Vietnam’s International Financial Centers play a key role in mobilizing the finance required for the country to transition to a new economic development model.
As Vietnam looks to modernize its growth model, policymakers are betting that International Financial Centers in Ho Chi Minh City and Da Nang can help channel the capital needed to power the country’s next stage of economic development.
Deputy PM Tran Hong Ha emphasized the need to revise investment procedures governed by the Investment Law, including auction processes, bidding, and investor selection and recommended these be included in future legislative amendments.