International Financial Center: A channel to attract high-quality investment capital

Opportunities to attract capital from financial centers

Mr. Dezel Eades - Chairman of the British Business Association in Vietnam, also a founding member and General Director of Pioneer International Consulting said: The British business community welcomes Vietnam's policy in developing an International Financial Center (IFC), a driving force to enhance competitiveness, attract global capital and promote sustainable growth.

*Experts expect that the international financial center in Vietnam will be a driving force to enhance competitiveness, attract global capital and promote sustainable growth. Illustrative photo*

According to Mr. Dezel Eades, the International Financial Center is designed to develop green finance, financial technology, capital markets and international trade, while placing risk management as a top priority. However, for the International Financial Centers to be successful, it is necessary to ensure close connections with the Vietnamese economy in general, support exports, energy transition and retirement, and take advantage of international experience, including experience from the UK, including: Adjusting the regulations of the International Financial Centers according to international standards, applying the common law system, using English as the working language, applying international reporting and capital standards. At the same time, ensuring transparent governance.

Leverage existing financial institutions, mobilize the participation of Vietnamese organizations and financial institutions with experience and long-term investment commitment. Ensure inclusiveness, extend the incentives of the International Financial Center to the entire financial ecosystem, including brokerage, consulting, auditing. Training institutions and professional associations to support national development goals. Expand reforms to the entire economy, apply reforms related to the International Financial Center such as improving regulations on work permits and personal income tax to promote investment, innovation and growth.

Sharing with reporters of the Industry and Trade Newspaper, Dr. Le Duy Binh - Director of Economica Vietnam once said: Establishing an international financial center is very necessary for an economy with great development aspirations like Vietnam. Vietnam is an economy with quite impressive growth rates in the Asia - Pacific region and is aiming to become a developed country by 2045, which means the need to mobilize huge resources.

To access international capital, there needs to be a “harbor” - a place to gather, allocate and lead capital. Accordingly, international financial centers are not only a channel to attract investment capital, but also demonstrate the Government ’s determination to upgrade the economy, improve the investment and business environment and the quality of public administration.

*The international financial center in Ho Chi Minh City attracts people's attention. Illustrative photo*

Need for transparent legal framework and clear policies

Mr. Don Lam - General Director and founding shareholder of VinaCapital said: Vietnam is still a market with a lot of capital space, especially in the fields of economic infrastructure and private sector development. Therefore, the construction of international financial centers in Vietnam is expected to create a market with long-term capital sources, providing better support for these fields.

At the business level, Dr. Le Duy Binh said that the presence of an international financial center will force Vietnamese businesses to improve governance, financial transparency, and adapt to the strict requirements of the international market.

Resolution No. 222/2025/QH15 of the National Assembly on the construction of an international financial center in Ho Chi Minh City and Da Nang, together with Resolution No. 05/2025/NQ-CP of the Government on the pilot implementation of the crypto asset market, are laying the institutional foundation for a new development phase of Vietnam's digital finance. Most recently, Prime Minister Pham Minh Chinh signed Official Dispatch No. 211/CD-TTg on the establishment of an international financial center in Vietnam.

The Government's dispatch requires the People's Committees of Ho Chi Minh City and Da Nang City to proactively coordinate with the Ministry of Finance, the State Bank of Vietnam and relevant agencies, according to their functions, tasks and authority, to urgently issue incentive mechanisms and policies within their authority and create the most favorable working and living environment possible to attract international investment, ensuring living conditions and benefits in health, insurance, education, culture and sports, to be completed before November 20, 2025.

Along with that, select high-quality, professional personnel to work in the International Financial Center, interweaving domestic and foreign experts to absorb the quintessence and international intelligence into Vietnam. Create the most favorable and competitive conditions to attract experts to work in the International Financial Center.

Urgently prepare facilities, technical infrastructure, and necessary conditions to strive to put the International Financial Center in Vietnam into operation in November 2025, publicly announce incentive mechanisms and policies, and attract investors according to the authority of each city, create momentum, create force, call for investors, and promote the strength of the two cities with the common strength of the whole country.

Mr. Anirban Roy - Senior Partner of InnoLab Asia also affirmed that an international financial center is an essential component of an integrated economy, where technology, finance and management connect to create new value. According to Mr. Anirban Roy, Vietnam plays a pioneering role in Southeast Asia with the orientation of developing two international financial centers in Ho Chi Minh City and Da Nang, in line with the national strategy on digital technology industry and sustainable digital finance.

However, according to experts, an international financial center can only be successful when it has a transparent, stable, predictable and international investor-friendly legal framework. The legal framework must meet basic requirements such as ensuring legal confidence for global businesses and investors; creating a fair competitive environment and an independent and reliable dispute resolution mechanism...

According to Resolution 222/2025/QH15 of the National Assembly on the International Financial Center in Vietnam, there will be many outstanding incentive mechanisms applied. In particular, managers, experts, scientists, and highly qualified people working at the International Financial Center, including Vietnamese and foreigners, are exempted from personal income tax on income from salaries and wages earned from performing work at the center until the end of 2030...

Source: https://congthuong.vn/trung-tam-tai-chinh-quoc-te-kenh-hut-von-dau-tu-chat-luong-cao-430790.html