This morning, December 21, according to the scheduled program, Prime Minister Pham Minh Chinh will chair a conference at the Government Office to announce the establishment of the International Financial Center in Vietnam.
Prime Minister Pham Minh Chinh will chair the conference announcing the establishment of the International Financial Center in Vietnam.
Also in attendance will be Deputy Prime Minister Nguyen Hoa Binh, leaders from various ministries, local authorities, and international guests.
Following the announcement of the International Financial Center in Vietnam, the Executive Board of the International Financial Center will be inaugurated at the conference. This board was established under Decision No. 2755 dated December 18, issued by the Prime Minister.
According to Decision No. 2755, Deputy Prime Minister Nguyen Hoa Binh will serve as the Chairman of the Executive Board of the International Financial Center in Vietnam. The Vice Chairpersons include: Mr. Nguyen Van Thang, Minister of Finance; Ms. Nguyen Thi Hong, Governor of the State Bank of Vietnam; Mr. Nguyen Van Duoc, Chairman of the People’s Committee of Ho Chi Minh City; and Mr. Pham Duc An, Chairman of the People’s Committee of Da Nang City.
Previously, the Government issued Decree No. 323 on December 18, 2025, regarding the establishment of the International Financial Center in Vietnam. This decree provides detailed regulations and guidelines for the implementation of Articles 8 and 9 of Resolution No. 222/2025/QH15 dated June 27, 2025, by the National Assembly concerning the establishment of the International Financial Center in Vietnam.
Decree No. 323 clarifies that the International Financial Center is a unified legal entity operating in two locations: Ho Chi Minh City and Da Nang City. The operating regulations of the International Financial Center, approved by its Executive Board, are universally effective and uniformly applied across both locations.
The International Financial Center in Ho Chi Minh City aims to develop a comprehensive and diverse financial ecosystem, offering traditional and specialized financial services. It leverages the synergistic effects of financial services such as capital mobilization, investment, payment, issuance and trading of financial products, asset management, fintech services, green finance, and other financial services.
The International Financial Center in Ho Chi Minh City aims to develop a comprehensive and diverse financial ecosystem.
The International Financial Center in Da Nang City is envisioned as a modern international financial hub, closely integrated with an innovative ecosystem, digital technology, and sustainable finance. It will provide a controlled testing ground for new financial models, pioneering the deployment and expansion of digital asset products, digital payments, specialized trading platforms, and exchanges.
Regarding the development roadmap and plan, according to the decree, the People’s Committees of Ho Chi Minh City and Da Nang City are responsible for establishing and operationalizing the International Financial Center during the 2025-2026 period. This includes allocating sufficient resources and personnel for the center’s operations.
Key infrastructure projects will be completed to serve as the foundation for the International Financial Center, ensuring seamless connectivity. A modern financial ecosystem will be developed, promoting new trading platforms and exchanges, and establishing an initial ecosystem of consulting and support services meeting international standards to serve the center’s activities.
The decree specifies the location, administrative boundaries, and area of the International Financial Center. In Ho Chi Minh City, the center covers approximately 898 hectares, located within the administrative boundaries of Saigon Ward, Ben Thanh Ward, and the Thu Thiem New Urban Area in An Khanh Ward.
The boundaries are defined by Vo Van Kiet Street, Pho Duc Chinh Street, Nguyen Cong Tru Street, Nam Ky Khoi Nghia Street, Le Duan Street, Ton Duc Thang Street, Nguyen Huu Canh Street, the Nhieu Loc Thi Nghe Canal, the Saigon River, the Lan Anh Villa Area boundary, Tran Bach Dang Street, Tran Nao Street, the northern and northeastern boundaries of the Thu Thiem New Urban Area, Street No. 7, the Ca Tre Creek, the Saigon River, and Vo Van Kiet Street.
In Da Nang City, the center covers approximately 300 hectares. It is located in An Hai Ward, with a total area of 6.17 hectares comprising plots A12, A13, A14, A15, and A*; a 20-story IT building in Software Park No. 2 in Hai Chau Ward with an area of 0.12 hectares; land northwest of the Thuan Phuoc Bridge approach in Hai Chau Ward with an area of 9.7 hectares; land along Nhu Nguyet and Xuan Dieu Streets in Hai Chau Ward with an area of 1.98 hectares; and approximately 282 hectares in the planned sea reclamation area opposite Nguyen Tat Thanh Street.
The International Financial Center includes functional zones such as the financial trading area, banking services area, stock and commodity exchange area, office area, arbitration and court center, and other functional zones as defined by the Management Boards of the International Financial Centers in Ho Chi Minh City and Da Nang City. These zones ensure the smooth operation of members, agencies, organizations within the center, and related investors, agencies, organizations, and individuals in the area.
The allocation of land for the International Financial Center must align with regional and city planning approved by competent authorities. If the allocation does not conform to existing plans, the People’s Committees of Ho Chi Minh City and Da Nang City are responsible for updating and synchronizing the regional and city planning during the next adjustment or planning phase to ensure timely land allocation for the center’s establishment and operation.
How Do International Financial Centers Benefit the Real Estate Sector?
The establishment of International Financial Centers not only leverages the financial sector but also significantly impacts the real estate market.
Vietnam Officially Launches International Financial Center This Morning
On the morning of December 21st, Prime Minister Pham Minh Chinh chaired a conference at the Government Office to announce the establishment of the International Financial Center in Vietnam.
Unusual Trends in the Second-Hand Motorcycle Market as the Year Ends
As the Lunar New Year approaches, motorcycle dealerships across Ho Chi-Minh City are eagerly anticipating an influx of customers seeking pre-owned bikes to navigate the bustling holiday season. With the festive spirit in the air, these shops are primed to cater to the surge in demand for affordable and reliable two-wheelers.
“Vietnam’s International Financial Center: An Urgent Imperative for Practical Development”
Vietnam requires an International Financial Center, not to “catch up” with the world, but to meet its own new growth demands. Prime Minister Pham Minh Chinh emphasizes this as a strategic choice, rooted in the nation’s development realities and the global capital restructuring context.
Unveiling the Members of Ho Chi Minh City’s International Financial Center
Nasdaq, Binance, Vietcombank, MB Bank, Viettel, and TikTok are among the first names announced as inaugural members of Ho Chi Minh City’s International Financial Center, marking the official launch of its governing body.
