Vietnam officially announced the establishment of its International Financial Centre last Sunday, December 21, 2025, marking a significant milestone in the country’s financial reform agenda. The IFC follows a “one center, two destinations” model with dual hubs in Ho Chi Minh City and Danang. Ho Chi Minh City is designated as the large‑scale financial gateway focusing on capital markets, banking, fund management, and global capital connectivity. Meanwhile, Danang is positioned as an innovation‑driven center specializing in fintech, wealth management, and green finance. Together, the two cities form Vietnam’s strategic blueprint to attract international institutions and elevate the country’s position in regional finance.
What is Vietnam IFC
Supporting Vietnam's IFC
KPMG has been deeply involved in shaping the development of Vietnam’s IFC. We have advised on policy formulation and contributed to Resolution 222 along with its guiding decrees. KPMG has also taken part in high‑level roundtables with the Government and international partners, while supporting industry stakeholders in building governance, regulatory and market frameworks that meet global standards. With the combined role of a trusted technical advisor and an active market partner, KPMG continues to accompany Vietnam across every step of its IFC journey.
How KPMG Can Help
Our end‑to‑end IFC advisory supports investors, regulators and market participants across strategy, regulatory clarity, market entry, operations, and value creation.
Key support areas:
The 6-Stage Investor Journey
Select a stage to explore how KPMG can support your IFC investment journey
- 1. Strategic Entry
- 2. Regulatory Clarity
- 3. Establishment
- 4. Scaling
- 5. Value Creation
- 6. Maturity or Exit
Stage 1: Strategic Awareness & Entry Consideration
"Does IFC in Vietnam fit my strategy and risk appetite?"
How KPMG Can Help:
- IFC readiness & market attractiveness assessment
- Regional & emerging IFC benchmarking
- Market depth, FX, tax & regulatory diagnostics
- Policy interpretation & investor entry strategy
- Entry scenarios and risk-return framing
Stage 2: Regulatory Clarity & Risk Assessment
"What risks remain? Are gaps and licensing needs clearly defined?"
How KPMG Can Help:
- Regulatory gap & onshore/IFC treatment review
- Licensing pathways & implementation timelines
- Tax & legal entity structuring (treaty access & BEPS)
- Risk & compliance framework design (AML, sanctions, data privacy)
Stage 3: Establishment & Capital Commitment
"Can we set up efficiently and compliantly?"
How KPMG Can Help:
- End-to-end market entry support
- Incorporation, licensing, capital registration
- FX, treasury & capital structuring
- Repatriation planning & liquidity management
- Governance & control framework setup
- Board structures, internal controls, reporting
Stage 4: Operations, Scaling & Market Integration
"Can we scale and operate sustainably within Vietnam's system?"
How KPMG Can Help:
- Operating model & process design
- Front-to-back office alignment
- Technology & digital enablement
- Core systems, RegTech, data governance
- Local market integration advisory
- Partner due diligence and structuring
Stage 5: Ecosystem Deepening & Value Creation
"How do we deepen our footprint and create long-term value?"
How KPMG Can Help:
- Product & market expansion advisory
- ESG, infrastructure finance, private markets support
- Policy dialogue & industry engagement
- Thought leadership with regulators & associations
- Performance & value optimization
- Cost efficiency, profitability, risk-adjusted returns
Stage 6: Maturity, Reinvestment or Exit
"Do we double down, regionalize, or exit?"
How KPMG Can Help:
- Exit readiness & value enhancement
- Financial, tax, and operational optimization
- Transaction advisory & due diligence
- Buy-side and sell-side support
- Post-deal integration or separation
- Governance, systems, people support
30-Minute IFC Readiness Call
Speak with our IFC specialists to assess your readiness, understand regulatory requirements, and chart your path to success in Vietnam.
- Complimentary initial consultation with senior advisors
- Tailored insights based on your investment objectives
- Clear next steps and timeline recommendations
Insights and publications
- 2026
- 2025
