At a meeting with the first 10 member holding companies, Deputy Prime Minister Nguyen Van Thang asked the HCMC International Financial Centre (VIFC-HCMC) to speed up its legal framework, licensing procedures and operating conditions, and aim for actual transactions and a member bank in November. The 10 members registered and committed charter capital totaling 33.63 million USD, with the centre targeting about 2.7 billion USD in capital to be raised and invested by 2027 and a cumulative 3 billion USD by 2030. Membership does not replace specialized licences for conditional business activities, and licensing and supervision processes are still being completed. HCMC rose 17 places, to 67th, in the Global Financial Centres Index by Z/Yen Partners and the Center for Development of China (CDI).
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Phó thủ tướng: Trung tâm tài chính phấn đấu có ngân hàng thành viên vào tháng 11
Read the original on VnExpress ↗
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: medium
| Market | Vietnam stocks |
|---|---|
| Close on 10/28/2026 | 1,766.65 |
| Change that session | +0.27% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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