Vietnam plans to create an international financial center to attract global investors and strengthen its role in the world financial market, Finance Minister Nguyen Van Thang told parliament. The draft plan, now in its 30th version, includes tax breaks, easier rules for experts and investors, foreign currency use, and access to international funding. It also allows trading platforms for commodities, carbon credits, culture, and startups. The center will follow global financial standards and operate in Ho Chi Minh City and Danang. Foreign investment in Vietnam rose in early 2025, but U.S. tariff threats could impact growth. Vietnam, a key manufacturing hub for companies like Samsung, Intel, and Nike, hopes the center will boost its economy. The government aims to launch the financial center within this year, improving investment conditions with simpler procedures.
Pray for the success of the financial hub plan of the Vietnamese government to boost the nation’s economy. Pray for economic stability and growth in the country (The Holy Bible, Proverbs 11:14).
Pray for wise counsel for the authorities to tackle the U.S. tariff threats against Vietnam. Pray for peaceful relations between the two nations. (The Holy Bible, Proverbs 16:7).
News Source: Reuters
Image Source: Canva
