Launch of Vietnam International Financial Centre in Da Nang City
DNO - The Vietnam International Financial Centre (VIFC) officially opened in Da Nang on January 9, marking the first operational milestone in Vietnam’s ambition to build an international finance hub.
Permanent Deputy Prime Minister (PM) Nguyen Hoa Binh, national and city leaders, and over 170 delegates from ministries, financial institutions and domestic and international businesses attended the launch.
Deputy PM Nguyen Hoa Binh praised Da Nang for translating national policy into action, calling the opening evidence of strong determination and a new stage of development. Establishing an international financial centre, he said, is a strategic priority to mobilise resources, restructure the economy and strengthen national competitiveness.
The VIFC is both a national requirement and a strategic response to shifting global capital flows, a breakthrough designed to attract high-quality investment and deepen Vietnam’s integration into international markets.
Under the vision of “one centre, two destinations”, Da Nang is positioned to become a new economic engine leveraging its location, digital readiness and proactive governance.
However, he cautioned that advantage alone is insufficient; success requires bold execution, shared responsibility and a partnership mindset between government and business.
He urged central ministries to modernise legal frameworks, adopt competitive policies and support pilot models, and tasked the Ministry of Finance and the State Bank with working closely with Da Nang to test new mechanisms and clear procedural barriers.
Da Nang was asked to finalise joint regulations with Ho Chi Minh City by January 2026, accelerate infrastructure development and streamline its executive structure.
For investors, he reaffirmed legal protection and called for long-term commitment, policy feedback and cooperation in fintech, carbon credits and digital assets. With coordinated action, he expressed confidence Da Nang would emerge as a regional hub.
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Standing Vice Chairman of the Da Nang City People's Committee Ho Ky Minh, head of the VIFC Executive Agency, thanked central authorities for their support, saying the centre arrives at a pivotal moment for Vietnam’s innovation and digital transformation.
He pledged that the agency will operate to international standards, ensure transparency and security, apply special mechanisms, attract talent and expand global cooperation. A one-stop service model will be introduced, backed by MOUs with Binance, Tether, Bybit, DTCpay and APEX Group.
The event also marked the launch of the VIFC Digital Information Portal. Da Nang has prepared 4,000m² of workspace with full 5G coverage, while a 20-storey tower and data systems totalling 27,000m² are scheduled for completion in Q2 2026 to accommodate funds, tech firms, start-ups and pilot projects in digital assets and payments.