Banking & Finance

Vietnam’s International Financial Centre is launched in HCM City and central Da Nang city.

Ho Chi Minh City has launched the Vietnam International Financial Centre, naming Nam A Bank as a strategic investor to advance green finance and global integration.

Vantage Point Asset Management (VPAM), a leading asset management company based in Singapore, has pledged to mobilize $10 billion from global institutional investors and strategic partners within five years into Vietnam’s International Finance Centre.

The center has mobilized committed capital of nearly $10 billion.

Work is needed for the high level of savings found in Vietnam to be effectively translated into investment capital and, hence, higher economic growth.

Most of the bonds were issued with five-, 10- and 15-year maturities, carrying annual interest rates of 3.3%, 4.04% and 4.12%, respectively.