While VIFC-HCMC has no member banks yet, the State Bank of Vietnam is considering allowing businesses to keep accounts at domestic banks to carry out some capital transactions, under a mechanism similar to that for foreign loans and overseas lending. Deputy Governor Pham Thanh Ha stressed that serving banks must be closely supervised and able to identify each transaction, and the SBV will soon consider licensing banks as members while studying proposals on licensing conditions and credit limits. Some businesses, including Sovico, have asked to use direct investment capital accounts (DICA) at banks outside the centre during the transition to complete transactions in Q4 2026, and to amend some conditions under Decree 329. Sovico also proposed a withholding tax exemption for aircraft leasing and financing transactions and a sandbox trial for tokenising aircraft and engines. Deputy Minister of Finance Nguyen Thi Bich Ngoc said financial products should be rolled out step by step, and the ministry has compiled the proposals for the competent authority.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Ngân hàng Nhà nước xem xét cơ chế giao dịch vốn cho Trung tâm Tài chính quốc tế
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State Bank of Vietnaminternational financial centercapital flowsVietnam
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Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/29/2026 | 1,755.61 |
| Change that session | -0.62% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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