Strive to put the International Financial Center in Vietnam into operation in November 2025

Specifically, the Prime Minister requested the People's Committees of Ho Chi Minh City and Da Nang City to proactively coordinate closely with the Ministry of Finance , the State Bank of Vietnam and relevant agencies, according to their functions, tasks and authority, to urgently prepare facilities, technical infrastructure and necessary conditions to strive to put the International Financial Center in Vietnam into operation in November 2025; publicly announce incentive mechanisms and policies to attract investors according to the authority of each city, create momentum, create force, call for investors, promote the strength of the two cities with the common strength of the whole country.

phan-dau-dua-trung-tam-tai-chinh-quoc-te-di-vao-hoat-dong-trong-thang-11-2025.jpg — The Prime Minister requested to urgently prepare necessary conditions and strive to put the Center into operation in November 2025. **Illustration photo: Hong Dat/VNA**

The Prime Minister requested to review, carefully study, consider and consider to report to the competent authority the plan of having 1 Steering Committee to represent the Government to direct the development of the International Financial Center, with members including the Minister of Finance, Governor of the State Bank of Vietnam, some other relevant Government members, leaders of Ho Chi Minh City and Da Nang City; 1 executive agency and 2 branches in Ho Chi Minh City and Da Nang City; 1 supervisory agency to set standards and supervise in general to save resources; 1 dispute resolution agency for both locations of the Center (including specialized courts and international arbitration).

The activities of the International Financial Center must ensure the connection between the members of the Center, especially the banking and financial sectors and related agencies, to contribute to the development of the Center, while not limiting the commercial, investment and service activities in the Center.

In addition, the Prime Minister requested to research and develop a flexible and effective licensing and registration mechanism, with the most convenient and fastest administrative procedures; completely eliminate unnecessary administrative procedures; increase post-inspection, reduce pre-inspection and have effective inspection and supervision tools, associated with maximum decentralization and delegation of authority, along with reasonable and effective resource allocation.

The Prime Minister also requested the People's Committees of Ho Chi Minh City and Da Nang City to proactively coordinate closely with relevant ministries and agencies, according to their functions and tasks, to promptly issue incentive mechanisms and policies within their authority and create the most favorable working and living environment possible to attract international investors, ensuring living conditions, benefits in health, insurance, education, culture, and sports, to be completed before November 20.

In addition, select high-quality, professional personnel to work in the International Financial Center, combining domestic and foreign experts to absorb the quintessence and international intelligence into Vietnam. Create the most favorable and competitive conditions to attract experts to work in the International Financial Center.

It is known that the International Financial Center in Vietnam operates on the basis of digitalization, artificial intelligence, high competition, publicity and transparency to attract resources for development; there are no barriers with other international financial centers, no physical barriers between members in the Center, ensuring connection, communication, synchronization, mutual support and promotion for mutual development.

Source: https://baogialai.com.vn/phan-dau-cao-nhat-dua-trung-tam-tai-chinh-quoc-te-tai-viet-nam-di-vao-hoat-dong-trong-thang-11-2025-post571726.html