The Prime Minister has requested the launch of the International Finance Center in Ho Chi Minh City before February 9th.

(Dan Tri Newspaper) - At the first meeting of the Steering Committee for the International Finance Center, the Prime Minister requested Ho Chi Minh City to urgently complete the institutional framework, infrastructure, and personnel to launch this center no later than February 9th.

On January 16, Prime Minister Pham Minh Chinh , Head of the Steering Committee for the International Finance Centre in Vietnam, chaired the first meeting.

Concluding the meeting, Prime Minister Pham Minh Chinh emphasized that Vietnam, though lagging behind, must selectively inherit the best practices from around the world and achieve success and effectiveness. Therefore, the chairmen of the People's Committees of Ho Chi Minh City and Da Nang must assign a vice-chairman of the People's Committee to be in charge of this matter.

According to the Prime Minister , implementation must proceed in parallel, not waiting until "one task is completed before starting another," simultaneously perfecting institutions, infrastructure, and recruiting personnel, and "learning while doing."

Government leaders also pointed out challenges related to competition among financial centers in the region and internationally; high-quality human resources; mechanisms for attracting international experts; and financial and technological human resources.

Furthermore, urban infrastructure, services, and living and working spaces that meet international standards require more specific plans and clearer resources; and several risk management, compliance control, data sharing, and monitoring mechanisms based on international standards need to be designed in a coordinated, bold, and proactive manner.

Therefore, in the coming period, the Prime Minister requested the Ministry of Interior to review and consult policies from other localities to submit to the Government a decree on appropriate regimes and policies. The regulations on the operation of the executive council should be issued soon.

Regarding operational technology infrastructure, the Prime Minister suggested that Ho Chi Minh City coordinate with Viettel and Da Nang City to connect operational technology infrastructure, ensuring it is "correct, sufficient, clean, functional, unified, interconnected, and for shared use."

Regarding operational personnel, there must be a support committee for the council; a system and policies for personnel recruitment must be developed; and the arrangement of the operational headquarters must be completed urgently.

Prime Minister Pham Minh Chinh, Head of the Steering Committee for the International Finance Centre in Vietnam, chaired the first meeting of the Steering Committee (Photo: VGP).

The Prime Minister emphasized that the International Finance Center in Vietnam should be officially launched in Ho Chi Minh City no later than February 9th, along with the launch of an international center and a specialized court.

The head of government noted that institutional reform should be the breakthrough, considering it the core competitive advantage. Institutions must be superior, distinctive, and in line with international practices; at the same time, they must be suitable for Vietnam's conditions, ensuring sovereignty, financial security, and data safety.

The construction of a center must be people-centered, with people as the subject, the goal, and the driving force. To have an international financial center, it must first have a team of qualified administrators, managers, experts, and financial, technological, legal, and auditing personnel with professional ethics and discipline. This requires both recruiting and training personnel, as well as hiring international experts.

According to the Prime Minister, infrastructure development is not just about transportation, electricity, and water; it also includes digital infrastructure, data, cybersecurity, data centers, transaction platforms, identification, authentication, and information interoperability and sharing.

From there, using the market and products as benchmarks, we can answer the questions: which institutions, products, markets, and customers should we attract; what value should we create for the economy; what should we contribute to growth and employment; and what should we spread for the common good?

The operational process requires a clear and mutually supportive division of roles between Ho Chi Minh City and Da Nang, avoiding internal competition, overlap, and fragmentation. The central government will provide unified direction; the locality will proactively implement; and there will be close coordination, data sharing, resource sharing, and sharing of experiences, lessons, and information. International cooperation should be promoted in a comprehensive, substantive, and effective manner.

To ensure effective implementation, the Prime Minister requested that ministries, departments, and localities proactively and decisively act with the spirit of "saying what you mean and doing what you commit to." The two cities need to implement the motto "local authorities decide, local authorities act, local authorities take responsibility," strengthen decentralization, delegation of power, allocation of resources, and proactively issue necessary mechanisms and policies.

At the same time, we will strengthen exchanges, continue to maintain and expand cooperation with domestic and international partners, including other financial centers, and promote and attract investment from corporations and investors in the financial sector, creating an ecosystem of an International Financial Center, participating in the global value chain, and ensuring monetary and financial security.

Source: https://dantri.com.vn/kinh-doanh/thu-tuong-yeu-cau-ra-mat-trung-tam-tai-chinh-quoc-te-tai-tphcm-truoc-92-20260117005003533.htm