Prime Minister Pham Minh Chinh on December 18 signed Decision 2755/QD-TTg on establishing the Executive Council of Vietnam’s International Financial Center, headed by Permanent Deputy Prime Minister Nguyen Hoa Binh.
Under the decision, the council is tasked with setting development strategies, roadmaps, and plans for the International Financial Centre, based on the current conditions and potential of Ho Chi Minh City and central Da Nang city, where the center is headquartered.
It will issue operating regulations, coordinate between the two cities, and advise on appointments of the center’ executive heads.
An advisory council comprising domestic and international financial and legal experts will also be formed to support policy design and development.
The Executive Council will regularly monitor the construction, operation and development of the International Financial Center to ensure its efficiency, contributing to raising its position in the global financial system.
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