Deputy PM urges full operation of international financial centre

April 25, 2026 - 00:15
Deputy PM Nguyễn Văn Thắng urged relevant bodies to maintain strict risk control to safeguard the national financial system while creating a high-quality environment capable of attracting major global financial institutions

 

 

 

Đỗ Thị Mai Hiên04/24/2026 20:31

HÀ NỘI — Deputy Prime Minister Nguyễn Văn Thắng has called for swift and effective operations of the Việt Nam International Financial Centre in HCM City and Đà Nẵng, stressing that “progress comes from action” and must go hand in hand with firm, reliable implementation.

Chairing a meeting with ministries, agencies, and authorities of the two cities on Friday, he underscored that all fundamental conditions are now in place, and it's time to focus on swift and decisive implementation to deliver tangible results.

He urged relevant bodies to maintain strict risk control to safeguard the national financial system while creating a high-quality environment capable of attracting major global financial institutions. Investment attraction, he noted, must be substantive and avoid formality.

Ministries, sectors, and the two cities were asked to promptly complete the assigned tasks to ensure the centre meet all requirements for smooth operation.

Deputy PM Thắng tasked the Ministry of Finance (MoF) with leading coordination efforts to improve the efficiency of the Steering Committee and Executive Council for the centre, and promoting the proactive role of HCM City and Đà Nẵng.

Meanwhile, central agencies were requested to accelerate the building of management and supervisory mechanisms in line with their functions, with proposals to be submitted to the Prime Minister within April.

Regarding operational regulations, the People’s Committee of HCM City was assigned to collect feedback and appraisal opinions before submitting the rules for promulgation.

The MoF, in coordination with relevant agencies and the two cities, was also instructed to review the overall development strategy and the Executive Council’s 2026 working programme.

On the establishment of a supervisory body, the People’s Committee of HCM City was directed to coordinate with the State Bank of Vietnam and related ministries to implement Government directives and report progress to the Government before May 15.

The Deputy PM further asked the MoF to review the implementation of tasks under Decision No. 114 (dated August 1, 2025), clarifying the items completed and pending work, and report to the Prime Minister before May 10.

Deputy Minister of Finance Nguyễn Thị Bích Ngọc noted that the legal framework for the International Financial Centre has largely been completed, providing a foundation for transitioning to the operational phase. Key operational regulations are now in the final stage of formulation.

In HCM City, 15 investors have received membership commitment certificates, and several major projects are under development, including a commodity exchange, financial hubs for maritime and aviation sectors, a venture capital fund, green finance initiatives, and international payment and clearing systems.

Meanwhile, Đà Nẵng has signed 20 memoranda of understanding with partners, is negotiating additional agreements, and has granted membership registration certificates to 12 investors. It is continuing to process further applications, Ngọc said.

Participants stressed the urgency of finalising operational regulations and establishing a supervisory body. Infrastructure development – both physical and digital – was identified as essential, alongside strong connectivity with national systems.

Human resources were also highlighted as a decisive factor, with calls for competitive policies to attract high-quality financial professionals, including international experts. — VNA/VNS

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