A high-level conference was held on December 21 to announce the establishment of the International Financial Center (IFC) in Vietnam.
The event taking place at the Government Office saw the participation of Government leaders, heads of ministries, diplomatic agencies, international financial institutions, investment funds, and leading domestic and global experts.
The conference is regarded as a strategic milestone, opening a new chapter in Vietnam’s economic and financial development. It underscores the political determination of the Party and the State to elevate Vietnam’s integration into the global financial system. The conference focused on three core pillars:
First, officially announcing the legal documents that complete the institutional framework for the International Financial Center.
Second, affirming the Vietnamese Government's commitment to fostering a stable, secure, and investor-friendly financial environment.
Third, sending a clear message to the international community regarding Vietnam’s readiness to cooperate, partner, and share development opportunities.
Regarding the management apparatus, Minister of Finance Nguyen Van Thang announced that the Prime Minister signed Decision No. 2755/QD-TTg on December 18, 2025, establishing the Executive Council of the IFC in Vietnam.
According to the Decision, Permanent Deputy Prime Minister Nguyen Hoa Binh has been appointed as the Chairman of the Executive Council.
The Vice-Chairpersons include: Minister of Finance, Nguyen Van Thang; Governor of the State Bank of Vietnam, Nguyen Thi Hong; Chairman of Ho Chi Minh City People's Committee, Nguyen Van Duoc; and Chairman of Da Nang City People's Committee, Pham Duc An.
The Council also includes Deputy Ministers from the ministries of Justice, Home Affairs, Industry and Trade, and Agriculture and Environment.
The Executive Council's primary responsibilities include formulating and issuing the strategy, roadmap, and development plans for the IFC, based on a comprehensive assessment of the practical conditions and potential of both Ho Chi Minh City and Da Nang.
Furthermore, the Council will issue operational regulations for the centers in these two cities and provide oversight on personnel matters.
Notably, the Decision also mandates the establishment of an Advisory Board comprising prestigious domestic and international financial and legal experts. This board will provide strategic counsel to the Executive Council throughout the process of building and scaling the International Financial Center to meet global standards.
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