Vietnam's National Assembly is reviewing a draft resolution to establish an international financial centre in Vietnam, with two planned locations in Ho Chi Minh City and Da Nang and an objective to set it up in 2025. The draft envisages a distinct policy and legal framework designed to attract international financial institutions and investors and to develop new financial products aligned with international standards. Presented to the legislature by Standing Deputy Prime Minister Nguyen Hoa Binh, the draft would create a governance model with four bodies, comprising a Prime Minister-led steering committee, an operating body, a supervisory body, and dispute-resolution institutions including an international arbitration centre and a specialised court. It outlines a broad scope of permitted participants and activities, spanning banking and foreign exchange, securities and derivatives, insurance and reinsurance, alternative investment funds, green finance and carbon credits, fintech and digital-asset business, alongside proposed preferential policies for trading venues, tax and financial incentives, insurance, infrastructure and land, and human resources and visas. Targets include ranking within the top 75 global financial centres by the Global Financial Centres Index by 2035 and within the top 20 by 2045. Lawmakers were asked to provide inputs to finalise the draft ahead of a National Assembly decision, and the government indicated it would later review the resolution after a period of operation and seek the early enactment of a dedicated law on the international financial centre.

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