Vietnam Financial Centres Plan Gains Swiss Expertise for Future Growth

Vietnam is partnering with Switzerland to develop international financial centres, National Assembly Chairman Tran Thanh Man said during a seminar in Switzerland. He explained that while Switzerland has a mature financial centre model, it is new for Vietnam, which recently passed a resolution to create hubs in Ho Chi Minh City and Da Nang.

This initiative aims to attract capital and drive growth, with Vietnam’s GDP growing 7.09% in 2024 and surpassing USD470bn. Swiss experts endorsed the strategy, calling it a crucial step for global financial integration. Two MoUs were signed with Swiss firms to support development and investment in the proposed centres, with a focus on leveraging Vietnam’s young workforce and tech infrastructure needs.