Ho Chi Minh City’s central business district and the Thu Thiem Peninsula, designated for the development of the International Financial Center in Ho Chi Minh City. (Photo: Hong Dat/TTXVN)
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Regarding the progress of the International Financial Center in Ho Chi Minh City, on November 20, the Ho Chi Minh City Department of Finance announced that the city is accelerating preparations to align with the government’s upcoming decree on establishing the International Financial Center in Vietnam.
Over the past period, Ho Chi Minh City has actively participated in the drafting of eight decrees led by the Ministry of Finance, providing detailed feedback through specialized meetings, written critiques, and attendance at drafting committee sessions and legal review boards of the Ministry of Justice.
The city will continue to collaborate closely to finalize the draft decrees, particularly the one establishing the International Financial Center, which serves as the core legal framework for this new model.
Alongside policy development, on-the-ground preparations are intensifying. The city has reported to the Central Steering Committee on the scope and scale of the International Financial Center, covering approximately 898 hectares, including the Saigon Ward, Ben Thanh Ward, and Thu Thiem Urban Area in An Khanh Ward.
Urban planning, technical infrastructure, and digital infrastructure are being developed concurrently. In the designated areas, the city is accelerating the completion of transportation networks, land clearance, and high-speed internet coverage across the entire zone.
The Ho Chi Minh City Department of Science and Technology is developing an electronic information portal to support the operations and promotion of the International Financial Center in Vietnam.
Human resources are also being prepared in advance. The city has dispatched officials to study best practices at leading global financial centers and organized specialized training programs on operating international financial centers. These efforts ensure the workforce is ready to operate immediately upon the legal framework’s enactment.
According to the Ho Chi Minh City Department of Finance, Da Nang is also finalizing its preparations, awaiting the decree’s issuance to proceed with the next phase.
Both cities anticipate that the International Financial Center in Vietnam will swiftly emerge as a catalyst for capital attraction, innovation, and elevating Vietnam’s financial standing in the region.
Xuan Anh
– 18:35 20/11/2025
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