Vietnam International Financial Centre

The Vietnam International Financial Centre (VIFC; Vietnamese: Trung tâm tài chính quốc tế tại Việt Nam)[1] is a dual city financial hub located in Ho Chi Minh City and Da Nang, Vietnam, established in 2025.[2][3][4] The centre spans 1,200 hectares (3,000 acres).[5]

History

The project was officially announced on 21 December 2025 by Prime Minister Pham Minh Chinh.[6][7]

Ho Chi Minh City

The Vietnam International Financial Centre in Ho Chi Minh City (VIFC-HCMC) is temporarily headquartered at No.8 Nguyễn Huệ Boulevard, it was initially known as OSIC Building then VTP Office Center, and will be relocated in Thủ Thiêm.[8] It will be led by Truong Minh Huy Vu, head of the Ho Chi Minh City Institute for Development Studies.[2] On 26 November 2025, Binance and the Ho Chi Minh City Department of Finance signed an MOU to support the development of the city's IFC.[9]

The area of VIFC-HCMC spans in wards of Bến Thành (where Ho Chi Minh City Stock Exchange is located), Saigon (also known as Bến Nghé; the city historic financial district and where the HCMC branch for State Bank of Vietnam and National Treasury are located) and Thủ Thiêm Quarter (of An Khánh ward; the new financial district of the city). The inauguration of the 55-storey tower Saigon Marina IFC in Ba Son on August 2025, celebration the 80th of the August Revolution, marked the start of VIFC-HCMC.

Da Nang

The Vietnam International Finance Center Da Nang (VIFC-DN) will be led by Ho Ky Minh, 54, vice chairman of the Da Nang People's Committee.[2]

References

  1. ^ ONLINE, TUOI TRE (2025-12-24). "Trung tâm Tài chính quốc tế TP.HCM: Xây dựng thương hiệu mở lối cho doanh nghiệp nhỏ và vừa". TUOI TRE ONLINE (in Vietnamese). Retrieved 2025-12-24.
  2. ^ a b c "Vietnam launches ambitious dual-city International Financial Center". Nikkei Asia. Retrieved 2025-12-24.
  3. ^ "Vietnam pushes ahead with its International Financial Center dream". Nikkei Asia. Retrieved 2025-12-24.
  4. ^ Tran, Jamille (2025-09-17). "Vietnam's international financial centre vision confronts reality of legal and market gaps". The Business Times. Retrieved 2025-12-24.
  5. ^ Tran, Jamille (2025-12-23). "Vietnam puts 1,200-hectare, two-city International Financial Centre into operation". The Business Times. Retrieved 2025-12-24.
  6. ^ https://e.vnexpress.net/news/business/vietnam-establishes-international-financial-center-4996465.html
  7. ^ thanhnien.vn (2025-12-22). "Những doanh nghiệp nào tham gia Trung tâm tài chính quốc tế tại TP.HCM?". Báo Thanh Niên (in Vietnamese). Retrieved 2025-12-24.
  8. ^ "Vietnam touts US$48 billion in project investments to spur growth". The Business Times. 2025-08-19. Retrieved 2025-12-24.
  9. ^ "HCM City partners with Binance to advance International Financial Centre development". vietnamnews.vn. Retrieved 2025-12-24.

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