Prime Minister Pham Minh Chinh attended the launching ceremony of Vietnam's International Financial Centre in Ho Chi Minh City (VIFC–HCMC) on February 11, marking a significant step in the country’s financial sector development.
Speaking at the event, the Prime Minister said the centre is expected to attract and channel capital into priority areas such as strategic infrastructure, core industries, logistics, green growth, and digital transformation. It will also equip Vietnamese enterprises with modern financial tools to enhance their participation in global value chains.
The center is envisioned to help transform Vietnam’s role from a passive capital recipient into a more active contributor to regional and global financial markets, he added.
According to the master plan, VIFC–HCMC covers 898 hectares across Saigon and Ben Thanh wards and the Thu Thiem New Urban Area.
At the ceremony, authorities introduced key institutions of VIFC–HCMC, including its executive authority, a specialised court, and an international arbitration centre. The centre’s official website was also launched, and certificates were presented to founding and strategic members.
Although only recently operational, VIFC–HCMC has already reported several tangible and practical initial results, reflecting strong implementation capacity and readiness for the international financial center model.
Among the highlights is the establishment of an Aviation Financial Centre with total committed capital of up to $6.1 billion, demonstrating early confidence from international investors and financial institutions in the centre’s development orientation and operating mechanisms. A Maritime Financial Centre is also being gradually rolled out to support trade finance, logistics, and supply chain activities linked to global commerce.
In infrastructure and urban development, VIFC–HCMC has mobilised $2 billion for smart urban data infrastructure programs and financial solutions supporting Ho Chi Minh City’s development, reinforcing its role as a bridge between capital markets and the real economy.
Notably, the city has also established a US$1 billion on-chain economy investment fund, focusing on blockchain, asset tokenization, and next-generation digital financial models, creating space for experimentation and growth in advanced financial technology.
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