Keppel joins Vietnam International Financial Centre as inaugural member

Keppel, a global asset manager and operator, has become the inaugural member of the Vietnam International Financial Centre (VIFC). This move marks the beginning of potential investment platforms to collaborate with global partners, which could mobilize up to $1 billion for real estate opportunities in Vietnam, contingent on market conditions and partner participation.

Joseph Low, Keppel's chief representative in Vietnam and president of Vietnam Real Estate, expressed his honor at being selected as the inaugural member of the VIFC. He affirmed the company's longstanding commitment to Vietnam and its confidence in the country's long-term growth potential. Low highlighted that Vietnam is an important market for Keppel, and as a global player with extensive experience in infrastructure, real estate, and connectivity, Keppel looks forward to contributing to the VIFC's growth and helping mobilize international capital into Vietnam.

Keppel has been present in Vietnam for over four decades and has established a significant presence in real estate and infrastructure. The company is now one of the largest foreign real estate investors in the country, with 30 projects and a total registered capital of over Singapore $5 billion. Through the years, Keppel has played a crucial role in Vietnam's urbanization, providing high-quality, sustainable solutions that enhance people and communities.

The VIFC, established under National Assembly Resolution No.222/2025/QH15, spans Ho Chi Minh City and Danang, offering members a specialized legal and regulatory framework for engaging international capital and financial institutions. This includes provisions for foreign-currency transactions, tax incentives for eligible projects, and international dispute-resolution mechanisms, facilitating cross-border investment and financial activities.

The development of this international financial center is seen as a significant step in strengthening Vietnam's connectivity to global markets, deepening its capital ecosystem, and attracting long-term investment.