Topic: international financial center

The resolution encourages the attraction of capital, technologies, high-quality human resources, and infrastructure development to the center.

Under the resolution adopted by the National Assembly on June 27, an international financial center will be developed in both Ho Chi Minh City and Da Nang, following a unified model for operation, supervision, and governance.

The center must be a “free and equal playing field", according to the Prime Minister.

Vietnam should build a multi-hub financial system - positioning Da Nang as an innovation testbed and green finance complement to Ho Chi Minh City.

It is expected that during the ongoing 9th session, the 15th National Assembly will discuss and pass the draft Resolution on the International Financial Center in Vietnam.

Vietnam advances plans for a unified international financial center operating across both Da Nang and Ho Chi Minh City.

The center is envisioned to become a hub for innovation, green finance, and sustainable investment in the Asia-Pacific region.

PM Pham Minh Chinh stressed the importance of fostering public-private partnerships, mobilizing resources from businesses and the public, and building an advanced financial center.

The financial center is projected to cover 9.2ha of Function Zone 1 in Thu Thiem New Urban Area

The city not only preparing the land but also offering significant tax incentives to attract investors.