Desire for ADGM to introduce and promote international investors to Viet Nam

As part of his working visit to the United Arab Emirates (UAE), on the afternoon of 23 September (local time), Standing Deputy Prime Minister Nguyen Hoa Binh held a working session with Mr. Ahmed Jasim Al Zaabi, Chairman of Abu Dhabi Global Market (ADGM).

 

ADGM is one of the world’s most attractive financial centres, operating under the English Common Law model. Globally, there are currently only three jurisdictions that directly apply Common Law in the governance of international financial centres (IFCs): Singapore, Hong Kong (China) and ADGM.

Standing Deputy Prime Minister Nguyen Hoa Binh congratulated ADGM on its remarkable achievements despite having been established only in 2015, and asked about the key factors behind its success as well as recommendations for Viet Nam in the process of developing its own IFC.
 

The ADGM Chairman shared three critical factors for the success of an IFC: legal independence; reliable and stable policies; and swift procedures with strong support for investors. He noted that Viet Nam needs policies to attract major partners and investors, to create differentiation from other IFCs, to survey the practical needs of investors, and to widely promote Viet Nam’s IFC to the international community through bilateral and multilateral cooperation. He also emphasized that Viet Nam’s IFC should pay special attention to developing human resources both inside and outside the centre.

Standing Deputy Prime Minister Nguyen Hoa Binh highly appreciated these valuable insights and asked ADGM to share further on its unique value proposition and outstanding incentives compared with other IFCs.

The ADGM Chairman stated that the UAE enjoys a strategic geographic location and has developed two IFCs to build a solid financial foundation, with trust being the core value of any IFC. ADGM’s main incentive packages focus on attracting talent, supporting businesses and investors, and facilitating the operation of international funds.
 

The Standing Deputy Prime Minister stressed that Viet Nam has large-scale needs in infrastructure, energy, the digital economy and green transition, and expressed the desire that ADGM help introduce and attract international investors to Viet Nam and to Viet Nam’s IFC. The two sides agreed to coordinate in organising an investment promotion event in the UAE in early 2026.
 

The Standing Deputy Prime Minister also noted that Viet Nam and the UAE are working to further strengthen links between their business communities. The Government of Viet Nam is finalising the legal framework for its International Financial Centre, with the orientation that it will operate independently from state administrative bodies, and wishes to deepen comprehensive cooperation with ADGM in the coming time.

On this occasion, Standing Deputy Prime Minister Nguyen Hoa Binh witnessed the signing of a Memorandum of Understanding on cooperation between ADGM and the Ho Chi Minh City People’s Committee and the Da Nang Municipal People’s Committee on the development of IFCs in Viet Nam.