The Operating Authority of the Vietnam International Financial Center in Ho Chi Minh City has been assigned to develop the draft Regulations on the Operation of the Vietnam International Financial Center.
The promulgation of the Regulations on the Operation of the Vietnam International Financial Center aims to concretize the provisions of Resolution No. 222/2025 of the 15th National Assembly (15th NA) dated July 26, 2025 and the decrees guiding the implementation of Resolution No. 222/2025 of the 15th National Assembly (15th NA); at the same time, to establish a unified legal basis for organizing, managing, operating, and implementing specific mechanisms and policies applicable within the International Financial Center. The Regulations serve as the basis for governing the activities of the Operating Authority in the cities, members, investors, and relevant agencies, organizations, and individuals.
At the same time, the Regulations are promulgated to establish a unified governance framework for the development model of the International Financial Center under the orientation of “one center, two destinations”; ensuring close coordination between Ho Chi Minh City and Da Nang in formulating development strategies, issuing documents, procedures, and standardized forms, sharing data, and promptly handling issues arising during operation.
The guiding viewpoint in drafting the Regulations is to ensure greater proactiveness and flexibility for the Operating Authority in the cities in directly managing and administering the activities of the International Financial Center, while also ensuring coordination and reporting mechanisms. At the same time, the draft Regulations are developed to ensure the capacity for updates, guidance, and amendments or supplements during the implementation process, thereby meeting development requirements and the specific characteristics of the International Financial Center.
Currently, the draft Regulations are structured into 7 chapters, 28 articles, and 3 appendices.
At the meeting, Standing Deputy Prime Minister Nguyen Hoa Binh, together with leaders and representatives of ministries, sectors, and localities, continued to discuss and provide opinions on the contents of the draft Regulations, including provisions related to the scope of regulation, subjects of application, and operational principles; the authority of the Operating Authority in the cities; salary regimes, policies, and recruitment; contractor selection of the International Financial Center; investors; coordination mechanisms within the International Financial Center; reporting regimes; and forms in the appendices.
Acknowledging and highly appreciating the Operating Authority of the Vietnam International Financial Center in Ho Chi Minh City, which was assigned to develop the draft Regulations on the Operation of the Vietnam International Financial Center, for its proactiveness, initiative, and responsibility in carrying out the task, Standing Deputy Prime Minister Nguyen Hoa Binh requested that after the meeting, this body fully incorporate all comments, redraft the Submission, and continue to collect written opinions from ministries, sectors, and localities once again to finalize the draft before the Regulations are officially promulgated.
Nguyen Hoang
Source: baochinhphu.vn
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