On the morning of August 2 in Ho Chi Minh City, Prime Minister Pham Minh Chinh chaired a conference to implement the National Assembly 's Resolution on the International Financial Center in Vietnam.
Speaking at the conference, Prime Minister Pham Minh Chinh assessed that this is an event of important strategic significance in attracting international investment capital flows, technology and high-quality human resources to promote economic growth and enhance national position and competitiveness.
Prime Minister Pham Minh Chinh speaks at the conference to implement the National Assembly's resolution on the International Financial Center (Photo: VGP/Nhat Bac)
The Prime Minister shared that Vietnam is entering a new era with priority given to successfully implementing two 100-year strategic goals: By 2030, the 100th anniversary of the Party's founding, Vietnam will be a developing country with modern industry and high average income; by 2045, Vietnam will be a developed country with high income.
To achieve these strategic goals, the Party, State and Government have set a growth target of over 8% in 2025, creating new determination and new momentum for double-digit growth in the coming period; while promoting the implementation of strategic breakthroughs.
To achieve the double-digit growth target, Vietnam needs many resources, including financial resources. When the country is lacking financial resources, building and developing an International Financial Center is one of the driving forces to attract financial resources, which is also a world trend, requiring practicality.
Prime Minister Pham Minh Chinh discussed with Chairman of Ho Chi Minh City People's Committee Nguyen Van Duoc about the planning of the International Financial Center (Photo: Ngoc Tan).
The Prime Minister said that the successful construction of the International Financial Center will bring strategic and comprehensive benefits, helping Vietnam expand its connection with the global financial market, thereby attracting international investment flows, while optimizing and promoting domestic resources.
In terms of national status, the International Financial Center helps enhance Vietnam's role, prestige and influence in the international arena, helping the country participate more deeply in the global value chain, supply chain and global production.
Ho Chi Minh City and Da Nang are two of the most dynamic and creative cities in the region. The successful construction and development of the International Financial Center in these two cities will create a combined strength to help the International Financial Center in Vietnam break through, affirming Vietnam's new position on the global financial map.
According to the Prime Minister, the National Assembly's issuance of Resolution 222/2025/QH15 has created the first legal framework and a solid foundation for the construction, operation and development of the International Financial Center in Vietnam. The Government has also established a Steering Committee with the task of directing, coordinating orientations and strategies to develop the International Financial Center.
The National Steering Committee on the International Financial Center in Vietnam, chaired by Prime Minister Pham Minh Chinh, was launched (Photo: Ngoc Tan).
The Prime Minister also noted many issues when building and developing Vietnam's International Financial Center, such as ensuring harmony and balance between financial freedom and sustainable financial security.
"Financial freedom is necessary, important, and fundamental to attracting creativity, inspiring, and creating resources for development, but financial security is a very basic principle that cannot be ignored," the head of government emphasized.
Regarding the key and specific tasks in the coming time, the Prime Minister requested ministries and branches to urgently develop documents guiding the National Assembly's resolution so that Ho Chi Minh City and Da Nang have a legal basis to establish an executive agency and a supervisory agency, and soon put the International Financial Center into operation.
For Ho Chi Minh City and Da Nang, the Prime Minister requested to allocate resources, prepare basic conditions and create favorable conditions for the development of International Financial Centers such as institutions, human resources, living environment, ecosystem...
According to the head of the Government, the construction of an International Financial Center is a new, difficult, sensitive and unprecedented issue for Vietnam. However, we do not wait until all conditions are met before doing it. Instead, during the implementation process, Vietnam will create conditions, build capacity, draw lessons and create a development model to be successful.
The Prime Minister affirmed his determination and vision that by 2035, the International Financial Center in Vietnam will be among the 75 world financial centers and the 25 regional financial centers.
Dantri.com.vn
Source: https://dantri.com.vn/xa-hoi/thu-tuong-trung-tam-tai-chinh-quoc-te-se-mang-lai-loi-ich-chien-luoc-20250802123850266.htm
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