Decree on IFC establishment released

The decree on IFC establishment comprises seven chapters and 23 articles detailing and guiding the implementation of Articles 8 and 9 of National Assembly Resolution No. 222/2025/QH15 (dated June 27, 2025) on the IFC.

The subjects of application include members of the IFC; investors; organizations, and individuals involved in investment, business activities, and dispute resolution within the IFC. The decree also regulates the executive authority, supervisory bodies, and dispute resolution bodies of the IFC; as well as other relevant agencies, organizations, and individuals.

Decree 328 stipulates that the IFC is a unified legal entity operating at two locations: Ho Chi Minh City and Da Nang City. The operating regulations of the IFC shall be approved by the Executive Council for IFC with a general effect and be applied uniformly at both locations.

Within five years from the date this decree takes effect, the IFC Executive Council shall preside over a preliminary review, conduct an evaluation, and report to the government on the performance of the IFC.  

The People's Committees of the two cities shall be responsible for supplementing and synchronously updating relevant contents in regional and city master plans during the next planning adjustment.  

On December 11, 2025, the National Assembly approved the Law on Specialized Courts at IFC at its ongoing 10th session, with 438 out of 444 deputies voting in favor. The law is considered a crucial foundation for the IFC's effective operation and an important measure to bolster investor confidence.

The IFC is designed to unlock resources and promote growth model transformation in association with restructuring the economy in a bid to improve productivity and national competitiveness, thus contributing to advance the country into a new era of the nation's rise.

On December 21, the Government officially announced the establishment of the (IFC in Viet Nam./.