17/10/2026
🔹[LAWYERS AND OPPORTUNITIES FROM THE INTERNATIONAL FINANCIAL CENTER IN DA NANG]🔹
✅ Vietnam is in the process of establishing international financial centers in Da Nang and Ho Chi Minh City. Among these, Da Nang is expected to pioneer new financial models such as digital assets, cryptocurrencies, digital payment and remittance solutions, as well as allow the creation of new exchanges and trading platforms.
On September 24, during his working trip to the UAE, Permanent Deputy Prime Minister Nguyen Hoa Binh met with the CEO of Binance—the world’s leading digital asset trading platform. The Deputy Prime Minister invited Binance to establish an office in Da Nang and to cooperate with Vietnam’s International Financial Center in launching a digital asset exchange; at the same time, he invited Binance CEO Richard Teng to serve as a senior advisor for the construction and development of Vietnam’s international financial centers. Mr. Teng agreed to share his experience and collaborate to develop the digital asset market and international financial centers in Vietnam.
The International Financial Center (IFC) project in Da Nang is a major initiative supported by the Politburo and currently under implementation. It is expected to become a specialized national financial hub, complementing—not competing with—Ho Chi Minh City. Da Nang will serve as a driver of financial development for the Central and Central Highlands regions, while focusing on distinct niches to create differentiation. Between 2027 and 2030, the reclaimed coastal area of Da Nang Bay covering 1,500 hectares with five islands) will be developed into a new urban area with the functions of a free trade zone and an international financial center. In addition, a 1.4-hectare satellite zone adjacent to Software Park No. 2 will serve training and fintech testing needs. The An Don Financial District (about 62 hectares) has also been designated for development in this same period. The Da Nang IFC will focus on areas such as green finance, trade finance, offshore financial services (for non-resident organizations and individuals), and the promotion of cross-border trade linked to high-tech zones and open economic zones. The city will pilot new models such as digital asset trading, cryptocurrency, and digital payments, while applying advanced technologies like blockchain, artificial intelligence, cloud computing, and even quantum research to enhance capability and security. Establishing the IFC will not only strengthen Da Nang’s economic position but also create thousands of high-quality jobs, attract foreign investment, foster innovation, and improve Vietnam’s regional competitiveness. Legal services will be one of the most important components in this broader IFC landscape, opening significant opportunities for lawyers both within and beyond Da Nang.......
Please read more: https://phong-partners.com/en/lawyers-and-opportunities-from-the-international-financial-center-in-da-nang
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