Gov't announces establishment of International Financial Center

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.

The establishment of the IFC stands as a testament to the strong determination of the Party and State of Viet Nam in the course of extensive international integration into the global economy.

During the announcement ceremony, the Government announced key documents creating legal framework for the IFC, reaffirming its strong commitment to building a stable, transparent, safe and friendly financial environment for investors as well as Viet Nam's readiness to cooperate adn share development opportunities with the international community.

Major milestones

On June 26, 2025, the National Assembly passed Resolution No. 222/2025/QH15 on the IFC in Viet Nam. This is the first legal document, creating a solid foundation for the building, operation and development of the IFC.

The Government then promulgated Decrees guiding the implementation of the above Resolution, including Decree No. 323/2025/ND-CP dated on December 18, 2025 regulating the organizational model of the IFC Executive Council.

Prime Minister Pham Minh Chinh signed Decision No. 2755/QD-TTg dated December 18, 2025 on the functions, tasks and powers of the IFC Executive Council.

On December 20, the Government issued Decree No. 324/2025/ND-CP on tax policy applicable in the IFC, which specifies rates of corporate income tax and personal income tax./.