Legislators expressed strong support for establishing an IFC, viewing it as a critical step toward elevating Vietnam’s financial standing and boosting economic development.

An IFC serves as an ecosystem of interconnected financial and non-financial services linked to global markets. With its existing infrastructure and a well-developed financial sector, HCM City is prioritising investment in information technology, physical infrastructure, and human capital to lay the foundation for the centre’s operations.

According to Richard D. McClellan, former Country Director of the Tony Blair Institute in Vietnam, establishing an international financial centre is not a matter of if but when, and it is a necessity.

Despite starting later than other countries in the region, Vietnam has made considerable progress, with a sharp increase of green projects over the past few years.

A workshop themed US-Vietnam Getting to Net-Zero: Roadmap to Sustainable Industrial Development was held in Ho Chi Minh City on January 14 by the US Commercial Service in the city, in partnership with the International Financial Centre (IFC) and Saigon Tel.

National flag carrier Vietnam Airlines has signed a cooperation agreement with France's Safran Seats Group on the supply of aircraft spare parts, rearrangement of aircraft seat configurations and installation of an in-flight internet connection system.

Standing Vice Chairman of the Da Nang city People's Committee Ho Ky Minh on March 6 called on TheCityUK, the industry-led body representing UK-based financial and related professional services, to coordinate with the Vietnamese central locality in building an international financial centre (IFC) there as soon as possible.

Prime Minister Pham Minh Chinh received World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro, International Finance Corporation (IFC) Regional Vice President for Asia and the Pacific Riccardo Puliti, and IFC Vice President and Treasurer John Gandolfo in Hanoi on November 14.

The International Finance Corporation (IFC) estimates that Vietnam's climate investment opportunities will reach up to 757 billion USD by 2030, focusing on renewable energy, green construction, energy efficiency and transportation, said IFC's Regional Director for the Asia-Pacific Financial Institutions Group Allen Forlemu.

The Saigon-Hanoi Commercial Joint Stock Bank (SHB) has teamed up with the International Finance Corporation (IFC) to increase access to finance for small and medium enterprises (SMEs) in Vietnam.

While women make up 60% of the entry level workforce in Vietnam’s banks, less than a third make it to senior and top management positions, according to a new study by IFC in partnership with the State Bank of Vietnam (SBV).

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed a total investment of 320 million USD in three Vietnamese banks, reported the Nikkei Asia.

The International Finance Corporation (IFC) and the Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) signed a memorandum of understanding on May 11 to become strategic partners for helping small and medium enterprises scale up finance and participate in global supply chains, including high-tech agricultural chains.

Vietnam’s T&T Group and Singapore’s YCH Group have inked a deal with the International Finance Corporation (IFC) on project development to attract capital funding for their inland container depot (ICD) logistics centre in northern Vinh Phuc province.

After four months, the International Finance Corporation (IFC) and international lenders increased the loan package granted to Southeast Asia Commercial Joint Stock Bank (SeABank), from 150 million USD to 220 million USD in order to maintain the cooperation with SeABank in re-financing SMEs, women-owned businesses and the climate.

The Ministry of Agriculture and Rural Development (MARD) and the International Finance Corporation (IFC) on December 9 signed a memorandum of understanding on technical support for the prevention and control of African swine fever (ASF) in Vietnam.

The International Finance Corporation (IFC) has provided a 100 million USD long-term loan for the Orient Commercial Joint Stock Bank (OCB) to increase the private sector’s contributions to green and sustainable growth in Vietnam.

Substantial amounts of domestic and foreign capital are being poured into major logistics projects in the south of Vietnam.

The International Finance Corporation (IFC) – a member of the World Bank Group – has signed an agreement to provide another 40 million USD for the Orient Commercial Bank (OCB) to help it with the support of COVID-hit clients, especially small and medium enterprises (SMEs).

The International Finance Corporation (IFC) – a member of the World Bank Group – will provide another 40 million USD for the Orient Commercial Bank (OCB) to help with the support of COVID-hit clients, especially small and medium enterprises (SMEs).