Opportunities In Developing International Financial Centers In Ho Chi Minh City And Da Nang  

Vietnam has demonstrated strong determination to develop International Financial Centers (IFCs) in its two key cities – Ho Chi Minh City and Da Nang. Under the National Assembly’s Resolution No. 222/2025 on IFC development, these two cities have been selected to adopt the model of “one center – two destinations.” 

Ho Chi Minh City has inaugurated the Saigon Marina IFC Tower — a symbol of its ambition to become a global financial hub. Meanwhile, Da Nang is accelerating infrastructure development for its financial center, including upgrades to the Software Park No. 2 and investments in high-rise office buildings to support international financial operations. 

With these foundations, the establishment of IFCs in the two cities opens up substantial economic and social opportunities. 

KEY OPPORTUNITIES 

Attracting global capital and enhancing Vietnam’s financial standing 

IFCs in Ho Chi Minh City and Da Nang will become strategic destinations for global capital, boosting FDI inflows and mid-to-long-term financial investments into Vietnam. 

This will enable Vietnam to integrate more deeply into global financial value chains and establish itself as a regional financial intermediary. 

Developing a modern financial ecosystem and diversified products 

The IFCs will foster new financial products such as digital assets, carbon credits, digital trading platforms, and fintech solutions. 

They will form integrated financial spaces encompassing banking, fund management, capital markets, derivatives trading, and cross-border payments. 

Promoting technological innovation and green finance 

Da Nang has the advantage of positioning its IFC around green finance, digital technology, and blockchain-based payments, while Ho Chi Minh City aims to integrate AI and blockchain as key components of its financial infrastructure. 

Developing high-quality human resources 

The IFCs will create a strong demand for professionals in finance, fintech, international law, and risk management — thereby elevating Vietnam’s workforce to international standards. 

The “one center – two destinations” model allows efficient resource sharing, with Da Nang acting as a flexible extension supporting specialized financial segments. 

Leveraging geographical advantages 

Da Nang, located in Central Vietnam, can serve as a gateway connecting the East–West Economic Corridor and facilitating inter-regional financial flows. 

Ho Chi Minh City, the country’s southern financial metropolis, already possesses strong infrastructure, enterprise networks, and banking systems — forming the backbone of Vietnam’s national IFC strategy. 

CONCLUSION  

The establishment of International Financial Centers in Ho Chi Minh City and Da Nang presents a golden opportunity for Vietnam to attract global capital, drive financial innovation, and assert its new role in the regional economy.