Business

VIFC-HCMC sets up advisory board with leading global experts

The advisory board will support research, provide policy advice and recommend strategic directions for the centre’s development, the VIFC-HCMC Executive Board said.

A corner of Ho Chi Minh City (Photo: VNA)
A corner of Ho Chi Minh City (Photo: VNA)

Ho Chi Minh City (VNA) - The Executive Board of the Vietnam International Financial Centre in Ho Chi Minh City (VIFC-HCMC) named a 13-member advisory board on July 12, including prominent domestic and foreign experts in finance, investment and policymaking.

Assoc. Prof. Dr. Tran Hoang Ngan, a National Assembly deputy and Chairman of the Advisory Council for Breakthrough Development at Saigon University, will chair the board. He brings years of experience in economic research and policy advisory, with a focus on macroeconomics, finance - banking, monetary policy and institutional reform.

Notably, Philip Rösler, former German Vice Chancellor and former Managing Director of the World Economic Forum (WEF), joins with expertise in international strategic cooperation, digital assets, aviation finance, and engagement with investors and financial institutions.

Former US Ambassador to Vietnam Marc Knapper also joins, bringing experience spanning diplomacy, trade, investment, Vietnam-US. relations, energy, education and international cooperation.

The board also includes senior experts who led operations at major global financial hubs, namely Stephen Glynn, former CEO of the Astana Financial Services Authority and ex-head of enforcement at the Dubai Financial Services Authority; Jeff Singer, former CEO of the Dubai International Financial Centre; and Bhaskar Dasgupta, former head of market infrastructure at Abu Dhabi Global Market.

Another notable appointee is Jochen Biedermann, Managing Director of the World Alliance of International Financial Centres, who has extensive expertise in financial centre development, fintech, digital assets, digital economy, international cooperation among financial hubs, and innovation ecosystems.

Representing investment and fintech are Don Lam, Founding Partner and CEO of VinaCapital; Chia Hock Lai, Chairman of the Responsible Fintech Institute and Co-founder and Chief Strategy Officer of Embed Financial Group Holdings; and Sam Van, Founder and CEO of SRO Partners.

Domestic members include Prof. Dr. Nguyen Khac Quoc Bao, Vice President of the University of Economics Ho Chi Minh City; Assoc. Prof. Dr. Hoang Cong Gia Khanh, Rector of the University of Economics and Law; and Dr. Luu Ngoc Hiep, Dean of the Faculty of Finance and Banking at the University of Economics & Business under the Vietnam National University, Hanoi.

The advisory board will support research, provide policy advice and recommend strategic directions for the centre’s development, the VIFC-HCMC Executive Board said.

Through regular consultations, the centre aims to build a modern, transparent and highly connected financial ecosystem capable of attracting investment, spurring innovation and lifting Vietnam’s standing in global and regional finance./.

​

VNA
#NQ 59 #Ho Chi Minh City #finance - banking Ho Chi Minh City
Follow VietnamPlus

International integration

Related News

VIFC-HCMC is positioned as a multi-functional international financial hub focusing on banking services, capital markets and international investment connectivity. (Photo: VNA)

Deputy PM urges strict risk control for VIFC rollout

Under the Government’s plan, VIFC-HCMC is positioned as a multi-functional international financial hub focusing on banking services, capital markets and international investment connectivity, while VIFC-DN is being developed into a specialised centre for fintech, digital finance and green finance.

Prime Minister Le Minh Hung speaks at the meeting on the Vietnam International Financial Centre. (Photo: VNA)

PM orders breakthrough mechanisms for VIFC in June

VIFC development still faces challenges amid a complex global environment, with financial centres worldwide competing intensely for capital. As a late entrant, Vietnam must adopt sufficiently strong mechanisms and policies to attract investors while maintaining effective oversight, controlling risks, safeguarding macroeconomic stability and ensuring sustainable growth.

See more

Amata Industrial Park in Dong Nai city (Photo: VNA)

Green shift powers investment in southeast Vietnam

The Amata Industrial Park in Dong Nai City, established 32 years ago and covering more than 500ha, is home to over 160 domestic and foreign businesses. Selected in 2020 as one of three national pilot sites for conversion into an eco-industrial park, Amata has raised its compliance with the international eco-industrial park framework from 41% to 86% in 2024, and is working towards becoming Dong Nai's first certified eco-industrial park.

At a port in Ho Chi Minh City (Photo: VNA)

Multi-channel capital mobilisation needed to achieve double-digit growth

The Ministry of Finance estimates development investment for 2026-2030 at a minimum of 38.5 quadrillion VND (1.48 trillion USD), or about 40% of GDP. The state budget is expected to provide only about 20%, or more than 7.7 quadrillion VND, leaving over 80%, or more than 30 quadrillion VND, to be raised from the broader economy. That makes expanding capital mobilisation channels beyond bank credit essential.

An aerial view of the Nhieu Loc – Thi Nghe area in Ho Chi Minh City. The southern metropolis is home to the Vietnam International Financial Centre. (Photo: VNA)

Vietnam International Financial Centre launches membership registration system

Integrated into the official Vietnam International Financial Centre portal at vifc.gov.vn, the online system for registering and recognising members provides a unified online service channel through which investors, organisations and businesses can complete procedures related to membership, from new registration and recognition to information updates and termination of membership.

At a tax office in Hung Yen province (Photo: VNA)

Finance ministry moves to cut business costs, spur growth

Tax policy is among the solutions with the most direct impact on companies. Rather than prioritising near-term revenue collection, fiscal policy is being run to help them preserve cash flow, expand production and build more sustainable revenue sources.

In the Kim Long Motor Hue factory (Photo: VNA)

Hue courts capital to turn industrial zones into growth engine

The economic and industrial zones in Hue city host more than 200 active investment projects worth over 152 trillion VND (5.84 billion USD), with 139 already operational. Since the start of 2026, they have generated about 32 trillion VND, contributed 4.2 trillion VND to the state budget and brought in 730 million USD in exports, while employing more than 46,000 workers.

An overview of a meeting between Politburo member and Secretary of the Hanoi Party Committee Tran Duc Thang and representatives of Saint Petersburg businesses. (Photo: VNA)

Saint Petersburg’s metro expertise valuable for Vietnam

As Hanoi implements its master plan with a 100-year vision, in which metro lines are identified as the backbone of the capital city’s transport network, Secretary of the municipal Party Committee Tran Duc Thang met with representatives from several Saint Petersburg companies specialising in urban rail development.

An art performance at 2026 Dak Lak Durian Festival. (Photo: VNA)

Dak Lak Durian Festival seeks to elevate Vietnam’s agricultural brand globally

Dak Lak has about 41,000ha of durian, with this year’s output estimated at nearly 500,000 tonnes. The province has 280 growing-area codes covering around 7,500ha, along with 41 packing facilities approved for export. In 2025, Dak Lak’s durian sector contributed about 1.1 billion USD to the country’s export turnover.

Delegates cut the ribbon to inaugurate the Ho Chi Minh City-Shenzhen direct air route. Photo: baodautu.vn

Vietravel Airlines launches direct Ho Chi Minh City-Shenzhen route

Vietravel Airlines' new route connects Tan Son Nhat International Airport (SGN) in Ho Chi Minh City with Shenzhen Bao'an International Airport (SZX), meeting growing demand for travel between the two markets for investment, trade, tourism and visiting relatives.

Thanks to digital transformation among local officials, Tam Dao commune of Phu Tho province has achieved an almost 100% on-time rate for processing administrative applications, helping improve public services for residents. (Photo: VNA)

Institutional reform fuels private sector's growth in Phu Tho province

The private sector is increasingly emerging as a key growth engine of the economy. To unleash its potential and ensure sustainable development, the northern province of Phu Tho is stepping up institutional and administrative reforms to cut costs, shorten procedures, and build a more transparent, business-friendly investment climate.