Vietnam: International Financial Center Opens

In brief

Following the promulgation of Resolutions No. 222/2025/QH15 on the establishment of the International Financial Center in Vietnam (“Resolutions No. 222”), Vietnam has finally inaugurated the International Financial Center in Vietnam (VIFC). In late December 2025, the National Assembly, the government and the Prime Minister passed several legal instruments to lay the foundation for the VIFC, marking a significant milestone in the country’s integration and development process after 40 years of Doi Moi.

The VIFC is based across two financial hubs – Ho Chi Minh City and Da Nang City – designed to attract global capital, foster a competitive financial ecosystem, and position Vietnam as a strategic gateway for international investment. The VIFC presents significant opportunities for international financial institutions, fintech innovators and digital asset developers seeking a modern, transparent regulatory environment.

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