HCMC, 2 August – A delegation from the German Business Association (GBA) participated in the Conference on the Implementation of Resolution No. 222/2025/QH15 of the National Assembly on establishing the International Financial Center (IFC) in Vietnam. Chaired by Prime Minister Pham Minh Chinh, Head of the National Steering Committee for the IFC, the conference took place in Ho Chi Minh City and was virtually connected to Da Nang.
GBA was represented by Vice Chairwoman Ms. Minh Nguyen, GBA Board Members Mr. Huynh Buu Quang and Mr. Michael Wekezer; EuroCham Board Member Mr. André De Jong; GBA Corporate Partner Mr. Leif Schneider; and Executive Director Ms. Quynh Anh Le.
The IFC will be developed in Ho Chi Minh City and Da Nang, featuring state-of-the-art infrastructure and large land reserves, along with outstanding tax and foreign exchange incentives, a transparent legal framework aligned with international standards, and an ambitious target of positioning Vietnam among the Top 75 global financial centers and the Top 25 in Asia-Pacific by 2035.
PM Phạm Minh Chính stated Vietnam is entering a new era of growth, with two 100-year strategic goals for 2030 and 2045. The Government has set out an economic growth target of 8.3 – 8.5 per cent in 2025, and double-digit growth in the following years. The establishment of an IFC plays an important strategic role in attracting foreign investment, technology, and a high-quality workforce, which will boost the country’s economic development and competitiveness.
This development offers the German business community a valuable opportunity to access emerging capital markets, leverage sophisticated financial services, and conduct business in a transparent and internationally integrated environment. The IFC is expected to serve as both a growth catalyst for Vietnam and a strategic gateway to broader Southeast Asian economic cooperation.
GBA’s engagement underscores the German business community’s continued interest in and support for Vietnam’s strategic financial sector reforms, particularly in Ho Chi Minh City, the foremost economic powerhouse.
