3 articles
Ho Chi Minh City is moving to issue municipal and project bonds through its international financial center to fund key projects. The city has approved a proposal allowing issuance and payment in Vietnamese dong or freely convertible foreign currencies. Market participants have called for a review of listing options and exchange rate hedging.
The Vietnam International Financial Center in Ho Chi Minh City is discussing yen bond issuance with Japanese financial institutions. The bonds under discussion would have terms of 5 to 10 years and a reference interest rate of about 3%. Ho Chi Minh City passed a related resolution in late October 2026 and continues to study financing options for key projects.
The Ho Chi Minh City International Financial Center is working to resolve account opening and payment obstacles to complete its first transaction in November 2026. With no member bank yet licensed to operate, it has proposed temporary assistance from existing banks while advancing bond issuance and fintech pilots.
