Official inauguration of the 55-storey tower, the beginning of the Ho Chi Minh City International Financial Center

The International Financial Center is gradually taking shape in Ho Chi Minh City.

On the morning of August 19, Saigon Marina IFC Tower (Saigon Marina International Financial Center ) was officially inaugurated in Ho Chi Minh City, marking an important milestone in the roadmap to build an International Financial Center in Ho Chi Minh City.

The event was attended by many senior leaders, representatives of international organizations and leading businesses.

Saigon Marina IFC has a prime location and modern infrastructure, at 2 Ton Duc Thang. This 55-storey tower applies the TOD (Transit-Oriented Development) development model, directly connecting to Ba Son station of Metro Line 1.

The tower meets LEED Gold standards, with more than 30% of the area dedicated to green space, using energy-saving solutions. The highlight is the LED system on the entire facade that can display artistic lighting.

With a total floor area of over 106,000 m2, the tower offers Grade A+ office space, a commercial center, meeting rooms and high-end amenities, becoming a destination for multinational corporations and large financial institutions.

Speaking at the ceremony, Deputy Prime Minister Ho Duc Phoc emphasized: "Saigon Marina IFC is the first step in the roadmap to build the Ho Chi Minh City International Financial Center, contributing to the country's strong development and deep integration with international friends."

The launch of this tower not only provides international standard facilities but also symbolizes the will and belief in a prosperous Vietnam, affirming the economic role of Ho Chi Minh City.

Dr. Nguyen Thi Phuong Thao, Vice President of HDBank, said that the tower was built in the Ton Duc Thang area, which used to be the historic Ba Son shipyard. This shows the intersection between the past and the present. From the indomitable will of the Ba Son workers of the past, to the hands and minds of modern engineers and experts, all are continuing a common belief in Vietnam's prosperity in the international arena.

Dr. Do Thien Anh Tuan, Fulbright School of Public Policy and Management, assessed that the International Finance Center (IFC) will help Ho Chi Minh City to raise its position very clearly. The city is currently a large industrial and service urban area of the country. But if IFC does well, Ho Chi Minh City can rise to become a financial urban area of regional and even international stature.

With IFC, more investment capital will come in, both direct and indirect. Not only will it be cash flow, it will also attract high value-added industries. Finance, technology, data, and professional services will gradually become the main foundation of growth. This is what the city needs, especially when it wants to shift from an industrial expansion model to an innovative urban model.

Deputy Prime Minister Ho Duc Phoc (right) said that Saigon Marina IFC is the first step in the roadmap to build the Ho Chi Minh City International Financial Center, contributing to the country's strong development and deep integration with international friends - Photo: BTC

IFC will also change the face of the labor market. Activities in financial centers are not limited to banking, insurance or securities, but also require specialized services such as law, auditing, valuation, data analysis, security, logistics, etc. These areas require highly qualified human resources. As demand increases, higher education, vocational training and international cooperation in training will certainly have to move along.

In the long term, IFC will help Ho Chi Minh City enter the big playground. Leading financial centers such as Singapore, Dubai or Hong Kong all play a role in connecting international capital flows. If positioned correctly, IFC Ho Chi Minh City can become a capital transit station for the entire region. Thus, not only serving domestic needs, Ho Chi Minh City can contribute to coordinating capital flows of ASEAN, East Asia and beyond.

Source: https://ttbc-hcm.gov.vn/chinh-thuc-khanh-thanh-toa-thap-55-tang-khoi-dau-trung-tam-tai-chinh-quoc-te-tp-hcm-1019384.html