(VOVWORLD) - Prime Minister Pham Minh Chinh announced that Vietnam’s International Financial Center (IFC) is set to become operational by the end of this year.
 PM Pham Minh Chinh speaks at a consultation conference on the establishment of the IFC, Hanoi, November 1, 2025. |
He was speaking at a consultation conference in Hanoi on Saturday on the establishment of the facility.
The Prime Minister emphasized that the IFC aims to attract investment, enhance global connectivity, and boost socio-economic development.
“We are open to all feedback from businesses and investors to refine institutions. We hope for continued international support in a spirit of shared vision, shared work, shared benefits, and shared success. The Government is committed to ensuring the legitimate interests of the people, enterprises, and investors,” he said.
Vietnam’s IFC will follow the model of “one center, two destinations.” Ho Chi Minh City will serve as the main financial hub, focusing on securities, bonds, banking, fund management, and listing services, while Da Nang City will specialize in financial services related to logistics, maritime trade, free commerce, and agro-industrial supply chains.