{
  "id": 17022308,
  "title": "VIFC-HCMC targeted to begin actual transactions in November 2026",
  "url": "https://urgent.news/2026/10/29/vifc-hcmc-targeted-to-begin-actual-transactions-in-november-2026",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-29T06:40:16.000Z",
  "source": {
    "name": "SGGP English Edition Business",
    "slug": "sggp-english-edition-business",
    "url": "https://en.sggp.org.vn/vifc-hcmc-targeted-to-begin-actual-transactions-in-november-2026-post130615.html"
  },
  "original_language": "en",
  "account": null,
  "summary": "Deputy Prime Minister Nguyen Van Thang has urged the Vietnam International Financial Center in Ho Chi Minh City (VIFC - HCMC) to begin actual transactions in November 2026, assigning ministries to resolve legal, banking, and tax bottlenecks. During a working session on October 28, representatives from various sectors raised several obstacles hindering transaction execution and foreign capital attraction. The center currently lacks member banks, while businesses require accounts to receive, transfer, and settle funds. Various proposals were made to clear these bottlenecks, including allowing businesses to use Direct Investment Capital Accounts (DICA) at banks outside the center during the transition period and refining regulations concerning investment funds, asset transfers, and tax policies.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}