Prime Minister Pham Minh Chinh attended the launch ceremony on February 11 in Ho Chi Minh City. The center is headquartered at 8 Nguyen Hue Street, Sai Gon Ward.

Founding and strategic members

The seven founding members are major corporations and financial institutions, including Sovico Group, Military Commercial Joint Stock Bank (MB), Tien Phong Commercial Joint Stock Bank (TPBank), Saigon-Hanoi Commercial Joint Stock Bank (SHB), Son Kim Capital JSC, VinaCapital, and Nasdaq.

The six strategic members include Nam A Commercial Joint Stock Bank (Nam A Bank), Ho Chi Minh City Finance and Investment State-Owned Company (HFIC), the University of Economics Ho Chi Minh City, the On-chain Economy Alliance, Gemadept Group, and TikTok.

At the ceremony, Deputy Prime Minister Nguyen Hoa Binh presented certificates to participating members.

Government directives and policy support

Prime Minister Pham Minh Chinh instructed the Ho Chi Minh City People’s Committee to immediately implement a sandbox mechanism for new financial products. He also called for breakthrough incentives to attract at least 50 international financial institutions within the first three years.

The Prime Minister emphasized the need to digitize 100% of administrative procedures with competitive costs for investors, positioning the center as a substantive driver of national development.

Commitment of international partners

At the event, Vantage Point Asset Management (VPAM) - an asset management company with billions of dollars under management across Singapore and Australia - announced its role as a founding and development partner of the financial center, focusing primarily on Ho Chi Minh City.

VPAM committed to mobilizing 10 billion USD from global institutional investors and strategic partners within the first five years. The capital will be allocated to infrastructure, real assets, and fixed-income strategic investments, with a focus on projects linked to the financial center.

The company also plans to build an institutional asset management platform at VIFC-HCMC to introduce Vietnamese domestic financial products to international investors. The platform aims to connect Vietnam’s market with major financial hubs such as Singapore, London, the Middle East and Australia.

Vision from founding members

Nguyen Thi Phuong Thao, Chairwoman and CEO of Sovico Group, described the launch as a significant institutional milestone reflecting Vietnam’s long-term vision and deep integration ambitions.

“Vietnam is not only seeking to attract capital but is proactively creating a transparent, modern financial space operating under international standards, tied to innovation and sustainable development,” she said.

Tran Khai Hoan, Acting CEO of Nam A Bank, stated that the establishment of the financial center represents a strategic move for Vietnam to integrate more deeply into global financial flows through a modern, competitive and breakthrough-oriented model.

To enhance competitiveness, Nam A Bank plans to focus on innovative financial solutions and international cooperation. This includes technical support partnerships with the International Finance Corporation (IFC) under the World Bank for green supply chain finance, collaboration with FiinGroup to develop a dedicated digital platform for supply chain financing, and cooperation with the Global Green Growth Institute (GGGI) to develop standards for green bond issuance.

Duy Quang (Tien Phong)