Vietnam's International Financial Center Attracts Foreign Investment
Vietnam's International Financial Center (IFC) has been launched in Ho Chi Minh City, covering 92 hectares and featuring a 99-story financial tower, to attract foreign investment and support the country's development goals. With nearly 100 international investors, including Nasdaq and Binance, the center aims to facilitate advanced IT, data centers, and blockchain technologies, and expects to draw $10 billion in its first year. The successful implementation of operational regulations will be critical to achieving its ambitious trading volume targets.
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Vietnam's International Financial Center (IFC) has been established, attracting foreign investment opportunities amid the country's development goals. The IFC in Ho Chi Minh City will cover approximately 92 hectares in Thu Thiem, featuring 11 buildings, including a planned 99-story financial tower.
Initial member companies will focus on building hardware and software, including IT, data centers, and blockchain technologies. The center aims to connect logistics with financial chains in Ho Chi Minh City, including the Cai Mep port and Long Thanh airport.
It will also have international trading platforms in partnership with Nasdaq, allowing trading in foreign currencies. Nearly 100 international investors have shown interest, including major entities like Nasdaq and Binance.
The center aims to attract $10 billion in its first year, with significant trading volumes expected from participating companies. The rapid implementation of operational regulations is crucial for success.
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