Vietnam International Financial Centre Draws Banks Seeking Cross-Border Growth

Vietnam international financial centre plans are prompting domestic lenders to expand into the country’s new hub as they seek to attract foreign capital and build cross-border financial services.

Nam A Bank has won shareholder approval to establish a wholly owned subsidiary under the centre’s framework, while Vietcombank and VietinBank are also moving to set up entities there.

The centre, launched in Ho Chi Minh City on Feb. 11, is expected to focus on sustainable finance, green debt and equity instruments, digital assets and cross-border banking services.

Analysts said the Vietnam international financial centre could strengthen banks’ competitiveness and integrate the country more deeply into regional and global financial networks.