HCMC
Vietnam Taps Singapore to Close MSCI Demand Gap
MoF Minister Ngo Van Tuan and MAS Managing Director Chia Der Jiun agreed May 29 to explore depositary receipts and share Singapore's institutional investor playbook — targeting MSCI, not just FTSE.
Vietnam Private Capital Hits $4.5B Record as Exits Stall
Vietnam deployed $4.5B in private capital across 149 deals in 2025 — yet no VC or PE-backed company has exited via IPO in over five years.
Vietnam's FTSE Upgrade Hits Supply Wall, SSC Chair Says
FTSE EM inclusion starts September 21, 2026 — but fewer than 20 FDI firms list on HOSE/HNX and SOE free-floats sit at 1–10%, threatening actual capital inflows.
HDBank Q1 2026: The CAR Improvement That Makes the Green Bond Real
HDBank's CAR rose 184 bps to 16.16% in Q1 2026 — the capital metric underpinning Moody's 'Positive' outlook and a $300M green bond pipeline.
Decree 145/2026: How Vietnam's Market Infrastructure Gets Financially Governed — and Why Carbon Credits Are Now Part of It
Decree 145/2026, effective 22 June 2026, rewrites the financial management rules for VNX and VSDC — and adds carbon credit clearing to VSDC's statutory mandate.
LPBank Becomes the Eighth Bank to Approve a VIFC Subsidiary — and the First to Name Digital Assets
LPBank's 28 April AGM unanimously approved a VIFC subsidiary — the eighth in 2026 — and the first to explicitly cite digital asset management as a target service.
HDBank, the LSE, and the VIFC: How Vietnam's London Capital Markets Corridor Actually Works
HDBank's LSE partnership creates a named pathway for Vietnamese firms to access London capital markets. Three corporates are already onboard.
Vietnam Property Tax Reform: What the 2026 Roadmap Means for Real Estate Investors
Vietnam's property tax reform is moving on two tracks: a near-term amendment to the Non-Agricultural Land Use Tax Law for October 2026, and a longer-horizon Property Tax Law aimed at curbing speculation.
Vietnam Bill Opens SME Loans to Digital-Asset Collateral
Vietnam's MoF draft SME law would recognise digital assets as loan collateral — a first for mainstream banking, with a July 2027 target date.
SBV–RBI MoU Opens India Corridor for the VIFC
The SBV–RBI MoU signed 5 May 2026 targets QR code retail payment linkages — not full UPI interoperability — but opens a corridor unlike any other the VIFC has.
Resolution 05's RWA Issuance Framework: The Compliance Checklist for Tokenized Asset Issuers
Resolution 05/2025 lets Vietnamese LLCs tokenize real-world assets for foreign investors — here is every issuer obligation, from Form No. 01 to 10-year data retention.
Decree 94's P2P Sandbox: The Foreign Ownership Bar and What It Means for VIFC Firms
Decree 94/2025/ND-CP bars foreign-owned enterprises from Vietnam's P2P lending sandbox — and the term 'foreign-owned' remains undefined, raising EVFTA and CPTPP treaty questions.
IMFE Launch Targets Vietnam's $6–8B Maritime-Finance Leakage
VIFC-HCMC launched the IMFE on May 21 with Gemadept as founding lead — a three-phase platform targeting the $6–8B in maritime financial value Vietnam loses offshore annually.
AAFH Deal Stack: High Ridge Aviation, 44 Aircraft, and What the $6.1B Actually Represents
High Ridge Aviation — PIMCO's JV, not PIMCO itself — holds the Vietjet financing deal. The Pratt & Whitney agreement covers exactly 44 A321NEO and A321XLR aircraft.
Circular 09 Updates Custody Rules for SBV Repos and OMOs
Circular 09/2026/TT-NHNN, effective July 4, takes effect just as VIFC subsidiary banks go live — here is what compliance and treasury teams must act on.
SBV's Draft Circular on FDI Forex: Pre-IRC Accounts and the First IFC-to-Mainland Capital Category
SBV's draft replacement for Circular 06/2019 lets foreign investors open capital accounts before IRC approval and creates the first explicit regulatory category for IFC-to-mainland capital flows.
No More Forced VND Conversion: What Circular 72 Actually Means for Inbound Capital
Circular 72 abolished Vietnam's mandatory VND conversion for VIFC-bound foreign capital — here is what that means in practice for foreign LPs and asset managers.
Singapore Backs VIFC Commercial Court in May 29 MOU
Singapore and Vietnam signed an MOU on 29 May 2026 to jointly develop the VIFC Specialised Commercial Court — the first bilateral partnership to operationalise Law 150's judicial framework.
VIFC Posts 38 Members in First Institutional Scoreboard
Vietnam's MoF disclosed 38 formal VIFC registrations across both nodes on May 25 — the first official membership count, against 'hundreds' of expressions of interest.
Decree 329's AA- Floor Is Blocking JPMorgan, MUFG, and Bank of America from the VIFC
Decree 329 requires AA-/Aa3 credit ratings for foreign bank VIFC licences — a threshold that blocks JPMorgan, MUFG, Bank of China, and over 10 other named institutions.
VIFC's Eight Implementing Decrees: A Practitioner's Reference Map
All eight VIFC implementing decrees (323–330) were enacted on 18 December 2025. Here is the practitioner's reference map.
HCMC's Davos Playbook: The On-Chain Partnerships Behind the Headlines
HCMC's Davos delegation signed two on-chain MoUs and studied Lugano's crypto-city model. Here is what each engagement actually involved.
VIFC-HCMC's Growth Engine Architecture: What the Strategic Positioning Actually Means for International Firms
Vietnam's VIFC is designed as economic infrastructure, not a standalone marketplace. What $9 billion in early commitments reveals.
Decree 323 Explained: How Vietnam's VIFC Will Actually Be Governed
The 'one centre, two locations' model, 17 priority sectors, and who controls what — Decree 323 decoded for financial institutions and legal teams planning VIFC entry.
VIFC Personal Income Tax Exemption: What Finance Professionals Actually Keep Until 2030
Decree 324/2025/ND-CP, in force since 18 December 2025, exempts qualifying VIFC professionals from PIT on employment income until end of 2030.
Living in Ho Chi Minh City: Expat Guide for VIFC Finance Professionals
A practical guide to living in Ho Chi Minh City, Vietnam — neighborhoods, housing costs, international schools, healthcare, transport, and what to expect relocating to the VIFC's main financial hub.
Moving to Vietnam: Visas, Work Permits, Banking & Practical Essentials
Vietnam visas, work permits, banking, housing, international schools, and cost of living — everything a finance professional relocating to Ho Chi Minh City or Da Nang for the VIFC needs to know.