DMCC to establish Financial Centre in Dubai to support trade, fintech and digital assets

DMCC has wrapped up a trade roadshow in Vietnam and announced plans to build a new Financial Centre in Dubai aimed at enhancing trade finance, fintech development and digital asset activity for its 26,000 members.

The Vietnam tour, held in Ho Chi Minh City and Hanoi, underscored growing commercial links between the UAE and Southeast Asia and reinforced Dubai's widening role as a global business and innovation hub.

Following the recent rollout of the DMCC Wealth Hub, the proposed Financial Centre will act as the ecosystem's financial core. It is expected to assemble banks, fintech firms, accelerators and investors into a single connected community to bridge conventional and digital finance and broaden access to international capital.

Officials have indicated more information will be revealed at the Dubai Precious Metals Conference in November, reflecting DMCC's evolution from a commodities-focused zone into a more diversified finance-centred platform.

The announcement follows the UAE–Vietnam Comprehensive Economic Partnership Agreement (CEPA), signed last October. Bilateral non-oil trade climbed to USD 7.02 billion in the first half of 2025, a 16.9% year-on-year rise, aided by CEPA measures that remove over 98% of tariffs and encourage cooperation across agri-food, manufacturing and technology sectors.

Analysts expect non-oil trade between the two countries to continue rising toward a USD 20 billion target in coming years. DMCC already hosts more than 670 Southeast Asian companies, with a growing Vietnamese presence using Dubai as a regional and global gateway.

At the Vietnam sessions, over 550 business leaders were briefed on how DMCC and Dubai can serve as platforms for overseas expansion. Discussion topics included agri-commodities, artificial intelligence and digital infrastructure opportunities.

DMCC remains central to Dubai's trade strategy, housing firms from more than 180 countries and accounting for roughly 15% of Dubai's foreign direct investment inflows. Its Made For Trade Live outreach continues to deepen commercial ties across key markets.

As Dubai consolidates its status as an international business centre, DMCC's new Financial Centre is positioned to reshape how trade and finance interact, driving connectivity, innovation and economic growth from the city.