Ho Chi Minh City, 29 August 2025
On 1 August 2025, the Steering Committee for International Financial Centers in Vietnam issued Decision No. 114/QĐ-BCĐTTTC, setting in motion an Action Plan to establish IFCs in Ho Chi Minh City and Da Nang by the end of 2025.
This landmark decision follows Resolution 222/2025/QH15, signaling Vietnam’s ambition to become a regional and global financial hub. The Action Plan outlines five ambitious objectives and six groups of missions that will transform Vietnam’s financial landscape.
Highlights from the Action Plan
- Legal Framework: 8 decrees to regulate tax, securities, banking, immigration, labor, land, and arbitration — plus the establishment of specialized IFC Courts.
- Infrastructure: New data centers, metro lines, blockchain pilots, and smart urban development in HCMC and Da Nang.
- Financial Markets: A sandbox for fintech, the launch of new derivatives and commodities exchanges, and expansion of green and digital finance.
- Talent & Ecosystem: Incentives to attract global experts and overseas Vietnamese professionals, alongside innovation hubs in HCMC and Da Nang.
- Global Integration: Study missions, cross-border partnerships, and knowledge-sharing with leading IFCs worldwide.
Why This Matters
Decision 114 sends a strong signal to investors, financial institutions, and technology players:
- Vietnam is opening the door to new products, markets, and investment incentives.
- IFCs in HCMC and Da Nang will reshape trade, capital, and talent flows.
- Businesses that prepare now will be better positioned to seize early-mover advantages.
The full Industry Spotlight, authored by Ms. Le Mai Phuong – Managing Associate, Hanoi Office, and Mr. Ngo Dang Loc – Associate, Deputy Head of Banking & Finance, Capital Markets, offers a detailed breakdown of Decision 114 and its implications for businesses and investors.
Read the full publication here!
