Put the international financial center into operation by the end of 2025.
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 (IFC) 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 market, ensuring synchronization, transparency, and systematicity, with specific and 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, etc.) 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 seamless connectivity.
Building a modern financial ecosystem
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 market. Strive to initially form an ecosystem of support services (legal, auditing, technology...) that meet international standards in Ho Chi Minh City and Da Nang City by 2025.
Establish an effective coordination and monitoring mechanism: Complete the management and operation apparatus of the International Trade Center to ensure clear assignment of people, tasks, time, products, responsibilities, and authorities 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 to December 2025. The task groups include:
2. Developing strategic infrastructure and urban space for the International Trade Center: Developing space, accelerating infrastructure construction progress; soft infrastructure component.
Regarding space development, speeding up the progress of infrastructure construction,
Regarding the soft infrastructure component, Ho Chi Minh City: (i) Complete the energy telecommunications infrastructure in Saigon Ward and Ben Thanh Ward, ensuring technical conditions for serving digital transactions, fintech, and digital banking activities; accelerate 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; (ii) Invest in digital infrastructure in the Thu Thiem area identified as the International Financial Center.
3. Developing priority financial services, markets and products: Implementing controlled experimental financial policies for financial services applying technology (Fintech) and innovation; expanding and upgrading the commodity trading market; developing high-quality financial products and services; incentive mechanisms, attracting investment
4. Developing human resources and ecosystems to support the international financial center: Developing infrastructure and markets while focusing on building a high-quality workforce and a favorable business environment to serve the financial center such as: Training and attracting high-quality financial human resources; developing an ecosystem of innovation and financial technology; ensuring security, order and an attractive living environment.
5. Organize working groups to survey international experience in TTTC.
6. Mechanism for coordination, monitoring and supervision of implementation.
Prime Minister requested Ministers, Heads of ministerial-level agencies, Heads of Government agencies, Chairmen of the People's Committees of Ho Chi Minh City and Da Nang City shall, based on the content of the Action Plan, develop detailed plans for their units and organize effective implementation; closely follow the implementation process of assigned tasks, ensuring progress and quality; promptly detect difficulties, obstacles and arising issues for handling according to authority or reporting to competent authorities for handling.
Phuong Nhi
Source: https://baochinhphu.vn/dua-trung-tam-tai-chinh-quoc-te-vao-hoat-dong-cuoi-nam-2025-102250801164405491.htm
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