Attending and directing the thematic Conference on decrees guiding the implementation of Resolution No. 222/2025/QH15 of the National Assembly on the International Financial Centre in Viet Nam was Prime Minister Pham Minh Chinh. The conference was also attended by Deputy Prime Ministers; Ministers, Heads of ministerial-level agencies, Government-attached agencies; leaders of ministries, sectors, and central agencies; and leaders of Ho Chi Minh City and Da Nang City.
The meeting demonstrated a strong political determination and the spirit of “acceleration, breakthrough, innovation, and effectiveness” to create a breakthrough and competitive legal framework, thereby building firm confidence among international investors.
Delivering his directive remarks at the meeting, Prime Minister Pham Minh Chinh emphasized that the establishment of an International Financial Centre is an “important policy decision” and one of the “institutional breakthroughs” in line with the spirit of the 13th National Party Congress’s Resolution.
This is a strategic step to unlock resources, attract foreign investment, promote the transformation of the growth model, and enhance national competitiveness, thereby contributing to building an independent and self-reliant economy associated with extensive, substantive, and effective international integration.
The Government is concentrating its utmost resources to put the International Financial Centre into operation after the National Assembly adopted Resolution No. 222 with numerous specific mechanisms and policies. This meeting reviewed and provided opinions on a series of key draft decrees, including: financial, land, and environmental policies; regulations on labour, employment, and social welfare; mechanisms for bank licensing, foreign exchange management, and anti–money laundering in accordance with international standards; the establishment of an international arbitration centre and a commodities exchange; and open entry, exit, and residence policies for foreigners.
The model is defined as “one centre, two destinations” (located in Ho Chi Minh City and Da Nang), with a management apparatus that is “streamlined, effective, and efficient.” The Prime Minister requested that the institutional framework be “open and transparent,” creating “preferential and superior” mechanisms in line with international practices, thus forming a genuine national competitive advantage to attract investors and high-quality human resources.
ThThe Prime Minister underlined that this is a “new and challenging task.” Therefore, the working spirit must be “neither perfectionist nor hasty, but not missing opportunities.”
The Prime Minister requested that ministries and sectors act with “high determination, great effort, and decisive action,” working in a focused and prioritized manner. At the meeting, he asked delegates to concentrate on frank discussions of issues with differing opinions or new matters, ensuring that the decrees are promulgated with the highest quality.
With the spirit of “the Party leads, the Government is unified, the National Assembly agrees, the people support, and international friends assist; only action, no retreat,” the Government aims to create a stable and consistent legal framework capable of effectively operating the Centre and enabling its successful and sustainable development.
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The expert argue that priority should be given to investing in key sectors, particularly in technology, to create the momentum for double-digit growth in the upcoming period.
(L&D) – With a strong determination to make Vietnam a leading financial destination in the region, the Government is urgently completing the final procedures for the Vietnam International Financial Center to officially commence operations as early as November this year. This is considered a strategic step to elevate the nation’s position, promote investment capital inflows, and deepen integration with the global financial market.
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