International Financial Center must become operational this month: Prime Minister
VGP - Prime Minister Pham Minh Chinh has requested that the International Financial Center must be put into operation in November this year.
Prime Minister Pham Minh Chinh (standing) chairs a meeting on the establishment of the Viet Nam International Financial Center, Ha Noi, November 1, 2025 - Photo: VGP
The Government chief made the request while addressing a meeting in Ha Noi on Sunday to seek recommendations from domestic and foreign experts for finalizing mechanisms and policies for the establishment of the Viet Nam International Financial Center in Viet Nam.
The center in Ho Chi Minh City, on an area of 899 hectares, will serve as a large-scale financial hub, with strong development in the stock market, bonds, banking, fund management, and listing services.
Covering an area of 300 hectares in Da Nang City, the center will focus on developing financial services related to logistics, maritime activities, free trade, and industrial-agricultural supply chains.
In preparation for the operation of the financial center, the Government established a Steering Committee for the international financial center, headed by the Prime Minister.
Regarding its organizational structure, two management agencies will be set up in each locality along with a single supervisory body and a court to handle disputes, according to the Prime Minister.
The center will operate based on digitalization and artificial intelligence (AI), ensuring high competitiveness and ability to attract development resources with professional workforce, including both domestic and foreign experts, he noted./.
