On the afternoon of January 9th, the Vietnam International Finance Centre was officially inaugurated in Da Nang City, marking a strategic step in Vietnam's journey to become a regional and international financial center. The ceremony was attended and directly supervised by Nguyen Hoa Binh, Deputy Prime Minister and Chairman of the Executive Board of the Vietnam International Finance Centre.
Da Nang was chosen as the starting point.
The establishment of the International Finance Center in Da Nang demonstrates the government's orientation towards developing new growth poles, leveraging the city's geographical advantages, infrastructure, investment environment, and international connectivity.
According to government representatives, Da Nang is not only a major economic and tourism center of Central Vietnam, but is also expected to become a hub for finance, technology, and innovation, acting as a bridge between Vietnam and regional and global Capital flows.
International Financial Center – the nucleus for attracting Capital flows.
The Vietnam International Finance Centre is envisioned to become a platform for testing and implementing modern financial models, including:
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- Attracting international and regional investment Capital .
- Developing high-quality financial services.
- Promoting innovation in the financial technology (fintech) sector.
- Supporting linkages between domestic and international Capital markets.
Speaking at the event, Deputy Prime Minister Nguyen Hoa Binh emphasized that the establishment of the International Financial Center is an important step in the strategy to enhance the competitiveness of the economy, while also creating new impetus for long-term growth.
Towards international standards
According to the plan, the Center will gradually approach international standards in governance, transparency, and operation, thereby creating a favorable environment for:
- Domestic and foreign financial institutions
- Fintech companies
- International institutional and individual investors
Observers believe that the official opening of the International Finance Centre in Da Nang is not only symbolic but also demonstrates Vietnam's determination to upgrade its position on the regional financial map, amidst increasing competition among Asian financial centers.
