The IFC establishment is an urgent requirement in reality and based on Vietnam’s potential, advantages, and epochal vision for fast and sustainable development.
A recent report from Chainalysis revealed that the total value of crypto received in Vietnam was at 220 billion USD between July 2024 and June 2025, marking a growth of 55% compared to the 2023-2024 period and placing the country third in the Asia-Pacific region, behind India and the Republic of Korea.
Unlike existing IFCs in the region such as Hong Kong (China) or Singapore, which were built upon traditional commercial hubs, HCM City is emerging amid a restructuring of global supply chains. This creates opportunities for Vietnam to become an important link in the new value chain.
Prime Minister Pham Minh Chinh, municipal leaders, representatives of ministries, and international investment funds attended and witnessed the signing ceremony, which was held on the sidelines of the Autumn Economic Forum 2025.
Administrative reform remains HCM City’s top priority. The city aims to cut at least 30% of procedures, reduce processing times and costs, and shift from a “management mindset” to a “service mindset” to better support the business community.