According to the Ministry of Finance, foreign borrowing will be managed with a reasonable scale and structure, prioritizing key projects with significant "spillover effects."
This downward shift not only highlights the current challenges facing the Vietnamese economy but also presents new opportunities for strategic adjustments and sustainable development.
Launched late last year, the task now for Vietnam’s International Finance Center in Ho Chi Minh City is to ensure it is set up to deliver on its objectives.
A fintech and regtech cooperation programme between the two countries is gaining traction as both work to support the development of a robust legal and institutional foundation for Vietnam's International Financial Centre.