Vietnam’s IFC: What to know? (P.1)

Vietnam is entering a decisive stage in establishing International Financial Centers (IFCs) in Ho Chi Minh City and Da Nang, with the goal of mobilizing global capital and advancing long-term development objectives. Over the past three decades, China’s multi-hub model has combined gradual liberalization with controlled innovation, while Singapore has built Marina Bay into a leading, globally connected financial center. These experiences underscore the strategic importance of IFCs in enhancing national competitiveness and ensuring sustainable economic growth, offering a reference roadmap for Vietnam’s ambitions.