As the global economy undergoes a profound transformation, Vietnam has set its sights on developing an international financial center as a new engine of growth. This initiative is expected to serve as a launchpad to attract global capital and knowledge while elevating the nation’s position on the world financial map. Legal framework for the international financial center Under Resolution 222/2025/QH15, issued by the National Assembly on June 27, 2025, Vietnam aims to build an International Financial Center (IFC) to attract financial resources, promote international integration, and lay the foundation for breakthrough growth in the new era. According to the Global Financial Centers Index (GFCI) No. 37, released in March 2025, there are currently 119 financial centers worldwide. Vietnam’s goal is to rank among the top 75 by 2035 and to break into the top 20 by 2045—on par with major regional hubs such as Hong Kong, Singapore, Seoul, and Dubai. To realize this vision, Vietnam has demonstrated a strong political commitment through the issuance of Resolution 222, providing the highest legal framework for initial integration efforts. Building upon that foundation, the prime minister issued Decision 114/QD-BCDTTTC on August 1, 2025, outlining an action plan to bring IFCs in HCMC and […]