Strengthening Vietnam–U.S. Financial Connectivity, Expanding Opportunities for VIFC Da Nang

Promoting Da Nang City and Investment Opportunities in VIFC-DN

On the morning of March 23, 2026, at the headquarters of Warburg Pincus (New York)—one of the largest private investors in Viet Nam with a portfolio exceeding USD 2 billion—the delegation attended and delivered remarks at the seminar titled “Vietnam Financial Center: Vision and Opportunities”, with the participation of more than 70 delegates from leading global financial institutions such as BlackRock and Deutsche Bank.

In his opening remarks, Permanent Deputy Prime Minister Nguyen Hoa Binh emphasized that Viet Nam is a safe and attractive investment destination, underpinned by strong economic growth, deep international integration, and a stable political and social environment. He affirmed that VIFC represents a significant institutional breakthrough aimed at mobilizing resources and enhancing national competitiveness.
 

Permanent Deputy Prime Minister Nguyen Hoa Binh delivers the opening remarks at the seminar.

To date, Viet Nam has largely completed its legal framework and specific policy mechanisms for VIFC under the model of “one center, two destinations,” connecting with the global financial system. The Government remains committed to accompanying investors and creating the most favorable conditions, particularly for U.S. enterprises, to participate and successfully develop within VIFC. At the event, Mr. Ho Ky Minh, Standing Vice Chairman of the Da Nang People’s Committee and Chairman of the VIFC-DN Executive Authority, delivered a speech highlighting the city’s outstanding advantages in scale, infrastructure, technology, and living environment. He reaffirmed the development orientation of Da Nang as a modern, ecological city and a leading innovation hub in Asia, based on three strategic economic pillars.
 

Also at the seminar, Mr. Oscar Njuguna, Head of the Membership Committee of the VIFC Da Nang Executive Authority, presented in detail the operational model and outstanding incentives of VIFC-DN. He emphasized that Viet Nam is entering a new phase of capital market and financial sector development, driven by its anticipated upgrade to emerging market status, thereby attracting significant investment inflows.

VIFC has been established by the Government under the model of “one center – two cities” in Da Nang and Ho Chi Minh City, with complementary roles. In this model, Da Nang is identified as a strategic destination due to its central location, synchronized infrastructure, high-quality human resources, and competitive living environment, with a focus on developing sectors such as fintech, green finance, trade finance, and asset management.

At the same time, VIFC is building a modern legal framework aligned with international standards, including sandbox mechanisms, an English-speaking working environment, and specialized dispute resolution systems. These conditions facilitate the mobilization, structuring, and allocation of capital directly within Viet Nam. In addition, the center offers competitive incentives in taxation, foreign ownership, foreign exchange, and international workforce policies. With this foundation, VIFC aims to become a globally competitive financial center, accompanying investors in effectively leveraging Viet Nam’s vast growth opportunities.
 

At the seminar, representatives from international financial corporations and reputable organizations highly appreciated Viet Nam’s development potential and the role of the Viet Nam International Financial Center (VIFC) in the coming period. A representative of Warburg Pincus reaffirmed strong confidence in the Vietnamese market and proposed further improvements in financial infrastructure, relaxation of foreign ownership limits, IPO reforms, and the development of REIT markets to attract high-quality capital flows. The U.S.–ASEAN Business Council emphasized that Viet Nam is at a pivotal turning point after 40 years of renewal, with strong prospects of becoming a regional hub for manufacturing, technology, and finance. In this context, VIFC plays a critical role in mobilizing large-scale capital and deepening financial markets. Organizations such as BlackRock and Deutsche Bank also recommended accelerating capital market reforms, particularly in the bond market, enhancing transparency, developing international financial products, and refining the legal framework to attract institutional investors. In conclusion, experts noted that Viet Nam is facing a historic opportunity for breakthrough growth, with VIFC serving as a strategic driver for innovation, sustainable development, and deeper integration into the global financial system, aiming to become a high-income country by 2045.

Enhancing Strategic Cooperation in Green Finance, Energy Transition, and Climate Change
 

The delegation meets with Mr. Shunondo Basu, Director of Energy Technology and Innovation at the Rockefeller Foundation, and Mr. Matthew Mc Garvey, Co-founder of Xylem Capital.
 

On the same day in New York, leaders of Da Nang City held working sessions with two prestigious international financial organizations: the Rockefeller Foundation and Aligned Climate Capital. The Rockefeller Foundation, established in 1913, is a global philanthropic organization pioneering in sustainable development, climate finance, energy transition, and urban resilience, with extensive experience in advising and supporting the implementation of innovative financial models, energy storage projects, and energy transition initiatives. Meanwhile, Aligned Climate Capital is a U.S.-based investment fund focusing on renewable energy, sustainable infrastructure, and carbon emission reduction solutions. During the meetings, both sides discussed orientations for cooperation in developing a green finance ecosystem at VIFC-DN, promoting capital mobilization for clean energy and green infrastructure projects, developing carbon credit markets, and advancing climate finance products. They also encouraged companies to establish member entities at VIFC-DN to invest in energy transition projects in Viet Nam’s localities as well as neighboring countries.
 

Accompanying the Deputy Prime Minister to Visit Leading Financial Institutions
 

Within the framework of the working visit to the United States, the Da Nang delegation accompanied the Permanent Deputy Prime Minister’s delegation to visit and work with two of the world’s leading stock exchanges: Nasdaq and the New York Stock Exchange (NYSE). Nasdaq is recognized as the world’s second-largest electronic stock exchange, known for listing major global technology corporations and its advanced trading systems. Meanwhile, the NYSE is the oldest and largest stock exchange globally by market capitalization, serving as a central pillar of the international financial system. During the working session, the delegation received a detailed presentation from Mr. Jeff Thomas, Executive Vice President and Global Head of Listings at Nasdaq, on operational models, listing standards, and the role of capital markets in driving economic growth. The delegation also engaged with Ms. Margaret Niche, Vice President of Intercontinental Exchange (ICE)—the parent company of NYSE and operator of the global financial data platform ICE Data Services. Da Nang City formally invited Ms. Margaret Niche and ICE partners to visit and work directly at the Viet Nam International Financial Center in Da Nang City (VIFC-DN) to further explore cooperation opportunities in financial data, market infrastructure, and connectivity with the global financial ecosystem./.