What a VIFC Membership Certificate Establishes, and What It Does Not
Decision 05 clarifies what a VIFC membership certificate establishes, which criteria are public and which licensing questions remain separate.
Eye on Vietnam follows the country’s international financial centre and linked financial-infrastructure rules—separating what is legally in force, which procedures are published, what operating evidence is visible, and what remains unresolved.
Decision 05 clarifies what a VIFC membership certificate establishes, which criteria are public and which licensing questions remain separate.
Vietnam’s Apostille Decree took effect on 11 September 2026. It changes authentication routes, not translation, eligibility or acceptance.
Article 97 sets a non-resident FX rule for IFC member enterprises. Articles 83–98 show the account route and its boundary.
Decision 05 publishes a VIFC filing path. The real work is choosing the route and evidence.
Decree 327’s permanent-residence route applies to specified IFC-linked categories with at least three years’ continuous work and the recommender categories Article 5.2 names. Article 6.2 gives the decision to the Minister of Public Security.
This 3 August 2026 post has been superseded by a primary-source-gated explainer on VIFC membership certificates, legal entities and applicable routes.
All eight IFC decrees have published English reading copies. This updated source map distinguishes Government authority, VIFC-DN files and commercial database translations; Decision 05 is a later Operating Regulation, not one of the eight decrees.
Vietnam’s IFC framework gives Da Nang’s Executive Agency sandbox authority. It does not by itself approve a product, make membership a licence, or prove that a city-level pilot operates under the IFC.
Vietnam's IFC as it actually develops — licensing, integrations, and the gap between decree and desk. The full source register is public. Subscribing gets you the change log: a note when a decree text lands or a tracker status moves — delivered by hand for now, which is why it arrives with a name on it.