This was affirmed by Prime Minister Pham Minh Chinh at the Conference on implementing the National Assembly 's Resolution on the International Financial Center in Vietnam held on the morning of August 2 in Ho Chi Minh City.
Also attending were Politburo members: Permanent Deputy Prime Minister Nguyen Hoa Binh ; Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen; along with Party Central Committee members, leaders of ministries, branches, central agencies, leaders of Ho Chi Minh City, Da Nang City, representatives of foreign diplomatic agencies, domestic and foreign enterprises and investors.
Resolution No. 222 on the International Financial Center in Vietnam was issued by the National Assembly on June 27, 2025, and will take effect from September 1.
Ho Chi Minh City prepares about 10 hectares of land in Thu Thiem Urban Area to build an international financial center.
To implement this Resolution, the Prime Minister has just issued an Action Plan to develop an International Financial Center in Vietnam. The goal is to establish and put into operation an International Financial Center in Ho Chi Minh City and Da Nang City by the end of 2025.
Simulated image of Vietnam International Financial Center in Ho Chi Minh City
The National Assembly passed Resolution 222 on the establishment of the International Financial Center.
On this occasion, the Steering Committee on the International Financial Center in Vietnam, headed by Prime Minister Pham Minh Chinh, was officially launched under Decision No. 1646 dated August 1, 2025 of the Prime Minister. The Steering Committee has 5 Deputy Heads, and 14 members who are leaders of ministries, branches, Ho Chi Minh City and Da Nang City.
Launching the Steering Committee on the International Financial Center in Vietnam
Roadmap for building International Financial Centers in Ho Chi Minh City and Da Nang
In his concluding remarks at the Conference, Prime Minister Pham Minh Chinh emphasized that the construction of an international financial center is a new, difficult, sensitive and unprecedented issue for Vietnam, but we cannot wait for all conditions to be met before doing it. We must do it, learn from it, and gain experience, not be perfectionist, not hasty, but develop quickly and sustainably. In which, institutions are the pioneer, infrastructure is the foundation, and human resources are the key.
"We do not develop an international financial center just to welcome investors, but must proactively lead a new financial model, create space for the development of emerging industries, create motivation and inspiration for investors, who together create a development future for Ho Chi Minh City, Da Nang City and Vietnam, contributing to the common development of the region and the world, bringing fairness and progress to everyone," Prime Minister Pham Minh Chinh emphasized.
The Prime Minister noted that the International Financial Center is a place that operates on market principles, international competition, publicity, transparency, fairness, but at the same time must ensure the requirements of national governance, financial and monetary sovereignty and safety for investors. The International Financial Center in Vietnam will not only be a place for purely financial transactions, but also a place where capital, people, technology, culture, laws and progressive, creative and innovative ideas converge in the new era, the era of rising up of a rich, civilized, prosperous and prosperous Vietnam.
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Source: https://htv.com.vn/cong-bo-nghi-quyet-cua-quoc-hoi-ve-trung-tam-tai-chinh-quoc-te-tai-viet-nam-222250803105652385.htm
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