On August 28, the Danang People’s Committee coordinated with the Central Policy and Strategy Committee and the Ministry of Finance to organize the Vietnam Annual Finance Forum 2025.
Spearheading Breakthroughs
In his opening remarks at the forum, Mr. Nguyen Thanh Nghi, Head of the Central Policy and Strategy Committee, emphasized that establishing a Financial Center in Vietnam is among the important political decisions with strategic significance made by the Party and the State. Ho Chi Minh City and Danang are currently working urgently to concretize this policy.
Mr. Nguyen Thanh Nghi speaking at the forum.
Mr. Nghi highlighted that the combination of three pillars: fintech, blockchain, and semiconductors, during Danang Finance and Technology Week 2025, aims to develop Danang into a new hub for international finance, innovation, and core technology development in Vietnam and the region.
He added that, according to the strategic orientation of the Central Committee, these are spearhead sectors capable of creating breakthroughs. This will not only enhance Vietnam’s position on the international financial map but also build a modern knowledge-based economy for Danang and the country.
With the synchronous and strong participation of the entire political system, the support of the people, and the companionship of the business community and international friends, the Head of the Central Policy and Strategy Committee expressed his confidence in Danang’s ability to excellently fulfill its economic and social development tasks for the 2025-2030 term.
Forum venue.
Mr. Nguyen Van Quang, Secretary of the Danang Party Committee, shared that the city is actively coordinating with central ministries and sectors to finalize draft decrees guiding the implementation of National Assembly Resolution 222. This includes the development of a decree on the establishment of an International Financial Center in line with Resolution 57 of the Politburo on breakthrough strategies for science and technology development, innovation, and digital transformation. These efforts aim to create a conducive legal corridor to attract high-quality projects and resources for the International Financial Center.
Four Pillars for the Financial Center
Ms. Nguyen Thi Bich Ngoc, Vice Minister of Finance, stated that the National Assembly’s Resolution on the Financial Center established a two-destination center. Ho Chi Minh City will serve as the large-scale hub, while Danang will have a specialized role, with the core spirit being role differentiation and synergy without duplication.
According to Ms. Ngoc, Ho Chi Minh City will emphasize its role as a broad and deep capital market hub, focusing on stocks, bonds, banking, investment, asset management, and listing services. Meanwhile, Danang will concentrate on niche markets and supplementary services, leveraging its advantages as a coastal city with a seaport, airport, East-West Economic Corridor, and coastal industrial network.
Vice Minister of Finance, Ms. Nguyen Thi Bich Ngoc, speaking at the event.
The International Financial Center in Danang will be deeply rooted in the maritime industrial and service chain of the entire region. Ms. Ngoc suggested that, alongside the Free Trade Area, Danang needs to offer a distinct product and service portfolio to fill the gaps in Vietnam’s market.
With these four pillars, Ms. Ngoc believes that a harmonious flow of goods, data, capital, and insurance will be created, linking together an open and closed chain.
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