At the High-Level Financial Advisor Forum “New Era, New Momentum” on the afternoon of September 25, Deputy Minister of Finance, Mrs. Nguyen Thi Bich Ngoc, shared that the theme “New Era – New Momentum” holds immense significance and timeliness, reflecting Vietnam’s strong aspirations amidst a volatile global and regional economic and financial landscape.
Deputy Minister of Finance, Mrs. Nguyen Thi Bich Ngoc. Screenshot.
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The Deputy Minister noted that this year’s forum takes place as the global economy continues to face numerous challenges. Prolonged trade tensions, geopolitical conflicts, and instability in several nations have negatively impacted growth prospects, inflation, and the global business investment environment. International financial and monetary markets remain unpredictable, forcing major economies to loosen fiscal and monetary policies to support growth.
She emphasized, “We are living in an era of constant change, where shifts occur rapidly and are difficult to predict. This has become the new normal, requiring every nation to adopt proactive policies to adapt and chart its own course.”
Following recovery efforts, Vietnam’s economy is experiencing a robust transformation, driven by a series of reforms and strategic directives from the Party and the State.
In this context, the Government has set an ambitious growth target of 8.3-8.5% for 2025, laying the foundation for subsequent years. To achieve this goal, both fiscal and monetary policies are being managed flexibly and expansively to maximize support for economic development, innovation in growth models, and sustainable economic restructuring.
Milestones in Vietnam’s Financial Market
Deputy Minister Nguyen Thi Bich Ngoc highlighted key transformations in Vietnam’s financial market, creating momentum for the new phase:
Stock Market Upgrade: Vietnam is on the cusp of being reclassified as an emerging market, promising to attract significant international investment.
Legalization of Digital Assets: Efforts to bring digital assets under a legal framework are underway, opening up a novel and promising investment domain.
Establishment of the International Financial Center (IFC): The National Assembly has issued Resolution 222 on the establishment of International Financial Centers in Ho Chi Minh City and Da Nang. This groundbreaking legal framework positions Vietnam on the regional and global financial map. The goal is for these centers to be operational by the end of 2025.
Meanwhile, ministries and agencies are expediting the completion of 8 guiding decrees, built on principles of international compliance, offering superior incentives, and developing diverse financial products (commodity exchanges, metals, fintech…).
The Government is also accelerating the development of both hard infrastructure (transportation, telecommunications) and soft infrastructure (support service ecosystems) in Ho Chi Minh City, Da Nang, and related localities.
The ultimate goal is not only to establish modern financial hubs but, more importantly, to deeply integrate Vietnam’s financial network with the region and the world, making Vietnam an attractive destination on the international financial map.
As a state management agency, the Ministry of Finance is committed to partnering with businesses and experts to build a transparent, efficient, sustainable, and globally integrated Vietnamese financial system.
– 11:13 26/09/2025
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