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Vietnam Advances Plans for an International Financial Center

On August 2, our General Secretary, Mr. Alexandre Sompheng, and our Vice President, Mr. Rémi Nguyen, had the honor of attending a conference on the implementation of the National Assembly’s resolution to establish an International Financial Center in Vietnam.

The conference was attended by the Vietnamese Prime Minister, Mr. Pham Minh Chinh, along with numerous members of the Steering Committee for Regional and International Financial Centers in Vietnam, highlighting the strong political commitment behind this strategic project.

The future center will operate as a special administrative and financial zone, benefiting from dedicated incentive policies and structured around two complementary hubs:

Ho Chi Minh City will serve as the main hub, offering a full range of core financial services, including banking, insurance, and securities, as well as emerging sectors such as fintech, green finance, trade finance, and commodities trading.

Da Nang, meanwhile, will be positioned as a center for innovative finance, focusing on fintech, digital assets, green finance, small and medium-sized investment funds, and asset management firms.

The project will draw inspiration from existing international models, notably the Abu Dhabi Global Market (ADGM) in the United Arab Emirates and the Astana International Financial Centre (AIFC) in Kazakhstan.

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