VIETNAM INTERNATIONAL FINANCIAL CENTRE (VIFC-HCMC) LAUNCHES FINTECH HUB, ACCELERATING GLOBAL CAPITAL CONNECTIVITY

On April 14, the Vietnam International Financial Centre, in collaboration with the London Stock Exchange and HDBank, hosted a high-level investment forum and officially launched the Fintech Hub in Ho Chi Minh City - a shared digital financial infrastructure aimed at addressing market fragmentation, enhancing cross-border capital connectivity, and serving as a sandbox for testing new financial models.

Speaking at the event, Nguyen Cong Vinh, Vice Chairman of the Ho Chi Minh City People’s Committee, emphasized that the Fintech Hub will help the Vietnam International Financial Centre more effectively attract international investment flows.

The model operates on a Fintech Infrastructure-as-a-Service (FIaaS) framework, built on four core pillars: blockchain, digital identity, open APIs and cloud data, enabling faster deployment, cost optimization and standardized security. Applications such as asset tokenization and cross-border payments (VIFC Global QR) are expected to enhance liquidity and transaction efficiency while connecting banks, investors and businesses on a unified platform.

In parallel, a fintech investment fund with an initial size of USD 20-50 million will focus on early-stage startups, acting as a catalyst for ecosystem growth and supporting the development of an integrated value chain from infrastructure and applications to capital.

Within the forum, HDBank and the Vietnam International Financial Centre also signed cooperation agreements with the London Stock Exchange to support Vietnamese enterprises in accessing international capital markets through equity, bond issuance and other financial instruments in London. These developments suggest that the Fintech Hub is evolving beyond a standalone infrastructure project, increasingly shaping its role as a connector between Vietnam’s market and the global financial system.