Da Nang discusses International Financial Centre models with Swiss experts

During the meeting, representatives of the municipal Department of Finance presented a draft plan for establishing the International Financial Centre in Da Nang.
 

Overview of the working session

Accordingly, the International Financial Centre of Viet Nam in Da Nang will be built on a coherent, transparent legal framework aligned with international standards, while leveraging competitive advantages to attract financial institutions and international investors from various countries.

The vision is to develop Da Nang into a modern international financial hub that is closely integrated with the innovation, digital technology and sustainable finance ecosystem. The IFC will serve as a controlled testing ground for new financial models; pioneer the rollout and expansion of digital assets, digital payments, specialised trading platforms and exchanges; and foster the creation of specialised, flexible and innovative financial products.
 

Dr. Urs Lustenberger sharing his insights

Sharing at the meeting, Dr. Urs Lustenberger said that during this business trip he had the opportunity to visit the site where the city plans to build the Financial Centre, including the coastal reclamation project.

Dr. Lustenberger noted that several critical mechanisms are needed in establishing an IFC, including: forming dedicated enterprises, establishing an International Arbitration Centre, and building investor confidence — especially among foreign investors. He also emphasized the importance of constructing a robust financial framework.

“One of the main concerns of foreign investors is the regulatory mechanism and policy environment — specifically, whether foreign or domestic investors will be prioritised. When developing an International Financial Centre, we must eliminate such concerns and ensure equality among investors by establishing an Arbitration Centre that includes both domestic and foreign judges,” Dr. Urs Lustenberger stated.
 

Standing Vice Chairman Ho Ky Minh chairing the meeting
 

Standing Vice Chairman Ho Ky Minh expressed appreciation for Dr. Lustenberger’s insights. He affirmed that further discussions and consultations will be carried out to refine the legal framework and ensure the Da Nang International Financial Centre can begin operating efficiently as soon as possible.