Prime Minister Pham Minh Chinh addresses the conference on the establishment of the Vietnam International Financial Center – Photo: VGP/Nhat Bac
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Opening the conference, Prime Minister Pham Minh Chinh emphasized that in the digital era and deep global integration, the flow of capital, technology, and knowledge among nations, regions, and globally is accelerating at an unprecedented pace.
International financial centers play a crucial role in this process, serving as hubs that connect markets, drive innovation, and promote governance standards and transparency.
For Vietnam, the Prime Minister stated that establishing an International Financial Center is not only about attracting investment but also about creating new, effective mechanisms, policies, and governance models. This will help drive socio-economic development, particularly achieving an 8% economic growth rate in 2025 and double-digit growth from 2026 onward, ultimately realizing the 100-year strategic goals.
Accelerating the development and operation of the International Financial Center will enhance Vietnam’s global financial connectivity, promote future financial models (digital assets, carbon credits, derivatives, green finance, sustainable finance), and support strategic breakthroughs in institutions, human resources, infrastructure, and recent Politburo policies.
To ensure the center’s effective establishment and operation, the Prime Minister called on delegates to share international and domestic expertise, focusing on mechanisms, policies, and solutions for its successful launch. Key topics include the legal status of governing and supervisory bodies, risk management, market infrastructure, and talent development strategies.
According to the Ministry of Finance, following the Party Central Committee’s directives, the Politburo’s guidelines, and National Assembly Resolution 222/2025/QH15, the government plans to establish International Financial Centers in Ho Chi Minh City and Da Nang.
The Ho Chi Minh City center aims to become a modern, diverse financial ecosystem, offering specialized services, leveraging synergies, and fostering innovation in areas like capital markets, derivatives, asset management, green finance, and fintech.
The Da Nang center will focus on innovation and strategic technologies, providing stable, transparent services aligned with international standards. It will attract global investors, startups, and tech experts by offering a high-quality, secure, and transparent environment.
Conference delegates – Photo: VGP/Nhat Bac
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The Ho Chi Minh City center will span approximately 899 hectares, while the Da Nang center will cover around 300 hectares. Both are expected to begin operations in 2025.
– 09:55 01/11/2025
Prime Minister: International Financial Center Must Commence Operations by November
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