The Government will develop financial instruments and facilities, including financial centers in Ho Chi Minh City and Da Nang, to attract medium and long-term investment capital.
Prime Minister Le Minh Hung called for Vietnam and Cuba to regularly review and promote the implementation of high-level agreements, promptly resolve obstacles, and create favorable conditions for Vietnamese businesses to cooperate and invest in Cuba.
If approved, the total investment for the entire section will rise to over VND9.4 trillion (nearly $362 million), with the implementation period projected for 2026–2028.
The proposed mechanism is not a "legal vacuum" but a controlled legal testing environment where new financial models can operate within limited time, space, and participation.
Once fully operational, the project is expected to effectively prevent tidal flooding and provide a robust response to climate change for the city’s central areas.