Illustrative image
On June 27, 2025, the National Assembly issued Resolution No. 222 on the establishment of the International Financial Center in Vietnam. According to the Ministry of Finance’s report, in line with the directives of the Party Central Committee and the Politburo, and based on Resolution No. 222/2025/QH15 of the National Assembly, the Government is set to establish the International Financial Center, located in Ho Chi Minh City and Da Nang.
The development orientation for the International Financial Center in Ho Chi Minh City focuses on creating a diverse and modern financial ecosystem. It aims to provide specialized financial services, leveraging the synergistic effects of various financial and support services.
The Ho Chi Minh City center will develop capital markets linked to financial products, derivatives, asset management, fund management, insurance, and green financial services. It will also foster banking systems, money market products, and financial technology (fintech) innovation.
Meanwhile, the International Financial Center in Da Nang will be integrated with an innovative ecosystem and strategic technology applications. Built on a foundation of advanced technology infrastructure, it will operate transparently and in accordance with international standards. The center will provide market organization and financial services, attracting international capital, major investors, developers, startups, and global technology experts. It aims to create exceptional value through a friendly living and working environment, high-quality services, security, and transparent governance.
The Ho Chi Minh City center is expected to cover approximately 899 hectares, while the Da Nang center will span around 300 hectares. Both centers are slated to commence operations in 2025.
On July 4, during a meeting with constituents to report on the outcomes of the 9th session of the 15th National Assembly, Mr. Nguyen Van Quang, former Secretary of the Da Nang City Party Committee and current Deputy Chief Inspector of the Government Inspectorate, stated, “The National Assembly’s decision to establish the International Financial Center in both Da Nang and Ho Chi Minh City is a unique and significant policy. It holds great importance for the country’s development and demonstrates special attention to Da Nang. According to Mr. Quang, this is the first time in the world that such a financial center model has been established in two locations simultaneously.”
On November 1, at the Government Office, the Prime Minister chaired a conference on the establishment of the International Financial Center in Vietnam. The conference was connected online with hubs in the UK, the Czech Republic, Hong Kong (China), and Indonesia.
The Prime Minister emphasized that for Vietnam, building the International Financial Center is not only about attracting investment and connecting with the global financial network but also about establishing new, effective governance mechanisms and policies. This initiative aims to drive socio-economic development, particularly achieving an 8% economic growth rate in 2025 and double-digit growth from 2026 onward, ultimately realizing the nation’s 100-year strategic goals.
Concluding the conference, the Prime Minister announced the adoption of a “one center, two destinations” approach, with two operational bodies in Ho Chi Minh City and Da Nang, a unified supervisory agency, and a common court to resolve disputes. He urged relevant agencies to swiftly submit a Government Decree for approval, ensuring the center begins operations in November.
National Steering Committee Proposal to Combat Air Pollution
According to Deputy Minister of Agriculture and Environment Le Cong Thanh, the Ministry is advising the Prime Minister to establish a National Steering Committee on Air Pollution Control, particularly in the Capital Region. This initiative aims to strengthen and maximize the effectiveness of the entire political system in addressing this challenging yet urgent and essential task.
Strategic Placement of 8 Elevators Across 7 Pedestrian Overpasses at Metro Station No. 1
To enhance accessibility and convenience for residents, the Ho Chi Minh City Department of Construction has approved a project to construct and install elevators at pedestrian overpasses connected to elevated stations on Metro Line No. 1 (Bến Thành – Suối Tiên). The initiative, funded by the city’s budget, boasts a total investment of over 53.4 billion VND.
Prime Golden Land in Ho Chi Minh City’s Most Expensive District Lands Actress Truong Ngoc Anh in Legal Trouble, with Property Values Reaching Up to $34,000 per Square Meter
Nestled along the prestigious Nguyễn Thị Minh Khai axis, the land once associated with Trương Ngọc Ánh’s project commands a staggering price tag of 600 to 800 million VND per square meter, cementing its status as one of the most coveted and expensive parcels in Ho Chi Minh City.
Unprecedented Coffee Prices in Son La Region Today, November 2nd
Coffee prices are soaring today, with a notable surge in the Arabica variety, particularly in Son La, Vietnam’s largest Arabica-growing region.
Vietnam’s International Financial Center Set to Launch Operations This Month
The Prime Minister emphasized this directive while concluding the Conference on the Establishment of an International Financial Center in Vietnam, held on the morning of November 1st. The conference was conducted via teleconference, connecting participants from the UK, the Czech Republic, Hong Kong (China), and Indonesia.
