Prime Minister Pham Minh Chinh chaired the first meeting of the Steering Committee for Vietnam’s International Financial Centre (IFC) on January 16, reviewing the implementation of the Politburo’s conclusions and directives, as well as plans to build, operate and develop the IFC in Ho Chi Minh City and Da Nang.
The meeting also examined proposals on special mechanisms and policies, working regulations of the IFC Executive Council, and operating regulations for the IFC in Vietnam.
To ensure the IFC operates effectively, it is necessary to create a comprehensive ecosystem, in which institutions are key, people are at the center, infrastructure is the foundation, governance is the breakthrough, and market confidence is a prerequisite, according to the PM.
The establishment of the IFC in Vietnam was announced on December 21, 2025. It is expected to be among the world’s top 75 financial centres and the top 25 in the Asia-Pacific region by 2035.
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