Gov’t targets to launch international financial center November
VGP - Prime Minister Pham Minh Chinh has issued an official telegram urging relevant authorities to accelerate efforts to launch international financial center (IFC) this November.
Viet Nam is determined to launching international financial centers this November
The relevant stakeholders include Ministers of Finance, Public Security, Industry and Trade, Agriculture and Environment, Home Affairs, Justice, the Governor of the State Bank of Viet Nam, and the Chairmen of the People's Committees of Ho Chi Minh City and Da Nang City.
The Prime Minister called for establishing a Government Steering Committee to oversee international financial center development. The committee would include the Minister of Finance, the Governor of the State Bank of Viet Nam, other relevant government officials, and the leaders of Ho Chi Minh City and Da Nang.
The People's Committees of Ho Chi Minh City and Da Nang are tasked with coordinating closely with the Ministry of Finance, the State Bank of Viet Nam, and relevant agencies to promptly issue preferential policies and create favorable working and living conditions for international investors, covering healthcare, insurance, education, culture, and sports, to be completed by November 20, 2025. They were urged to put foward specific personnel for the Ministry of Finance's review and reporting to the Prime Minister by November 20, 2025.
The local leaders were also instructed to publicly announce preferential policies, attract investment, and leverage the strengths of Ho Chi Minh City and Da Nang, supported by the broader national framework, to create momentum for the centers' success.
Viet Nam’s planned International Financial Center is attracting growing attention from global investors seeking a transparent legal framework, diverse investment options, advanced infrastructure and a quality living environment - elements essential for the international financial center to become a trusted hub for international capital./.
