Vietnam Prepares to Launch First International Financial Centre

Vietnam is preparing to open its first international financial centre in Ho Chi Minh City on December 12, with authorities saying the city has the infrastructure, talent pipeline and investor interest required to begin operations.

The Vietnam international financial centre will initially house its executive and supervisory bodies at the city’s Startup & Innovation Hub before relocating to a renovated office on Nguyen Hue Street and later to a permanent base in the Thu Thiem urban area.

Officials said 16 data centres are available to support operations and more than 50 investors and organisations have expressed interest, with 10 identified as potential founding partners.

Eight decrees needed to implement a new IFC law are nearing completion.