Prime Minister leads steering committee for formulating regional, international financial center project

Accordingly, Prime Minister Pham Minh Chinh is the head of the body and Minister of Planning and Investment Nguyen Chi Dung is deputy head of the Steering Committee.

Members of the steering committee includes Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc, Deputy Minister of Finance Nguyen Duc Chi, Deputy Minister of Industry and Trade Phan Thi Thang, Deputy Minister of National Defence Vu Hai San, Deputy Minister of Public Security Pham The Tung, Deputy Minister of Information and Communications Pham Duc Long, Deputy Minister of Natural Resources and Environment Tran Quy Kien, Deputy Minister of Justice Dang Hoang Oanh, Deputy Governor of the State Bank of Viet Nam Pham Tien Dung, Vice Chairman of the Office of the Government Mai Thi Thu Van.

Chairman of the HCMC People's Committee Phan Van Mai and Permanent Vice Chairman of the Da Nang People's Committee Ho Ky Minh are also members of the committee.

The steering committee, established on October 6, 2023, is responsible for assisting the Government and Prime Minister in researching, directing and coordinating to address inter-sectoral issues relating to the development of the regional and international financial center project.

Under the project, Viet Nam strives to turn the southern Ho Chi Minh City and central Da Nang city into financial centers in the Asia and the world by 2045 in a bid to create a distinct institutional area to attract international financial investors.

Viet Nam owns abundant conditions for developing a financial center. Besides maintaining stable macroeconomic and political conditions, the country is located in a favorable geographical area with high connectivity, a different time zone from the 21 largest global financial centers, strategic geopolitical positioning and an improving economic scale and financial market development./.