The Vietnamese Government Office has just issued Notification No. 227, conveying Deputy Prime Minister Nguyen Hoa Binh’s conclusions on the preparation for the construction of the International Financial Center in Vietnam.
The notification clearly states that the Deputy Prime Minister highly appreciates the Party Committee of Ho Chi Minh City for their early recognition of the importance of establishing an International Financial Center in Vietnam for the socio-economic development of the country and the city.
As a result, the City’s Party Committee promptly issued a resolution on deploying the construction of the project, established a Steering Committee, and made necessary preparations. In the past, they have proactively and actively coordinated and contributed opinions to the draft resolution of the National Assembly on the construction of the International Financial Center in Vietnam.
Deputy Prime Minister Nguyen Hoa Binh requested the People’s Committee of Ho Chi Minh City to urgently build and prepare resources, facilities, and infrastructure for the International Financial Center in Vietnam. Illustrative image |
The Deputy Prime Minister requested the People’s Committee of Ho Chi Minh City to take the initiative and closely coordinate with the Ministry of Finance and other relevant ministries and agencies to promptly determine and strategize the development of the International Financial Center.
This includes defining a unique and differentiated path, identifying key areas, and leveraging specific comparative advantages, alongside common policies. The city should also proactively propose breakthrough and outstanding policies unique to the city, ensuring the successful implementation of the International Financial Center in the city, as concluded by the Politburo.
Urgently build and prepare resources, facilities, and infrastructure for the International Financial Center in Vietnam, including early formation of clear planning associated with the city’s development spaces.
Immediately establish a personnel organization, structure, and management team with a priority on talented, highly qualified, fluent in foreign languages, and experienced individuals in the fields of finance, banking, technology, insurance, investment funds, etc.
Proactively reach out to international financial centers to send the city’s personnel for training.
MINH TRUC
– 17:22 14/05/2025
“Former Vinafood CEO Faces Prison Sentence of 5-6 Years”
The prosecution has requested that the court sentence defendant Truong Thanh Phong, the former CEO of Vinafood II, to a prison term of five to six years for violations related to the transfer of prime real estate located at 132 Ben Van Don in District 4.
The Perils of Land Investment: When ‘Holding On’ to Land Leads to Losses for Investors Amid Provincial Mergers
The real estate market has taken a turn, leaving investors who jumped on the bandwagon of provincial mergers with lost deposits and forced sales.
The Airbnb Ban: A Tale of Two Cities
“A growing number of individuals are feeling the impact of the ban on short-term rentals through Airbnb. This prohibition is stirring up strong emotions and sparking a heated debate. On one hand, there are those who feel their property rights are being trampled upon. On the other, some residents worry about the potential disruption to their neighborhoods.”
Important Information for Vietnam Airlines Passengers Traveling Through Tan Son Nhat Airport
It is imperative that passengers diligently check their airline tickets, respective airline websites, or official mobile applications for accurate departure gate information prior to heading to the airport.
“Consumer Credit in Ho Chi Minh City Sees Positive Growth”
Consumer credit outstanding in Ho Chi Minh City reached VND 1,137 trillion as of the end of March 2025, marking a 2.3% increase from the previous year’s end. This surge in consumer credit activity signifies a robust and expanding consumption demand, positively influencing production, business, trade, tourism, and service activities across the region.
