Ho Chi Minh City People’s Committee: Urgently define and strategize the development of the International Financial Center
The announcement clearly states that the Deputy Prime Minister highly appreciates the Ho Chi Minh City Party Committee’s early recognition of the importance of establishing an International Financial Center in Vietnam for the socio-economic development of the country and the city. The Committee has taken proactive steps by issuing a resolution on the implementation of the project, forming a steering committee, and making necessary preparations. They have also actively coordinated and provided valuable input for the draft resolution of the National Assembly on the establishment of the International Financial Center in Vietnam.
The Deputy Prime Minister requests that the Ho Chi Minh City People’s Committee closely coordinate with the Ministry of Finance and relevant ministries and agencies to urgently define and strategize the development of the International Financial Center. This includes concretizing the policies outlined in the draft resolution, identifying a unique and differentiated path, determining areas of focus, and leveraging the city’s specific comparative advantages. Alongside general policies, the city should take the initiative to propose breakthrough and outstanding policies unique to Ho Chi Minh City, ensuring the successful establishment of the International Financial Center in accordance with the conclusion of the Politburo in Document No. 14719-CV/VPTW dated May 6, 2025.
At the same time, it is crucial to expeditiously build and prepare the necessary resources, infrastructure, and facilities to serve the International Financial Center in Vietnam, with a clear and early formation of planning associated with the city’s development spaces.
Additionally, focus on establishing a competent personnel apparatus, organizational structure, and management team with specific human resources. Prioritize highly skilled, fluent in foreign languages, and experienced individuals in the fields of finance, banking, technology, insurance, and investment funds. Proactively reach out to international financial centers to send the city’s personnel for training.
The $3.5 Billion Rail Link Between Ho Chi Minh City and Long Thanh Airport: Racing Ahead with Real Estate Projects Along the New Route
“Ho Chi Minh City’s transport plan includes three railway lines serving the Tan Son Nhat and Long Thanh airports: the metro lines 2 and 6, and the Thu Thiem-Long Thanh railway.”
Why is Real Estate in Bac Giang Still ‘Red Hot’?
The dust has settled on the merger, and while the real estate market in many localities has cooled, land prices in Bac Giang continue to soar. This northern province has seen a consistent upward trajectory in land values since the start of the year, even as other areas experience a slowdown.
The Grand Ho Tram Launches Construction on New 35-Hectare Phase
The Grand Ho Tram reaches a pivotal moment with the groundbreaking ceremony of its new 35-ha expansion. This momentous occasion marks a strategic milestone in the journey towards developing a world-class, integrated tourism complex in Vietnam.
Tomorrow’s Stock Market Outlook: Potential for Increased Profit-Taking Pressure
The VN Index witnessed a volatile trading session on May 15, facing profit-taking pressures from large-cap stocks.
Billionaire Investors Lose Big on Peripheral Land ‘Surfing’
Spending millions on auction land in the outskirts with the hope of selling it at a premium, many investors are now forced to cut their losses and offload their investments before the payment deadline, with some even forfeiting their deposits as the speculative wave subsides.
