Vietnam Unveils 'One Centre – Two Destinations' Model for International Financial Hubs

Vietnam is advancing its ambition to establish an International Financial Centre (IFC) through a distinctive “one centre – two destinations” model. Ho Chi Minh City is designated as a comprehensive financial hub, integrated with a free trade zone, while Da Nang will specialize in innovation, fintech, and digital assets, serving as a testing ground for new financial models. This complementary structure aims to foster Vietnam's unique development path rather than merely replicate existing global financial centers.