietnamese dong.
Ben Thanh Service to Exit the Public Market After 15 Years of Listing
Ben Thanh Service Corporation (HNX: BSC) has received notification of its public company status termination, effective November 25, 2025, marking the end of a decade and a half of listing on the stock exchange.
Unveiling Dormant Housing Projects on Prime Land in Ho Chi Minh City for Years
Nestled in prime locations across Ho Chi Minh City, numerous real estate projects, approved for investment decades ago, remain dormant, stifling urban development and marring the city’s aesthetic appeal.
Affordable Housing Projects in Hai Phong and Ho Chi Minh City Now Accepting Applications
Beyond Hanoi, numerous social housing projects in other localities such as Ho Chi Minh City and Hai Phong have also started accepting registration applications.
