Ho Chi Minh City International Financial Center Studies Yen Bond Issuance

The Vietnam International Financial Center in Ho Chi Minh City (VIFC-HCMC) is studying ways to raise funds through yen bond issuance with Japanese financial institutions, targeting Japanese investors. The parties discussed bond terms of 5 to 10 years and a reference interest rate of about 3%. The proposal aims to expand the city's sources of medium- and long-term development funding and remains under study.

The core area of Ho Chi Minh City's international financial center.（VietVance）

During the official visit to Japan by Tô Lâm in his capacity as General Secretary and State President, the center held talks in Tokyo with Mitsubishi UFJ Financial Group and Mitsubishi UFJ Morgan Stanley Securities. They discussed international bond issuance and Japanese financial institutions' experience in helping connect with international capital markets. Ho Chi Minh City State Financial Investment Company (HFIC) had previously held discussions with Japanese partners.

Ho Chi Minh City is gradually establishing the legal framework and supporting conditions needed to issue bonds through the center. In late October 2026, the city's 11th People's Council passed a resolution on issuing municipal and project bonds at the center, providing a basis for studying financing plans for key projects. The center says developing an international bond market is one of its four strategic product pillars.

On November 9, 2026, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and MUFG Bank signed a memorandum of understanding in Tokyo to connect international financial resources, attract investors and study financing plans for Ho Chi Minh City's key projects. The cooperation covers information exchange and connections between investors and projects; transport infrastructure, data centers and green finance are among the priority areas.

Source: VietVance