The State Bank of Vietnam reported that Deputy Governor Pham Tien Dung joined a government delegation led by Standing Deputy Prime Minister Nguyen Hoa Binh on a 16–25 March 2025 visit to the UK, Luxembourg and Germany to learn from international financial centre models as Vietnam plans to develop two international financial centres in Ho Chi Minh City and Da Nang. In the banking domain, the central bank indicated it is studying potential legal changes and tailored policy arrangements intended to support an operating environment that can attract reputable international financial institutions and investors. The delegation’s programme included initial activities in London on 17–18 March and bilateral meetings led by the SBV delegation with banking-sector counterparts, alongside discussions to deepen understanding of policy approaches for banking within international financial centres. Engagements covered perspectives from regulators including the Bank of England, operating practices of foreign financial institutions including HSBC, and meetings with the Chief Executive Officer of Standard Chartered and the Vietnamese Intellectual Society in the UK and Ireland; international experts advised Vietnam to develop the centres via a phased roadmap with strategic, cautious steps and to consider lessons from comparable emerging-market models such as China and India.

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