Beyond the sandbox? Vietnam's international financial center takes shape

Vietnam's path to becoming a beacon of international finance has taken a positive step forward with the inaugural launch of the International Finance Center (IFC) on 1 September 2025. The IFC, which will operate two centers located in Ho Chi Minh City and Danang, constitutes an ambitious - and potentially transcendental - program to enhance Vietnam's global financial competitiveness and facilitate foreign investment into Vietnam.... By: Hogan Lovells