Want to be in the loop?
subscribe to
our notification
Business News
VIETNAM APPROVES ROADMAP FOR INT’L FINANCIAL CENTERS THROUGH 2035
Vietnam has approved a development plan through 2035 for its international financial centers, with the one in Ho Chi Minh City positioned as a comprehensive global financial hub.
Ho Chi Minh City has reserved land for the Vietnam International Financial Center. Photo: Van Trung
Deputy Prime Minister Nguyen Van Thang, chairman of the governing board of the Vietnam International Financial Center, has signed the decision approving the development plan.
As per the plan, the Vietnam International Financial Center in Ho Chi Minh City will focus on three strategic pillars, including capital market development, asset management, and commodity markets.
The Vietnam International Financial Center in Ho Chi Minh City will provide traditional and advanced financial services, while leveraging synergies among capital raising, investment, payments, and the issuance and trading of financial products.
It will focus on asset management, fund management, green finance, and digital finance.
Besides, it will develop commodity trading and derivatives linked to international trade and logistics.
Meanwhile, the Vietnam International Financial Center in the central city of Da Nang will focus on innovation and financial technology.
The governing board will establish a competitive legal framework recognized internationally, including mechanisms for dispute resolution and enforcement of rulings.
The plan prioritizes attracting leading financial institutions, intermediaries, and major investment funds from the region and the world.
Infrastructure development will cover finance, digital systems, data, transportation, and urban facilities to ensure seamless domestic and international connectivity.
For the 2026-30 period, the government aims to complete a comprehensive legal framework, governance model and supervisory mechanism aligned with international standards, while launching pilot operations for priority financial products and services.
Core financial, digital, legal and social infrastructure supporting the international financial centers will also be completed during this phase.
Vietnam plans to attract major international financial institutions, investment funds, global banks, professional market participants, and highly skilled financial professionals to pave the way for sustainable growth and deeper global integration.
During the 2031-35 period, the government intends to expand and complete a modern financial ecosystem covering capital markets, green finance, digital finance and fintech, while improving market depth, diversity, and connectivity.
By 2035, Vietnam aims for its international financial centers to become key gateways for capital flows with a prominent position in the Asia-Pacific and global financial networks.
The plan targets ranking among the world's top 75 financial hubs, the top 25 in the Asia-Pacific region and the top three within ASEAN under the Global Financial Centres Index or equivalent benchmarks.
Source: Tuổi Trẻ News
Related News
MEMBER CORNER / PROMOTIONS
COSMOPARK – ENERGY ADVANTAGES FOR POWER-INTENSIVE INDUSTRIES
As global corporations place increasing emphasis on energy security, renewable energy adoption, and carbon emissions reduction, electricity is no longer viewed merely as a component of technical infrastructure. For high-tech projects, data centers, and large-scale manufacturing facilities, reliable energy infrastructure has become a critical factor in investment location decisions.
VIETNAM ECONOMY INVESTMENT
FIRMS EXPECT STRONGER Q4 ACTIVITY DESPITE COST, FINANCING PRESSURES
More than VNĐ5 quadrillion is registered to be poured into the economy in the first nine months of this year, up 6.1 per cent. Enterprises are expecting stronger business and production in the last quarter of this year, with new orders, output and labour demand set to improve, although high input costs and cash-flow constraints remain major concerns, according to a survey by the National Statistics Office (NSO) released late last week.
VIETNAM ECONOMY INVESTMENT
LOW-ALTITUDE ECONOMY COULD GROW TO $500 MILLION BY 2035
Việt Nam's low-altitude economy is at an early stage of development and is forecast to grow by around 13 per cent annually by 2035. Việt Nam is seeking to develop a broader low-altitude economy ecosystem, moving beyond drone manufacturing to applications, data services and supporting infrastructure, as unmanned aerial vehicles (UAVs) create new opportunities in agriculture, logistics, energy, transport and other sectors.
MEMBER CORNER / PROMOTIONS
COSMOPARK ECO INDUSTRIAL ZONE – A STRATEGIC DESTINATION FOR HIGH-TECH AND SUSTAINABLE INVESTMENT IN SOUTHERN VIETNAM
As international manufacturers continue to diversify their supply chains and expand their presence in Asia, Vietnam is becoming increasingly relevant to companies seeking a long-term manufacturing and investment base. Beyond land availability and operating costs, investors are placing greater emphasis on tax efficiency, investment tenure, regional connectivity, infrastructure readiness, energy security, digital capability, sustainability and future expansion potential.
MEMBER CORNER / PROMOTIONS
THE REVERIE SAIGON AND ZS HOSPITALITY UNVEIL LYS: A SOFT FRENCH IDENTITY BLOOMS IN HO CHI MINH CITY
On 15th October, an expressive new story unfolds at The Reverie Saigon as Hong Kong-based ZS Hospitality marks its international debut with Lys. Rooted in a gentle, contemporary French culinary identity, Lys combines quiet refinement, luminous local freshness and poetic personal connection bridging Italy and Vietnam. The opening is a pivotal moment, contributing to the collective ambition of establishing Ho Chi Minh City as one of Asia’s premier gastronomic destinations.
VIETNAM ECONOMY INVESTMENT
VIETNAM’S REGISTERED FDI SURPASSES $50 BILLION IN NINE MONTHS
According to the National Statistics Office under the Ministry of Finance, total registered foreign direct investment (FDI) reached $50.36 billion as of September 30, up 76.4 per cent on-year. Of the total, newly registered capital came from 3,108 newly licensed projects with combined registered capital of $29.24 billion, up 6.2 per cent in project numbers and 2.4 times the registered capital compared with the same period last year.
Events Sponsors
