The draft Decree on the International Financial Center (TTTCQT) has just revealed unprecedented regulations.
Accordingly, the content of Chapter VI of the Draft Decree, to guide the implementation of Resolution No. 222/2025/QH15 of the National Assembly on the establishment and operation of the International Financial Center in Ho Chi Minh City and Da Nang, states that a Creative Startup Enterprise (DNKNST) will be allowed to mobilize capital from the community when it is granted a Certificate by the Central Executive Agency of the Ministry of Finance.
This capital mobilization channel is proposed to be opened to investors including organizations that are members of the International Financial Center, foreign individuals, and foreign organizations.
However, to ensure safety and control risks, the new policy proposes very specific limits. Each every every every every every employee at the Center is only able to raise a maximum of 700,000 USD per year. For foreign individual investors, the maximum investment is US$7,000 per project and the total investment capital for the year does not exceed US$14,000.
The draft also requires investors to hold shares for a minimum period of 06 months from the end of the capital mobilization period and is not allowed to transfer shares back to Vietnamese investors who are not members of the International Financial Center. Community capital mobilization periods must be at least 06 months apart.
All proposed capital calling activities must be carried out through organizations providing capital mobilization platforms that have been licensed by the International Financial Center Management Agency. The conditions for being licensed are very strict, in which this organization must be a securities trading organization that is a member of the International Financial Center and must develop a complete professional process, especially a process of preventing and combating money laundering and terrorist financing.
Regarding the process, the platform organization will appraise the business's documents within 30 days. A capital mobilization is only considered successful when a minimum of 80% of the registered capital is mobilized; if it is not achieved, the mobilization will be canceled and the entire amount will be returned to the investor.
The regulations being drafted in this draft are considered a cautious but necessary step to pilot a modern financial mechanism, creating momentum for the development of the startup ecosystem within the framework of the International Financial Center in Vietnam.
