Ho Chi Minh City, March 24 -- A growing number of commercial banks are moving to establish their presence at the Vietnam International Financial Centre (VIFC), seeking to capitalise on preferential mechanisms, expand operations, attract foreign capital, and enhance competitiveness amid intensive global integration.

The trend has become increasingly evident as banks roll out plans to join the centre. At its 2026 annual general meeting, Nam A Commercial Joint Stock Bank (Nam A Bank) secured shareholder approval to establish a wholly Vietnamese-owned one-member limited liability commercial bank operating at the VIFC.

The proposed entity is expected to support Nam A Bank's long-term strategy to expand international financial operations, whi...