A corner of Ho Chi Minh City. (Source: VNA)
Prime Minister Pham Minh Chinh - Head of the Steering Committee for the International Financial Center in Vietnam has just signed Decision No. 114/QD-BCDTTTC dated August 1, 2025 promulgating the Action Plan for implementing the construction of an International Financial Center in Vietnam.
The goal of the Plan 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.
This is a breakthrough in attracting medium and long-term financial resources, creating a foundation for Vietnam's socio-economic growth in the new period.
At the same time, perfect the specific legal framework for the International Financial Center, ensuring synchronization, transparency, systematization, and specific, outstanding mechanisms and policies according to the roadmap to encourage and facilitate the attraction of capital, technology, modern management methods, high-quality human resources, financial institutions, and large international investors, along with appropriate inspection, supervision, and risk management mechanisms, ensuring national financial and monetary security and safety.
Synchronously develop infrastructure and essential services (transportation, telecommunications, logistics...) in Ho Chi Minh City and Da Nang City to support the operation of the International Financial Center.
By the end of 2025, complete a number of key infrastructure projects as the foundation for the International Financial Center to ensure smooth connectivity.
The Steering Committee sets the goal of building a modern financial ecosystem: promoting new markets (commodity exchanges, carbon...), high-tech financial services (fintech, digital banking) and high-quality human resources to serve the International Financial Center; striving to initially form an ecosystem of support services (legal, auditing, technology...) meeting international standards in Ho Chi Minh City and Da Nang City by 2025.
Establish an effective coordination and supervision mechanism: perfect the management and operation apparatus of the International Financial Center to ensure clear assignment of people, tasks, time, products, responsibilities, and authority according to the direction of the Prime Minister; ensure close coordination between ministries, branches, and localities during the implementation process.
Based on the above objectives, the Implementation Plan sets out major task groups according to the implementation roadmap from July 12, 2025.
The task groups include perfecting the legal and institutional framework specific to the International Financial Center: developing Decrees guiding Resolution No. 222/2025/QH15; perfecting the management and operation apparatus of the International Financial Center.
Developing strategic infrastructure and urban space for the International Financial Center: Developing space, accelerating infrastructure construction progress; soft infrastructure component.
Regarding space development and accelerating infrastructure construction progress, Ho Chi Minh City will accelerate the preparation of facilities and infrastructure to build and develop the Financial Center in Saigon Ward, Ben Thanh Ward and Thu Thiem with a total area of about 793 hectares.
In Da Nang city, review, complete and prepare infrastructure to serve the International Financial Center.
Regarding the soft infrastructure component, Ho Chi Minh City completes the energy telecommunications infrastructure in Saigon Ward and Ben Thanh Ward, ensuring technical conditions for serving digital transactions, fintech, and digital banking activities; accelerates the deployment of 5G mobile network coverage in the International Financial Center area, the city center, administrative, medical, educational, transportation, cultural-tourism areas, and key residential and commercial areas; invests in digital infrastructure in the Thu Thiem area, which is identified as the International Financial Center.
Da Nang City invests in a system of computing servers, storage, monitoring infrastructure, and smart operations at Software Park No. 2 to serve the International Financial Center; promotes the deployment of 5G coverage in the area where the International Financial Center is being built and in Da Nang City; guides and invests in building a blockchain network in Da Nang City to serve the pilot deployment of digital asset products; continues to perfect national standards on IOT, AI, BigData, 5G, data standards.../.
(Vietnam News Agency/Vietnam+)
Source: https://www.vietnamplus.vn/dua-trung-tam-tai-chinh-quoc-te-tai-tp-ho-chi-minh-va-da-nang-vao-hoat-dong-cuoi-nam-2025-post1053277.vnp
Comment (0)