Danang IFC

#Danang_IFC

It looks like you’re interested in Da Nang’s International Financial Centre (IFC) initiative. Here’s a detailed overview:

What is the Da Nang IFC?

• Vietnam’s National Assembly approved the creation of an International Financial Centre in both Ho Chi Minh City and Da Nang, effective September 1, 2025 .

• The model follows a “one centre, two destinations” framework, with distinct roles:

• Ho Chi Minh City handles capital markets, banking, monetary services, and fintech innovation.

• Da Nang specializes in green finance, digital services, fintech, digital assets, cross-border payments, and regulatory sandbox platforms   .

Why Da Nang?

• Da Nang is strategically located in central Vietnam, bridging economic corridors from east to west, and is close to major tech zones like Da Nang Hi‑Tech Park .

• It boasts modern infrastructure, a high quality of life, and is emerging as a testbed for innovative financial services and sustainable finance initiatives .

Legal & Institutional Structure

• The IFC will be governed by a unified Executive Agency and Supervisory Agency, with its own IFC Court and International Arbitration Centre for dispute resolution .

• The enabling legislation (Resolution No. 222/2025/QH15) remains effective until 2034, with a potential dedicated IFC law to follow .

Key Features & Incentives

• Permitted services: equity, bonds, fund management, derivatives, green finance, digital assets, fintech innovation, payments and more .

• Regulatory sandbox: controlled pilot mechanisms for digital assets, fintech models, digital currency, and cross-border financial services—with waivers and liability protections during testing  .

• Incentives for members:

• Liberal foreign exchange,

• Tax exemptions/reductions for qualifying projects and professionals,

• Fast-track immigration and residence,

• Preferential land leasing (up to 70 years) for priority investments  .

Timeline & Goals

Milestone Description

Legal adoption Resolution passed June 27, 2025; in effect from Sept 1, 2025 .

Interim reviews Scheduled for 2030 and 2034 before possible IFC‑specific law enactment  .

Strategic targets Da Nang aims to become a top 75 global financial hub by 2035 and top 20 by 2045  .

Benefits & Strategic Vision

• Economic impact: Expected to attract new capital flows, boost green and digital finance, and anchor Vietnam’s role in global financial markets   .

• Innovation hub: Da Nang is envisioned as a living financial ecosystem—combining sustainable finance, fintech R&D, professional services, and investor-friendly lifestyle elements   .

• International collaboration: Supported by frameworks involving TheCityUK and KPMG to align with global IFC best practices and investor expectations .

In Summary

• The Da Nang IFC, within Vietnam’s dual-city IFC model, is set to transform the city into a leading hub for green, digital and fintech finance.

• With experimental sandbox opportunities, competitive tax and regulatory incentives, and international governance structures, it’s designed to attract quality foreign investments and innovative financial services.

• Launching in September 2025, the initiative aligns with Vietnam’s long-term ambition to scale globally by the mid‑2040s.

Would you like more details on investment zones, fintech sandbox participation, or Da Nang’s infrastructure strategy?