VIFC entry-readiness checklist

Use this checklist to organise primary-text review and questions for qualified advisers or the competent authority.

1. Establish the route

• [ ] Identify the legal entity that would become the Member.
• [ ] Identify whether the entity operates in banking, securities, or insurance, then read the sector-specific provisions in Resolution 222 Arts. 10.4–10.6.
• [ ] For a bank, cross-check Resolution 222 Art. 17.1 for the permitted presence forms, and Art. 11.1(dd): the establishment-and-operation licence serves as the Member-registration certificate for the stated finance/banking case. Securities and insurance applicants likewise use the limited-liability-company and sector-licence routes in Arts. 10.5–10.6.
• [ ] If the entity is already present in the Center, check whether it falls within a recognition class in Resolution 222 Art. 10.2: the qualifying Fortune Global 500/direct-parent class, or a financial institution among the top ten domestic enterprises by charter capital in its sector. Banking, securities, and insurance are excluded from both recognition classes.
• [ ] For the general registration procedure, consult Decree 324 Art. 4.1–4.2: an investor seeking to register a legal entity as a Member submits a member-registration dossier to the Executive Agency.

Published timing: Decision 05 Annex I provides a two-working-day completeness check, a seven-day registration-certificate period from receipt of a complete and valid dossier, and a five-working-day recognition period after a complete recognition dossier. Decree 324 Art. 4.2(c) separately states a seven-working-day statutory registration period after receipt of the dossier. Which trigger and current procedure the Executive Agency applies to a concrete filing remains to be confirmed.

2. Prepare the dossier in the stated language

• [ ] Prepare the relevant dossier in English with a Vietnamese translation.
• [ ] Where the applicant is a foreign organisation, identify its enterprise-registration equivalent and legal-status documents and confirm the applicable consular-legalization treatment.
• [ ] Confirm the current form and the translation-certification or notarisation detail for the concrete applicant.
• [ ] Choose the stated filing channel: direct filing at the city Executive Agency, postal service, or the Membership Registration and Recognition System.

Decision 05 Annexes I–II establish English accompanied by a Vietnamese translation. Annex II expressly subjects a foreign organisation's enterprise-registration equivalent and legal-status documentation to consular legalization. Do not treat an English-only filing as established, and confirm the document-specific formality before filing.

3. Map the evidence to the published criteria

For the route for sectors outside finance and banking, Decision 05 Annex II sets out a general criteria/evidence framework. Resolution 222 Arts. 10.4–10.6 set separate routes for banks, securities-sector investors, and insurers. Record the evidence available for:

• [ ] legal status, ownership/control transparency, beneficial ownership, and the legal or authorised representative documents listed for the dossier;
• [ ] head office;
• [ ] minimum financial capacity for membership registration and charter-capital contribution, supported by an explanation and at least one listed evidence item;
• [ ] reputation and capability / Fit and Proper commitments, together with qualification and experience evidence for relevant management or executive personnel; and
• [ ] business-line fit with the Center's orientations and priority sectors.

For financial capacity, Annex II lists evidence such as audited financial statements for the two most recent years, parent-company support, financial-institution support, a financial-capacity guarantee, or other financial-capacity evidence.

The Annex II financial-capacity criterion requires an explanation and at least one listed evidence item; use the listed evidence categories when preparing the dossier. Decision 05 provides for the city Executive Agency to check completeness and issue a registration certificate or written refusal for the Annex I route.

4. Anchor the activity in the Da Nang orientation

• [ ] State the concrete activity in plain language.
• [ ] Identify a textual anchor in Decree 323 Art. 3.4(b) where possible. The Da Nang orientation includes innovation, digital technology, sustainable finance, controlled testing of new financial models, deployment and expansion of digital-asset products, digital payments, specialised trading platforms and exchanges, supply-chain finance, third-party services, and non-deposit-taking lending.
• [ ] If the activity is adjacent rather than expressly named, ask the city Executive Agency how it applies the activity-fit criterion.

5. Confirm the head-office and licence position

• [ ] Identify the proposed head office inside the International Financial Center.
• [ ] Gather the required lease, right-to-use, or other premises evidence.
• [ ] Check whether the activity is in a conditional business line or a finance/banking sector.
• [ ] Identify the required operation or eligibility licence before operations begin.

Decree 324 Art. 4.7 requires Members to maintain a head office in the Center throughout operation. Decision 05 Annex II repeats that requirement for the relevant route.

Membership registration does not replace an operating licence required by another regime.

6. Budget for continuing obligations

• [ ] Review Resolution 222 Art. 12 for ongoing Member obligations.
• [ ] Review Art. 11.1(e) for the available IAS/IFRS and listed accounting-framework choices.

7. Complete the post-registration capital step — sectors outside finance and banking

• [ ] Within 90 days after receiving the member-registration and enterprise-registration certificates, report and attach evidence that the charter-capital contribution has been completed.

For the Annex II route for sectors outside finance and banking, Decision 05 treats a failure to make this report as failure to satisfy the financial-capacity standard and points to the Decree 324 membership-termination consequence. For a member bank, the applicable sector route remains to be confirmed with the competent authority.

8. Put the unresolved questions in writing

Ask the competent city Executive Agency for:

1. the applicable route and current forms;
2. the implementation guidance for the relevant criteria/evidence;
3. the evidence required for the proposed head-office arrangement;
4. the regulator and licence route for the concrete activity;
5. the translation format or certification detail; and
6. the current fee schedule, legal basis, payer, payment timing, and payment channel.

Decision 05 provides for the city agencies to submit proposed membership fees and fee schedules to the competent authority. It does not supply a fee amount in the signed pages reviewed here. The current fee schedule, legal basis, payer, payment timing, and payment channel remain to be confirmed.

Method

Primary-text review for this page: 11 August 2026. Decision 05/QĐ-HĐĐHTTTC was retrieved from the Government Portal's signed-PDF attachment, hashed, OCR'd as a Vietnamese reading derivative, and visually checked on its operative, procedure, and Annex II pages. Resolution 222 and Decrees 323–324 were checked against the corpus's English reading copies. Decision 05 claims were checked against its signed Vietnamese PDF. Resolution 222 claims rely on the available English reading copy; the Vietnamese signed National Assembly original is not held locally in this corpus.

Research and operational planning only. Not legal, tax, immigration, securities, investment, banking, payments, digital-asset, licensing, accounting, labor, or regulated financial advice. Describing a procedure is not advising on it. Formal decisions should be reviewed by qualified professionals in the relevant jurisdiction.