Dreams of establishing an International Financial Center in HCMC will largely depend on Vietnam’s ability to create an appropriate institutional framework.
Under the proposal, the center will include various types of members, such as banks, securities firms, insurance companies, investment funds, asset management firms, Fintech companies, and market infrastructure organizations.
The loan is provided by a consortium of four state-owned commercial banks of Vietcombank, VietinBank, BIDV, and Agribank, with Vietcombank serving as the lead bank.