Viet Nam Explores AIFC Experience: Delegation Led by Deputy Prime Minister Visits the Financial Centre
The Astana International Financial Centre (AIFC) hosted a visit by a Vietnamese delegation led by H.E. Mr. Nguyen Hoa Binh, Permanent Deputy Prime Minister of the Socialist Republic of Viet Nam. The visit focused on deepening bilateral cooperation and studying the AIFC’s experience in the context of Viet Nam International Center has just been put into operations in two locations, namely Ho Chi Minh city and Da Nang.
As part of the visit, the delegation also learned about the AIFC Expat Centre, a multifunctional “one-stop shop” designed to create comfortable conditions for entry, residence, and professional activity of foreign specialists and their family members in Kazakhstan.
The Vietnamese delegation expressed particular interest to the AIFC’s experience in developing and facilitating of a distinctive governance system, legal framework, unified financial infrastructure, capital market growth and investor protection mechanisms making Kazakhstan’s AIFC experience especially relevant.
AIFC Governor Renat Bekturov delivered a presentation for the Vietnamese delegation, providing a detailed overview of the Centre’s operations, institutional framework, and investment attraction capabilities. Particular attention was given to the legal and regulatory environment based on common law principles, the activities of the Astana International Exchange, as well as the work of the AIFC Court and the International Arbitration Centre, which ensure independent and transparent dispute resolution for investors and market participants. Nowadays, the total volume of investments attracted since the launch of the AIFC has exceeded USD 20 billion, including direct investments by Centre participants and debt capital.
As part of the visit, the delegation also learned about the AIFC Expat Centre, a multifunctional “one-stop shop” designed to create comfortable conditions for entry, residence, and professional activity of foreign specialists and their family members in Kazakhstan.
The Vietnamese delegation expressed particular interest to the AIFC’s experience in developing and facilitating of a distinctive governance system, legal framework, unified financial infrastructure, capital market growth and investor protection mechanisms making Kazakhstan’s AIFC experience especially relevant.
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“More and more countries view the creation of their own international financial centres as a strategic tool for attracting capital, fostering innovation, and strengthening their position in the global financial market. Our experience shows that the successful establishment of such a centre requires well-designed infrastructure, effective regulation, and reliable dispute resolution mechanisms. We are pleased to share the AIFC’s expertise with Viet Nam to support the development of its international financial centre”
Currently, four Vietnamese companies are registered at the AIFC: Elisoft Ltd. (IT and software development), Central Asia Holdings Limited (finance and investments in the aviation sector), Coteccons Construction KZ Ltd. (construction and infrastructure projects), and SHB.VN Mineral Exploitation Ltd. (professional, scientific, and technical activities, including geological exploration and mining).
The current visit marks a continuation of the active dialogue between Kazakhstan and Viet Nam. In May last year, the AIFC was visited by a Vietnamese delegation led by H.E. Mr. To Lam, General Secretary of the Central Committee of the Communist Party of Viet Nam. At that time, the parties confirmed their intentions to expand trade, economic, and investment cooperation, laying a solid foundation for further strengthening bilateral ties and exchanging experience in financial initiatives.
The current visit marks a continuation of the active dialogue between Kazakhstan and Viet Nam. In May last year, the AIFC was visited by a Vietnamese delegation led by H.E. Mr. To Lam, General Secretary of the Central Committee of the Communist Party of Viet Nam. At that time, the parties confirmed their intentions to expand trade, economic, and investment cooperation, laying a solid foundation for further strengthening bilateral ties and exchanging experience in financial initiatives.