Vietnam approves plans for international financial centre amid US trade pressure


The centres will operate under unified management, with Ho Chi Minh City focusing on capital, banking, and currency markets, and Danang. - Photo: Vietnam News/ANN

HANOI (Reuters): Vietnam's lawmakers approved a plan to establish international financial centres in Ho Chi Minh City and Danang to attract investment and strengthen its global financial standing as economic uncertainties rise.

The centres will operate under unified management, with Ho Chi Minh City focusing on capital, banking, and currency markets, and Danang on sustainable and green finance, leveraging its strategic location near East-West economic corridors, the government said in a statement.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Jail for former pre-school employees who covered up cook’s sexual assault of two-year-old girl in Singapore
Bitter cold to grip South Korea from Jan 20 onward
Cambodian displacement crisis enters prolonged phase; tens of thousands unable to return home
Bangkok PM2.5: Chatuchak highest as pollution levels raise health concerns
Foreign tourist wraps bananas around body to feed wild monkeys in Danang, Vietnam
Missing Indonesian hiker found dead on Mt Slamet
Electronics and shrimp: Analysts cautious despite India’s export growth to China
Australia parliament returns with moment of silence for Bondi mass shooting victims
World markets jolted, dollar dips as Trump vows tariffs on Europe over Greenland
Oil prices steady as ebbing Iranian protests lower chance of US attack

Others Also Read