The establishment of the Viet Nam International Financial Centre in Ho Chi Minh City (VIFC-HCMC), together with the institutional breakthroughs introduced under a National Assembly resolution issued in 2025, is regarded as a turning point towards realising the ambition of a dynamic “Wall Street” for Ho Chi Minh City on the Saigon River.

Da Nang City is proactively preparing foundational conditions and implementing a range of breakthrough solutions to effectively operate the International Financial Centre (IFC) in line with orientations towards digital finance and green finance.

Deputy Prime Minister Nguyen Van Thang has called for swift and effective operations of the Viet Nam International Financial Centre in Ho Chi Minh City and Da Nang, stressing that “progress comes from action” and must go hand in hand with firm, reliable implementation.

The Viet Nam–United Kingdom (UK) International Financial Centre Summit 2026 in Ha Noi has further reinforced commitments to strategic cooperation as well as promoting institutional development, market growth, and the modernisation of financial infrastructure, with the aim of establishing a globally competitive financial centre.

The PM directed further development of the Viet Nam International Financial Centre (IFC) in Da Nang into a modern global hub linked to innovation, digital technology and sustainable finance, serving as a controlled testing ground for new financial models.

The rollout of international financial centres in Ho Chi Minh City and Da Nang is not merely an economic policy decision. It is also a strategic choice of long-term national significance, especially as the global economic and financial order is being clearly reshaped.

Following the inauguration of the International Financial Centre (IFC) in Da Nang city, Viet Nam has officially launched its International Financial Centre in Ho Chi Minh City, marking what leaders describe as a pivotal step in the country’s economic transformation.

Permanent Deputy Prime Minister Nguyen Hoa Binh had a meeting on February 3 with Governor of the National Bank of Kazakhstan (NBK) Timur Suleimenov to discuss ways to enhance financial and monetary cooperation, as part of the Vietnamese Government delegation's working visit to Kazakhstan from February 1 to 3.

As part of his working trip to Kazakhstan, Permanent Deputy Prime Minister Nguyen Hoa Binh met on February 2 with Kazakhstan’s Deputy Prime Minister and Minister of National Economy Serik Zhumangarin to discuss concrete steps to implement the Strategic Partnership framework established during General Secretary of the Communist Party of Viet Nam Central Committee To Lam’s visit to Kazakhstan in May last year.

Permanent Deputy Prime Minister Nguyen Hoa Binh paid a working visit to Switzerland from January 28 to 30.

Standing Deputy Prime Minister Nguyen Hoa Binh has voiced Viet Nam’s interest in deepening ties with Switzerland to develop its planned international financial centre (IFC), with a focus on institutional frameworks, operational know-how and quality workforce training.

As competition among global financial hubs intensifies, Ho Chi Minh City is moving to carve out a distinct position with a “latecomer but different” strategy, placing institutional reform and innovation at the heart of its competitiveness.

Prime Minister Pham Minh Chinh has underlined the importance of making an institutional breakthrough for the development of the International Financial Centre (IFC) in Viet Nam, and viewed this as the core competitive edge.

A Government delegation led by Permanent Deputy Prime Minister Nguyen Hoa Binh is paying a working visit to Singapore from January 10 to 14 to learn the city state’s experience in developing an international financial centre (IFC).

The Government has clearly defined the development orientation of the International Financial Centre in Da Nang as a modern international financial hub closely linked with the innovation ecosystem, digital technology, and sustainable finance.

Eight decrees recently issued by the Government have created a breakthrough legal framework for the International Financial Centre, removing bottlenecks and aiming to elevate Viet Nam’s standing in global capital flows.

The establishment of the International Financial Centre (IFC) in Viet Nam was announced at a conference in Ha Noi on December 21, with Prime Minister Pham Minh Chinh described the move as a moment for the country to open its door wide to fintech integration and economy greening, helping it reach the developed and high-income status in the near future.

Deputy Prime Minister Ho Duc Phoc had a meeting with Chief Executive of the Hong Kong Special Administrative Region (HKSAR) John Lee Ka-chiu on December 19 as part of his working visit to Hong Kong, China.

Ho Chi Minh City has readied necessary infrastructure, personnel, and investors for the operation of its International Financial Centre (IFC), slated to be inaugurated on December 19, Dr. Truong Minh Huy Vu, Director of the Ho Chi Minh City Institute for Development Studies (HIDS), has said.

The 15th National Assembly on December 5 discussed the draft law on the establishment of a specialised court at the International Financial Centre (IFC) at its ongoing 10th session.