The decree comprises seven chapters and 23 articles detailing and guiding the implementation of Articles 8 and 9 of National Assembly Resolution No. 222/2025/QH15 (dated June 27, 2025) on the establishment of the International Financial Centre in Viet Nam.
The subjects of application include members of the International Financial Centre; investors; organisations, and individuals involved in investment, business activities, and dispute resolution within the International Financial Centre; the executive authority, supervisory bodies, and dispute resolution bodies of the International Financial Centre; as well as other relevant agencies, organisations, and individuals.
The decree clearly stipulates that the International Financial Centre is a unified legal entity operating at two locations: Ho Chi Minh City and Da Nang City. The operating regulations of the International Financial Centre shall be approved by the Executive Council for International Financial Centre with a general effect and be applied uniformly at both locations.
All standards, regulations, procedures, rules, professional forms, and licensing criteria within the International Financial Centre shall be issued in a unified manner and applied concurrently at both locations. The decree also clearly defines the specific tasks and functions of the two abovementioned centres.
Within five years from the date this decree takes effect, the Executive Council for International Financial Centre shall preside over a preliminary review, conduct an evaluation, and report to the government on the operational results of the International Financial Centre. Where necessary, it shall submit a restructuring plan towards streamlining and unification, once conditions of safety and efficiency are met, while ensuring that operations at both locations are not disrupted.
The People’s Committee of Ho Chi Minh City and the People’s Committee of Da Nang City shall be responsible for supplementing and synchronously updating relevant contents in regional and city master plans during the next planning adjustment or formulation cycle, so as to ensure the timely allocation of land funds for the establishment and operation of the International Financial Centre within their respective localities.
