Ho Chi Minh Metropolis (HCMC) is getting ready to place its worldwide monetary heart (IFC) into operation, with organizational and staffing preparations largely finalized, Saigon Giai Phong, a Vietnamese Communist Social gathering newspaper, reported on November 22, 2025, citing HCMC Folks’s Committee Chairman Nguyen Van Duoc.
The IFC will likely be situated in Saigon Ward, Ben Thanh Ward, and the Thu Thiem City Space in An Khanh Ward, protecting a complete space of almost 900 hectares. Will probably be geared up with high-speed Web community protecting your complete IFC venue, whereas the municipal Division of Science and Know-how at the moment constructing a web based data portal for the hub.
Affiliate Professor Dr. Nguyen Huu Huan, a member of the IFC consulting crew, stated that the town is working with main international and Vietnamese know-how firms to arrange infrastructure for the IFC. It’s partnered with the US Nasdaq Inventory Trade on governance, capability constructing, cross-listing, and product improvement.
Nasdaq is offering know-how and technical companies for the event and operation of the IFC, along with coaching Vietnamese professionals in securities, bonds, derivatives, digital belongings, and carbon credit score markets.
The 2 sides have additionally dedicated to trade greatest practices and experiences within the improvement of authorized frameworks, working mechanisms, threat administration, product improvement, and worldwide funding attraction, and can concentrate on strengthening companies connections between Vietnamese, US, and international monetary communities.
HCMC can be working with the New York Institute of Finance to implement sensible monetary and funding coaching applications following worldwide requirements.
HCMC’s IFC is anticipated to accomplished inside 5 years, with preliminary whole funding for the mission estimated at round VND 172,000 billion (US$7 billion).
Rushing up IFC initiatives
Information of HCMC’s progress follows an official telegram issued earlier in November by Vietnam’s Prime Minister Pham Minh Chinh, which urged related authorities to speed up efforts to launch IFCs. These authorities embody the Ministers of Finance, Public Safety, Business and Commerce, Agriculture and Setting, House Affairs, Justice, the Governor of the State Financial institution of Vietnam, and the Chairmen of the Folks’s Committees of HCMC and Da Nang.
The Prime Minister referred to as for establishing a Authorities Steering Committee to supervise the event of those IFCs, and instructed HCMC and Da Nang to cooperate with related businesses to promptly difficulty preferential insurance policies and create favorable working and residing situations for worldwide buyers, protecting healthcare, insurance coverage, training, tradition, and sports activities. They have been additionally urged to appoint personnel for assessment by the Ministry of Finance.
The federal government desires to launch its two IFCs in HCMC and Da Nang, a coastal metropolis in central Vietnam, by the top of the 12 months.
Da Nang IFC to concentrate on fintech, inexperienced finance
In Da Nang, Chairman of the town Folks’s Committee Pham Duc An stated in October that the town was nonetheless engaged on establishing its IFC, focusing particularly on formulating insurance policies, upgrading infrastructure, constructing information facilities, bettering airport and seaport amenities, establishing free commerce zones, coaching human assets in worldwide finance, and piloting completely different administration fashions.
Da Nang’s IFC is meant to function a “laboratory” for brand spanking new monetary fashions, notably in inexperienced finance, commerce finance, and fintech. It strives to spice up fund administration actions to assist fintech startups, and can promote inexperienced finance merchandise and initiatives to assist Vietnam’s net-zero targets and international sustainability imaginative and prescient.
The middle additionally seeks to develop cross-border commerce finance linked to its seaports, logistics, and worldwide tourism, together with offshore monetary companies for organizations, foreign-invested enterprises, and international buyers.
Lastly, it’s going to concentrate on fostering a good monetary surroundings for small and medium-sized enterprises (SMEs) and revolutionary startups, working with ministries and businesses to develop a conducive regulatory panorama.
Da Nang established the Advisory Council for the Improvement of Vietnam’s IFC in August 2025, consisting of 17 stakeholders, Theinvestor.vn reported.
The council is liable for analysis and coverage recommendation on improvement technique, governance mannequin, incentives for the middle, coaching applications, and insurance policies to draw international consultants and abroad Vietnamese professionals.
Da Nang has partnered with a lot of stakeholders to achieve its targets, together with Vietcombank, Saigon Securities (SSI), VNPay, Frankfurt Important Finance, Tether, Apex Group, ARK World, the World Inexperienced Development Institute, the Swiss Fintech Affiliation, and the Vietnam Younger Entrepreneurs Affiliation in Europe.
These partnerships goals to assist entice buyers to the Da Nang IFC, promote joint outreach in worldwide markets, join the middle with international capital markets, produce steerage supplies, and develop regulatory frameworks for rising applied sciences.
Da Nang is concentrating on double-digit financial growth for the 12 months. So far, the town has attracted 1,282 overseas direct funding (FDI) initiatives with whole registered capital of over US$10.96 billion.
Vietnam’s IFC ambitions
Vietnam’s Nationwide Meeting handed on June 27, 2025, a decision on the event of IFCs in Vietnam. Efficient from September 01, the decision attracts closely on international fashions and descriptions the event of IFCs situated each in HCMC and Da Nang, with a unified regulatory framework however tailor-made merchandise based mostly on every metropolis’s strengths.
These IFCs intention to function hubs that join markets, foster innovation, and enhance governance and transparency whereas attracting funding and deepening international integration. They attempt to create new momentum for socio-economic improvement, allow financial development of at the least 8% in 2025 and a double-digit growth from 2026 onward, and assist Vietnam obtain its long-term aim of turning into a contemporary, high-income nation.
HCMC will concentrate on capital markets, banking, currencies, monetary innovation sandboxes, and superior buying and selling platforms, serving because the nation’s predominant liquidity heart. In the meantime, Da Nang will concentrate on inexperienced finance, fintech, digital companies, managed testing of digital belongings and currencies, and attracting funding and remittance funds, leveraging its strengths in logistics, tourism, coastal industries, and the East-West Financial Hall.
Inside these IFCs, precedence sectors will take pleasure in a preferential company revenue tax fee of 10% for 30 years, with a most company tax exemption of 4 years, in addition to a 50% discount on payable tax within the following 9 years. Different initiatives will profit from a 15% fee for 15 years, two years of tax exemption, and a 50% discount for the following 4 years. Foreigners working within the heart will likely be exempt from private revenue tax till the top of 2030.
By 2035, Vietnam goals of its IFCs to rank among the many high 75 monetary facilities on the earth and among the many high 20 by 2045.
Featured picture: Edited by Fintech Information Singapore, based mostly on photos by Peter Nguyen and Anh Nguyen by way of Unsplash, and rachenzero by way of Freepik
