In his recent official dispatch, Prime Minister Pham Minh Chinh urged relevant authorities to accelerate efforts to launch international financial center (IFC) this November, according to a report from the Government News.
The relevant stakeholders include the ministers of Finance, Public Security, Industry and Trade, Agriculture and Environment, Home Affairs, and Justice, the Governor of the State Bank of Vietnam, 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 Vietnam, other relevant government officials, and 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 Vietnam, 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 forward 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.
Vietnam’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.
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