Establishment of the Executive Board for the International Financial Center in Vietnam
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According to the Decision, Deputy Prime Minister Nguyen Hoa Binh will serve as the Chairman of the Executive Board.
The Vice Chairpersons of the Executive Board include: Mr. Nguyen Van Thang, Minister of Finance; Ms. Nguyen Thi Hong, Governor of the State Bank of Vietnam; Mr. Nguyen Van Duoc, Chairman of the People’s Committee of Ho Chi Minh City; and Mr. Pham Duc An, Chairman of the People’s Committee of Da Nang City.
The members of the Executive Board comprise leaders from various ministries and agencies: Mr. Nguyen Thanh Tinh, Deputy Minister of Justice; Mr. Nguyen Manh Khuong, Deputy Minister of Home Affairs; Mr. Nguyen Sinh Nhat Tan, Deputy Minister of Industry and Trade; and Mr. Nguyen Hoang Hiep, Deputy Minister of Agriculture and Environment.
Functions, Duties, and Authorities of the Executive Board
The Decision outlines that the Executive Board is responsible for formulating strategies, roadmaps, and development plans for the International Financial Center in Vietnam (hereinafter referred to as the International Financial Center), based on the conditions, potential, and development needs of the centers in Ho Chi Minh City and Da Nang City.
Additionally, the Board will issue the Operational Regulations for the International Financial Center based on proposals from the Management Agencies of the International Financial Centers in Ho Chi Minh City and Da Nang City (hereinafter referred to as the Management Agencies of the two cities). It will also provide opinions on the appointment, dismissal, and removal of the Chairpersons of these Management Agencies and resolve any issues not agreed upon between the two agencies.
An Advisory Council, comprising reputable domestic and international financial and legal experts, will be established to advise the Executive Board on the development of the International Financial Center.
The Board will regularly oversee and ensure the effective construction, operation, and development of the International Financial Center, enhancing Vietnam’s position in the global financial system and contributing positively to the country’s socio-economic development.
Periodically, and as needed, the Executive Board will report on the construction, operation, and development of the International Financial Center to propose policies and seek opinions from the Government and the Prime Minister.
– 3:30 PM, December 19, 2025
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