The People’s Committee of Da Na city in central Vietnam has announced the establishment of an Advisory Council tasked with developing the Vietnam International Financial Center in the city.

The 17-member council includes representatives from key ministries and agencies such as the Ministry of Finance, the Ministry of Science and Technology, and the State Bank of Vietnam, along with leading domestic and international experts in finance and technology.

The council will conduct research, provide consultation, and make recommendations to municipal leaders on development strategies, organizational structures, and operational plans for the center.

Da Nang authorities have recently issued a resolution on the project, which envisions the center as a regional hub for innovation, green finance, and sustainable investment in the Asia-Pacific.

It is also expected to serve as a financing hub for small and medium-sized enterprises (SMEs) and startups, as well as a center for digital payments and financial innovation powered by advanced technologies.