VIFC HCMC opens new channel for infrastructure financing
Vietnam s International Financial Centre in Ho Chi Minh City is laying the groundwork for a new capital raising channel connecting the city s vast infrastructure needs with long term domestic and international investment flows
On September 9, Vietnam's International Financial Centre in Ho Chi Minh City (VIFC-HCMC) convened an advisory session to solicit input on a proposed resolution related to the issuance of municipal and project bonds via VIFC-HCMC. Approximately 50 delegates, including officials from central agencies, local departments, and sectors, as well as major international financial institutions like the International Finance Corporation, BNP Paribas, Citibank, UOB Singapore, MB Bank, HFIC, and the Ho Chi Minh City Securities Corporation, participated in the meeting.
VIFC-HCMC Executive Agency vice chairman Nguyen Huu Huan emphasized the critical importance of introducing a new capital-raising avenue for the city, linking the high demand for infrastructure and urban development funding to long-term domestic and international capital inflows. The draft resolution's primary objective, as stated by the VIFC-HCMC executive, is to establish a novel financing channel, alleviating pressure on municipal budgets and bank credit.
Experts and financial institution representatives deliberated on five essential aspects of the draft resolution, including legal foundations, bond issuance structure, currency, maturities, interest rates, credit ratings, foreign-exchange, liquidity, risk management, and green and sustainability bond preparations. The feedback gathered during the consultation would be integrated as the VIFC-HCMC further refines the draft before submitting it to the Ho Chi Minh City People's Council for approval.
Upon completion, this legal framework will equip the city with a reliable mechanism for attracting international funding and accelerating the development of critical infrastructure projects. Since its inception in 2025, VIFC-HCMC has secured around $20 billion in capital commitments from both domestic and international investors.
As of the Global Financial Centres Index 2026, Ho Chi Minh City has climbed 11 places to rank 84th among 120 global financial centers, securing the third position in Southeast Asia.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
