Hanoi, May 1 -- Hanoi (VNA) - Vietnam's decision to establish a Vietnam International Financial Centre (VIFC) in Ho Chi Minh City and Da Nang marks not merely an economic project, but a significant shift in institutional reform thinking, according to Do Gia Thang, Secretary-General of the Vietnam Business Association in Australia (VBAA) and Chairman of the Vietnam-Australia Young Entrepreneurs Club. This is an inevitable step for the country to move beyond the "middle-income trap", and shift its growth model from processing and manufacturing toward capital flow management, financial services, and higher value-added services. With the National Assembly's adoption of Resolution No. 222/2025/QH15 on the VIFC, establishing special mechanisms ...