The State Bank of Vietnam reported on the launching ceremony of the Vietnam International Financial Center in Ho Chi Minh City (VIFC-HCMC), marking the center’s official start of operations. The event was attended by Prime Minister Pham Minh Chinh, Permanent Deputy Prime Minister Nguyen Hoa Binh and State Bank Governor Nguyen Thi Hong, alongside representatives from ministries, financial institutions, investment funds and international organizations. Seven founding members and six strategic members were announced. Founding members were Sovico Group, Military Commercial Joint Stock Bank (MB), Tien Phong Commercial Joint Stock Bank (TPBank), Saigon - Hanoi Commercial Joint Stock Bank (SHB), representatives of Son Kim Capital Joint Stock Company, VinaCapital and Nasdaq, while strategic members were Nam A Commercial Joint Stock Bank (Nam A Bank), Ho Chi Minh City State Financial Investment Company, Ho Chi Minh City University of Economics, On-chain Economic Alliance, Gemadept Group and TikTok. In remarks at the event, the Prime Minister linked the establishment of an international financial center to shifts in global capital flows and referenced the planned development of centers in both Ho Chi Minh City and Da Nang.