The State Bank of Vietnam published an update on a Government decree establishing an International Financial Centre in Vietnam and setting out detailed implementation guidance for the National Assembly framework. The decree defines the centre as a single legal entity operating across two locations, Ho Chi Minh City and Da Nang, and sets out its development orientation, governance architecture and priority areas. The decree applies to centre members, investors and other relevant organisations and individuals involved in investment, business activities and dispute resolution within the centre, as well as the centre’s operating, supervisory and dispute resolution bodies. Ho Chi Minh City is positioned to provide a broad financial ecosystem spanning capital raising, investment, payments, issuance and trading of financial products, asset management, fintech and green finance, while Da Nang is positioned as a hub linked to innovation, digital technology and sustainable finance, including a controlled environment for new financial models such as digital assets, digital payments and specialised trading platforms. The centre is to include functional zones such as financial trading areas, banking services, securities and commodities exchanges, offices, an arbitration centre and courts, and the decree lists priority sectors including centre infrastructure, green and ESG finance, commodities and commodity derivatives with international trade finance, fintech and innovation, investment funds and asset management, and professional support services. For 2025–2026, the People’s Committees of Ho Chi Minh City and Da Nang are tasked with forming and putting the centre into operation, allocating resources for the centre’s bodies and completing key infrastructure to ensure connectivity, while promoting new exchanges and fintech services and developing internationally standardised advisory and support services. From 2026, bodies within the centre are to lead the development of special mechanisms and policies with relevant ministries, alongside detailed management and supervisory arrangements and risk management, and the two cities are to define the centre’s location, administrative boundaries and land allocation.
State Bank of Vietnam 2025-12-19
State Bank of Vietnam outlines Government decree establishing a two-site International Financial Centre in Ho Chi Minh City and Da Nang
The State Bank of Vietnam announced a Government decree to establish an International Financial Centre in Ho Chi Minh City and Da Nang. The decree outlines the centre's governance, development orientation, and priority areas, including fintech, green finance, and digital assets. For 2025–2026, local authorities are tasked with operationalizing the centre, developing infrastructure, and promoting fintech services, with further policy development and risk management to follow from 2026.