Tag: international financial center

The specialized court is designed to be part of the People's Court system but with more flexible organizational and operational mechanisms. It is granted autonomy in proceedings and applies advanced rules to meet the needs of both domestic and international investors.

They affirm commitment to cooperating in the effort to build Ho Chi Minh City into a leading international financial hub in the region.

The International Financial Center expected to become a "launch pad" to attract global capital flows.

The proposed international financial center will be built on three strategic pillars: green finance, trade finance, and fintech–digital assets.

The eight draft decrees guiding the implementation of the National Assembly’s Resolution No. 222/2025/QH15 on the International Financial Center.

Lord Mayor of the City of London visits Vietnam to promote support for the establishment of an International Financial Center...

The draft also outlines corporate income tax incentives to attract investment and promote development of priority sectors at the Center.

The $7 billion center is expected to serve as a hub for banking, asset management, capital markets, fintech, and derivatives trading.

The center is envisioned as a regional hub for innovation, green finance, and sustainable investment in the Asia-Pacific.

All electronic money transfers valued at $1,000 or more at the center must be reported for anti-money laundering purposes.

To establish a commercial bank in the IFC, a wholly domestically-owned bank must have minimum total assets of VND100 trillion ($3.8 billion); a wholly foreign-owned bank must have at least VND10 billion (over $380,000) in assets, while a foreign bank branch's parent must possess minimum total assets of VND20 billion (nearly $760,500).

MUFG is one of Japan’s three largest banking institutions.

PM Pham Minh Chinh stressed the importance of fostering public-private partnerships, mobilizing resources from businesses and the public, and building an advanced financial center.

The city not only preparing the land but also offering significant tax incentives to attract investors.

Organizational structure of the steering committee formed under a Prime Ministerial Decision signed on September 15.

Vietnam will not see strong financial liberalization before 2030. This is a problem in need of resolution if Ho Chi Minh City is to become an international financial center, as planned. The city also needs to improve its competitiveness. According to an evaluation, its competitiveness remains at the average level, equal to regional cities such as Manila and Jakarta.