Securities Firms and Financial Institutions Accelerate Plans to Join VIFC-HCMCSelect 82 more words to run Humanizer.

Following the race among banks, the interest of securities companies and other financial institutions in VIFC-HCMC is becoming increasingly evident. The wave of participation in the international financial center is therefore not limited to the credit sector. If banks are taking the lead in preparing legal entities, positioning capital flows, and developing core financial services, securities companies, investment funds, asset management firms, fintech companies, and other institutions represent the next area of movement.

A notable signal comes from the securities sector. HSC has approved a plan to establish a wholly owned subsidiary at VIFC-HCMC, with charter capital of around VND 800 billion, in order to participate as a member. Other firms such as DNSE and HD Securities are also studying options for establishing a presence. The common trend is to proactively design a legal entity model that aligns with the new operating framework.

However, the focus is not on each individual institution, but on a broader trend: VIFC-HCMC is increasingly being viewed as an opportunity to expand into international capital markets. As financial intermediaries, securities companies can participate in brokerage, financial advisory, capital raising, investment product distribution, investor connectivity, and support for businesses seeking access to new sources of capital.

The policy framework plays a defining role in shaping this development direction. Resolution 222 expands the scope of the center’s members to include securities companies, investment funds, asset management organizations, fintech firms, and market infrastructure institutions. At the same time, the requirement to operate through a licensed legal entity creates a clear operational axis, in which the subsidiary or specialized entity model becomes a suitable choice.

On that foundation, the development orientation for new markets and trading platforms, ranging from commodities and derivatives to carbon credits and green finance, continues to expand the operating space for non-bank institutions. This is an important infrastructure pillar that, together with capital flows and standards, will help form a multi-layered financial ecosystem.

In parallel, Ho Chi Minh City has granted certificates of commitment to become members of the financial center to 15 investors and is promoting various projects related to exchanges, venture capital funds, green finance, international payments, clearing, and a sandbox for the digitization of real-world assets. These moves show that VIFC-HCMC’s appeal is spreading from banks to entities capable of adding greater depth to the ecosystem.

In this context, the participation of securities firms and other financial institutions can be seen as the next stage of expansion after banks, as well as a necessary addition to complete the structure of markets and services in a way that moves closer to international standards.