Vietnam’s National Assembly has officially issued a resolution to establish the country’s first International Financial Centre (IFC), introducing special mechanisms and policies to attract capital, technology, and high-quality talent. Signed by NA Chairman Trần Thanh Mẫn, the resolution outlines the centre’s legal framework, including its formation, operations, and supervisory regulations. It aims to position Vietnam as a competitive hub for financial services, facilitating global capital flows and fostering growth in sectors such as fintech, digital assets, e-commerce, banking, insurance, and green finance. The IFC will also promote integration with international markets and align with global standards in service provision and governance. The resolution allows foreign law to be applied in transactions involving international parties, provided it does not violate Vietnam’s core legal principles. Property-related transactions must follow Vietnamese law. Provisions are also included to safeguard national interests and security. The IFC is expected to significantly enhance Vietnam’s financial infrastructure and global investment appeal. (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News