Vietnam Plans To Establish Regional And International Financial Centers

According to PANews, Vietnam's Ministry of Planning and Investment is seeking feedback on a draft resolution from the National Assembly regarding the establishment of regional and international financial centers in the country. The proposal suggests that from July 1, 2026, the trading of crypto assets and cryptocurrencies will be officially implemented within these financial centers. The draft outlines that the regional financial center will be located in Da Nang City, while the international financial center will be based in Ho Chi Minh City. Article 12 of the draft addresses monetary policy, banking, and foreign exchange management policies for the financial centers. Additionally, commercial banks are expected to adopt a digital banking model starting January 1, 2026. Article 13 of the draft discusses a controlled trial (sandbox) policy for business models applying financial technology. The Financial Center Management Committee will have the authority to license, manage, assess impacts, and manage risks related to controlled trials in financial technology activities, including platforms for trading crypto assets and cryptocurrencies. The implementation of crypto asset and cryptocurrency trading within the financial centers is set to begin on July 1, 2026.