Ho Chi Minh City is emerging in the context of the restructuring of the global supply chain, possibly becoming a link in the new value chain, promising to be a new "stronghold" for many international corporations.
At the Autumn Economic Forum 2025 taking place in Ho Chi Minh City, many international investors expressed their desire to participate and expand cooperation with Ho Chi Minh City right after the Vietnam International Financial Center is established here. These signals are encouraging the city in particular and Vietnam in general to accelerate the completion of infrastructure and policies to put the Financial Center into operation soon.
Unlike existing International Financial Centers (IFCs) in the region such as Hong Kong (China) or Singapore which were formed from traditional commercial areas, Ho Chi Minh City is emerging in the context of the restructuring of the global supply chain. Vietnam therefore has the opportunity to become an important link in the new value chain.
In particular, Vietnam has great advantages in technology and human resources. Among Asian countries (except China), Vietnam is considered to have outstanding AI and computer science human resources, creating an important foundation for developing IFC according to the model of combining finance - technology - innovation.
These are the comments of Mr. Yang Peng, CEO of Ant International, at a working session with leaders of the Ho Chi Minh City People's Committee within the framework of the Autumn Economic Forum 2025.
After 8 years of observing the Vietnamese financial market, Mr. Yang Peng commented that Vietnam has made many remarkable advances, especially in the payment sector, demonstrated through the development of platforms such as NAPAS and the electronic payment ecosystem.
According to this CEO, this is an essential foundation for IFC Vietnam to develop, because digital finance, digital payments and technology-based financial services will play a central role in the modern financial ecosystem.
In addition, Ho Chi Minh City is attractive to international tourists. Strong tourism development will help the city create a vibrant international environment, which is something that leading financial centers all possess.
With the advantages of Ho Chi Minh City, Ant International plans to turn the city into a strategic market in its global expansion plan. “We want to turn Vietnam into an important base and accompany Ho Chi Minh City in operating and developing the Vietnam International Finance Center in the city,” Mr. Yang Peng shared with leaders of the Ho Chi Minh City People’s Committee.
Not only Ant International, many international enterprises also expressed their desire to cooperate and invest in IFC Vietnam in Ho Chi Minh City.
In his speech at the Autumn Economic Forum 2025, Mr. Nguyen Lam Thanh, General Director of TikTok Vietnam, said that through the process of researching the IFC Vietnam model in Ho Chi Minh City, the company found that there are 3 strategic areas that are completely suitable for establishing a business in Vietnam, including: digital e-commerce, digital payments and digital logistics.
Therefore, TikTok plans to apply for permission to establish three companies at IFC Vietnam in Ho Chi Minh City to carry out the above activities, in line with the city's orientation for developing the digital economy and digital services.
Tiktok hopes that the Government and Ho Chi Minh City leaders will create favorable conditions for licensing procedures to be reviewed quickly to put these companies into operation in 2026.
Noah Perlman, Chief Compliance Officer (CCO) of Binance - the world's largest digital asset exchange, has just signed an MOU with the Ho Chi Minh City Department of Finance to promote IFC Vietnam. He also said: Ho Chi Minh City is rapidly becoming an important destination for digital finance and innovation. The city's vision of becoming a global "mega-city" is fully aligned with Binance's mission: to promote responsible innovation and build safe, transparent digital economies.
“We see many opportunities for cooperation with Ho Chi Minh City, including capacity building support, piloting blockchain solutions to increase transparency and efficiency of public services, and promoting innovation through startups and small businesses. In the context of Vietnam building a national legal framework for digital assets, Binance is willing to share international experiences to protect users and promote sustainable growth,” said a Binance representative.
A series of great incentives for investors
From the perspective of international investors, it can be seen that great expectations for IFC Vietnam are forming. These positive signals have created momentum for the Ho Chi Minh City government in particular and Vietnam in general to accelerate infrastructure and policy preparations for the financial center.
Speaking to VNA reporters, Associate Professor, Dr. Nguyen Huu Huan, member of the Advisory Group to establish IFC Vietnam in Ho Chi Minh City, said: In Resolution 222/2025/QH15 on the International Financial Center in Vietnam and the guiding decrees about to be issued, many important policies to attract investors, especially strategic investors, are being proposed with large incentives.
Specifically, international investors and experts working at IFC Vietnam can enjoy corporate income tax and personal income tax exemptions, along with a visa policy of up to 10 years.
Notably, children of foreign experts can also receive tuition support, while leading experts themselves will be considered for housing arrangements during their time working at IFC. These incentives are considered pillars in the strategy to attract strategic investors to Vietnam.
In addition, the legal corridor for IFC Vietnam is also designed in the direction of a “special legal space,” operating based on international standards and practices of “Common Law,” similar to the model of the UK and several other leading financial centers.
This approach is expected to significantly remove existing barriers between Vietnam and the global market; at the same time, create a more transparent and familiar environment for international financial institutions.
Experts say that applying a legal framework according to international standards is expected to help increase the attractiveness of foreign capital flows, especially from strategic investors.
Mr. Nguyen Van Duoc, Chairman of the Ho Chi Minh City People's Committee, said that the City is urgently completing the best conditions to operate the International Financial Center according to Resolution 222/2025/QH15, with the highest goal of putting the center into operation in December 2025. The City is committed to building a favorable, transparent and attractive environment for investors.
At working sessions with businesses and conferences related to IFC Vietnam, Ho Chi Minh City leaders affirmed their consistent commitment: being ready to accompany businesses in the process of expanding operations and jointly building IFC in the city. This is also the consistent viewpoint of the Vietnamese Government and Prime Minister Pham Minh Chinh in attracting investment and developing IFC Vietnam, on the principle of "harmonizing benefits and sharing risks."
Speaking at the “CEO 500 - TEA CONNECT” held on the afternoon of November 25, Prime Minister Pham Minh Chinh said that Vietnam is still a developing country, the economy is in the process of transformation with a modest scale, so the need for capital is very large. Therefore, developing the capital market and building an International Financial Center are considered key tasks.
“I am very pleased that when I recently met with a number of financial partners, they all pledged to cooperate and help Vietnam. During recent overseas trips, a number of major countries and global financial institutions affirmed their readiness to accompany Vietnam in the process of forming a financial center,” said Prime Minister Pham Minh Chinh.
The head of the Government also said that Vietnam is currently completing the necessary conditions to put the center into operation. All preparations for the establishment of IFC Vietnam are progressing smoothly.
The National Assembly has issued Resolution 222/2025/QH15, while the Government has basically completed 8 Decrees guiding the implementation of Resolution 222/2025/QH15. Currently, the Government and relevant ministries and branches are conducting a final review before promulgation./.
Source: https://baolangson.vn/nhieu-dai-bang-muon-do-bo-vao-trung-tam-tai-chinh-quoc-te-viet-nam-5066196.html
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