Vietnam’s international financial center should be a selective breakthrough model, say lawmakers
(VOVWORLD) - Vietnam’s international financial center (IFC) must be innovative, selective, and different from traditional models, learning from the best global practices, the National Assembly Standing Committee said on Thursday while discussing a draft resolution on this matter.
 The NA Standing Committee discusses the establishment of an international financial center in Vietnam, April 17, 2025. (Photo: quochoi.vn) |
The draft resolution outlines 12 policies that create a legal framework for attracting investment and promoting business activities within the IFC.
The Committee defined policies deemed superior and uniquely suited to Vietnam to enhance its competitive edge against 100 other international financial centers, detailed the structure and interrelations of two financial centers of different scales in Ho Chi Minh City and Da Nang and the role of state management agencies, and examined preferential tax policies to attract investors, organizations, and individuals to the IFC’s activities.