Announcing The First 10 Members of The Vietnam International Financial Center in Da Nang

According to the announcement, the 9 selected organizations and financial institutions include: Makara Capital Vietnam Holdings Co., Ltd.; APEX VIETNAM IFC SERVICES Co., Ltd.; Bybit Technology Vietnam Co., Ltd.; DTC pay Vietnam JSC; VALVERDE INVESTMENT PARTNERS PTE. LTD; 9PAY Co., Ltd.; Da Nang Fintech Lab Co., Ltd.; SIGLAW IFC Co., Ltd.; and Verichains Solutions Corporation.

Along with them is the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), representing the domestic commercial banking sector participating in the financial center ecosystem.
 

Leaders of Da Nang City stated that, alongside announcing the first members, Da Nang has received positive feedback from nearly 70 letters of interest registering to become members of the Vietnam International Financial Center in Da Nang. This is seen as an initial signal demonstrating the attraction of the new financial center model, in the context of Vietnam gradually perfecting the institutional framework for modern financial activities and innovation.

At the same time, the city signed over 20 Memoranda of Understanding (MoU) for cooperation in the fields of human resource training, consulting, communications, ecosystem networking, investment promotion, and product development.

Among these is the participation of many international organizations and large enterprises such as Binance, Tether, Bybit, Abu Dhabi Global Market, DTCpay, APEX Group, the Swiss Finance + Technology Association, and Frankfurt Main Finance. These agreements focus on experience sharing, consulting on operational models, connecting financial networks, and supporting the development of products consistent with international practices.

According to the announced orientation, the International Financial Center in Da Nang is built upon a modern model, closely linked with innovation, digital technology, and sustainable finance. The center is defined as a testing ground (sandbox) for new financial models, including products related to digital assets, digital payments, specialized exchanges, supply chain finance, and third-party services to complement the traditional financial market.
 

Regarding the implementation roadmap, the 2025-2026 period is identified as the time for forming the financial center towards modernity and creativity, focusing on testing new financial models and products associated with digital technology. From 2026 onwards, the city aims to perfect specific mechanisms and policies with superior features, thereby attracting capital flows, technology, and high-quality human resources, while ensuring national financial security and safety requirements.

The scale and functional zoning of the International Financial Center in Da Nang are also defined relatively clearly. The center will include a financial trading area, banking and exchange area, office area combined with arbitration centers and Courts, along with supporting functional zones.

Priority development areas identified by the city include financial center infrastructure, green finance and Environmental, Social, and Governance (ESG) criteria, financial technology and innovation, investment funds and asset management, commodity and derivatives markets, along with professional support services.

Regarding development space, the total planning area for the International Financial Center in Da Nang is approximately 300ha. Specifically, in An Hai ward, 5 land lots A12, A13, A14, A15, and A* are arranged with a total area of approximately 6.17ha.

In Hai Chau ward, the identified areas include the 20-story IT building at Software Park No. 2 with an area of 0.12ha; the land area northwest of the approach road to Thuan Phuoc Bridge, approximately 9.7ha; and the land along Nhu Nguyet - Xuan Dieu Street, approximately 1.98ha.

Additionally, the planned sea reclamation development area opposite Nguyen Tat Thanh Street has a scale of approximately 282ha, considered a key space for the formation of future functional zones.

With the initial list of members, the system of international partners, and the announced development orientation, the Vietnam International Financial Center in Da Nang is gradually realizing the goal of becoming a new growth pole, playing the role of testing modern financial policies and models, and creating a foundation for Vietnam's deeper participation in the regional and international financial network./.