(Hanoi, 17th) Vietnam is aggressively positioning itself for the international financial stage. National Assembly Chairman Tran Thanh Man recently signed Resolution No. 222/2025/QH15, approving the development of international financial centers in Ho Chi Minh City and Da Nang City. The resolution will officially come into effect on September 1, 2025, and its innovative supporting policies are expected to attract global capital to Vietnam.
The resolution has already drawn the attention of several international investment groups. Following a US$1.5 billion investment in Hung Yen Province, the Trump Organization now plans to enter the Thu Thiem Financial District in Ho Chi Minh City to construct the “Trump Tower,” a complex integrating high-end residences, five-star hotels, office buildings, and commercial spaces. The group has also expressed keen interest in the Da Nang International Financial Center project.
According to the Da Nang People’s Committee, more than 10 international capital institutions have submitted letters of intent for investment cooperation. Among them, a consortium formed by Singapore’s Makara Capital, Terne Holdings, and the Trump Organization is applying to become a strategic investor. Ali Ahmad, Chairman of Makara Capital, said he is optimistic about the Vietnamese market’s potential and plans to raise US$5 to US$7 billion to participate in the restructuring of Vietnam's financial system and the construction of the two financial centers.
Meanwhile, the UK’s Swire Group has also been invited to participate in the dual-city financial development of Ho Chi Minh City and Da Nang. The group is the major investor of the Thu Thiem “Empire City” project and will continue to be deeply involved in the overall regional planning in the future.
Nguyen Van Quang, Secretary of the Da Nang Party Committee, emphasized that the development of international financial centers should go hand in hand with building both a “living ecosystem” and an “investment ecosystem” to achieve dual driving forces of people-city interaction and capital flow. The two cities have clear positioning: Ho Chi Minh City will focus on capital markets, banking services, fintech, and professional trading platforms; Da Nang will focus on green finance, digital finance, and pilot sustainable financial innovations.
Finance Minister Nguyen Van Sinh pointed out that the construction of international financial centers is not only a landmark domestic reform project but will also help Vietnam fully integrate with global capital markets. To attract foreign investment, the Vietnamese government has introduced several favorable policies, including corporate income tax and personal income tax reductions, priority infrastructure development rights for strategic investors, and regulatory sandbox mechanisms.
Vietnam is adopting an open and innovative approach to build a leading regional financial hub.
The resolution has already drawn the attention of several international investment groups. Following a US$1.5 billion investment in Hung Yen Province, the Trump Organization now plans to enter the Thu Thiem Financial District in Ho Chi Minh City to construct the “Trump Tower,” a complex integrating high-end residences, five-star hotels, office buildings, and commercial spaces. The group has also expressed keen interest in the Da Nang International Financial Center project.
According to the Da Nang People’s Committee, more than 10 international capital institutions have submitted letters of intent for investment cooperation. Among them, a consortium formed by Singapore’s Makara Capital, Terne Holdings, and the Trump Organization is applying to become a strategic investor. Ali Ahmad, Chairman of Makara Capital, said he is optimistic about the Vietnamese market’s potential and plans to raise US$5 to US$7 billion to participate in the restructuring of Vietnam's financial system and the construction of the two financial centers.
Meanwhile, the UK’s Swire Group has also been invited to participate in the dual-city financial development of Ho Chi Minh City and Da Nang. The group is the major investor of the Thu Thiem “Empire City” project and will continue to be deeply involved in the overall regional planning in the future.
Nguyen Van Quang, Secretary of the Da Nang Party Committee, emphasized that the development of international financial centers should go hand in hand with building both a “living ecosystem” and an “investment ecosystem” to achieve dual driving forces of people-city interaction and capital flow. The two cities have clear positioning: Ho Chi Minh City will focus on capital markets, banking services, fintech, and professional trading platforms; Da Nang will focus on green finance, digital finance, and pilot sustainable financial innovations.
Finance Minister Nguyen Van Sinh pointed out that the construction of international financial centers is not only a landmark domestic reform project but will also help Vietnam fully integrate with global capital markets. To attract foreign investment, the Vietnamese government has introduced several favorable policies, including corporate income tax and personal income tax reductions, priority infrastructure development rights for strategic investors, and regulatory sandbox mechanisms.
Vietnam is adopting an open and innovative approach to build a leading regional financial hub.