Ho Chi Minh City Financial Centre Explores Yen Bond Issuance

The Vietnam International Financial Centre in Ho Chi Minh City (VIFC-HCMC) is exploring yen bond issuance with Japanese financial institutions to expand its medium- and long-term financing channels. The parties discussed maturities of 5 to 10 years and a reference interest rate of about 3%; the issuance plan remains under study.

The core area of the international financial centre on the Thủ Thiêm Peninsula in An Khánh Ward, Ho Chi Minh City.（VietVance）

According to VIFC-HCMC, during Tô Lâm’s visit to Japan, the centre held meetings in Tokyo with Mitsubishi UFJ Financial Group (MUFG) and Mitsubishi UFJ Morgan Stanley Securities (MUMSS). They discussed the feasibility of issuing bonds through the centre and ways to raise funds from Japanese investors. The parties also exchanged views on international bond issuance and the needs of different investors.

Ho Chi Minh City is gradually developing the legal framework and other conditions needed to issue bonds through VIFC-HCMC. In late October 2026, the Ho Chi Minh City People’s Council passed a resolution on issuing municipal and project bonds at the centre, providing a basis for studying financing plans for key projects. VIFC-HCMC said developing the international bond market is one of its four strategic product priorities.

On November 9, 2026, VietinBank and MUFG Bank signed a cooperation memorandum in Tokyo to connect with international funding sources, attract investors and study financing options for key projects in Ho Chi Minh City. Priority areas for cooperation include transport infrastructure, smart cities, data centres, digital infrastructure and green finance.

Source: VietVance