A corner of Ho Chi Minh City. (Photo: Hong Dat/VNA)

During a meeting with Deputy Prime Minister Nguyen Hoa Binh on the progress of the Vietnam International Finance Center in Ho Chi Minh City on the afternoon of December 9th, Dr. Truong Minh Huy Vu, Director of the Institute for Urban Development Research, stated that the city has prepared the necessary infrastructure, personnel, and investors to operate the center, with an expected opening date of December 19th.

The headquarters for the Vietnam International Finance Center in Ho Chi Minh City (executive and supervisory bodies) has been prepared by the city, divided into three phases.

Phase 1: The headquarters will be located on the 6th floor of the building at 123 Truong Dinh Street. Phase 2: The headquarters will be located at 8 Nguyen Hue Street. This building is currently undergoing renovations and is expected to be completed before the Lunar New Year 2026. Phase 3: Construction of the completed International Finance Center in the Thu Thiem area.

Regarding technical infrastructure and data, Mr. Vu said that departments are reviewing the entire system, including the city's digital infrastructure and data center system. Currently, the city has 16 data centers, some of which meet high standards and can be used for the operations of the International Finance Centre.

Regarding investors, Ho Chi Minh City stated that there are currently more than 50 investors and organizations interested in the Vietnam International Finance Center in Ho Chi Minh City, comprising four groups: infrastructure, finance, technology, and digital services.

Within the framework of the recent Autumn Economic Forum 2025, the city has officially contacted 20 investors and identified 10 partners who are ready to accompany and become founding members of the Vietnam International Finance Center in Ho Chi Minh City. It is expected that as soon as the center is launched, 10 investors will sign on to participate.

To ensure the effective operation of the International Finance Center, representatives from the Ho Chi Minh City People's Committee requested that central ministries and agencies provide support by assigning suitable experts and personnel to ensure the supervisory body operates efficiently from the outset.

Regarding the overall progress, Ms. Mai Thi Thu Van, Deputy Head of the Government Office, stated that ministries and agencies are currently focusing on finalizing eight decrees guiding the implementation of Resolution No. 222/2025/QH15 of the National Assembly on the International Finance Center in Vietnam, serving the establishment of the International Finance Center. According to the report, most of the content has been completed and is undergoing final review.

According to Ms. Mai Thi Thu Van, with the current progress, it is likely that all documents will be completed before December 19, creating the basis for putting the mechanisms into operation. After this stage, the next important task will be to establish a coordination apparatus and operating mechanism for the International Financial Center.

After listening to the reports from all parties, Deputy Prime Minister Nguyen Hoa Binh requested the Ministry of Finance to soon organize a meeting with the participation of Ho Chi Minh City and Da Nang to unify the operating model of the Vietnam International Financial Center, and at the same time review the regulations so that it can be implemented right in the first phase.

Regarding facilities, Permanent Deputy Prime Minister Nguyen Hoa Binh emphasized the need to prepare infrastructure flexibly, avoiding the situation of "working while waiting," ensuring that the Center's operations are not interrupted during the initial phase.

Regarding the issue of human resources for financial operations and supervision, the Government has determined that there are not many domestic officials who have direct experience with the International Financial Center model. Therefore, a feasible option in the initial stage is to apply international experience: the proportion of foreign human resources can dominate, then gradually decrease as the domestic team matures. Government leaders also noted the requirement to strictly comply with regulations, avoid risks in the process of signing, approving and implementing operations...

The Government strives to issue Decrees related to the International Financial Center before December 15, in order to create a legal framework and operational foundation for the center./.

According to vietnamplus.vn

Source: https://huengaynay.vn/kinh-te/thanh-pho-ho-chi-minh-du-kien-ra-mat-trung-tam-tai-chinh-quoc-te-vao-ngay-19-12-160771.html