IFC serves a catalyst for Viet Nam’s economic breakthrough

The Government leader made the above remarks right after the HCMC-based IFC was put into operation on February 11, 2026.

The establishment of the IFC in Ho Chi Minh City and Da Nang represented the initial realization of a major task set out in the Resolution of the 13th National Party Congress.

The Government views the IFC as a long-term strategic platform to enhance competitiveness, deepen financial integration and support sustainable socio-economic development, with investor confidence seen as the decisive factor for success.

Preparations were synchronized across three pillars namely political direction, legal infrastructure and implementation capacity.

The Government has issued eight decrees and related regulations regarding the IFC operation, and introduced preferential policies, operational models and talent recruitment mechanisms.

Nguyen, who chairs the IFC's Governing Council stressed that the IFC is expected to boost economic growth – open new development space beyond traditional growth drivers; cement and deepen international integration – apply common law principles and allow international judges in dispute settlement; support economic restructuring – manage digital assets and promote green, digital and innovation-based growth and mobilize capital – finance major projects such as high-speed rail, renewable energy and data centers; transform urban and economic landscape – create a new development ecosystem for the country; develop high-level human resources – train professionals and attract foreign expertise; improve FDI quality – enhance competitiveness and investment attractiveness and benefit society – expand access to modern financial services for citizens.

Viet Nam has conducted a series of study tours and extensive discussions with international experts and former leaders, including former Singaporean Prime Minister Lee Hsien Loong and former UK Prime Minister Tony Blair. 

"Credibility" constitutes the core determinant of any successful financial center. Such credibility, he explained, rests on transparent and internationally compatible legal frameworks, global connectivity, high-quality human resources and impartial dispute resolution institutions, underpinned by modern physical and digital systems.

The Deputy Prime Minister also acknowledged that further investment in physical and digital infrastructure remains essential./.