Da Nang sets up an Advisory Council to develop a hub for innovation and sustainable finance in the Asia-Pacific. Discover more!

All electronic money transfers valued at $1,000 or more at the center must be reported for anti-money laundering purposes.

To establish a commercial bank in the IFC, a wholly domestically-owned bank must have minimum total assets of VND100 trillion ($3.8 billion); a wholly foreign-owned bank must have at least VND10 billion (over $380,000) in assets, while a foreign bank branch's parent must possess minimum total assets of VND20 billion (nearly $760,500).

MUFG is one of Japan’s three largest banking institutions.

PM Pham Minh Chinh stressed the importance of fostering public-private partnerships, mobilizing resources from businesses and the public, and building an advanced financial center.

The city not only preparing the land but also offering significant tax incentives to attract investors.

Organizational structure of the steering committee formed under a Prime Ministerial Decision signed on September 15.

Vietnam will not see strong financial liberalization before 2030. This is a problem in need of resolution if Ho Chi Minh City is to become an international financial center, as planned. The city also needs to improve its competitiveness. According to an evaluation, its competitiveness remains at the average level, equal to regional cities such as Manila and Jakarta.