Addressing a conference in Ho Chi Minh City on August 2 to implement the National Assembly's Resolution No. 222 on the development of the International Financial Center in Vietnam, the PM stressed that the centre must operate on principles of transparency, effective supervision, crisis response mechanisms, and compliance with international law.

Under Resolution 222 adopted by the National Assembly in June 2025, the IFC will be established in both Ho Chi Minh City and Da Nang, each leveraging their unique strengths.

Ho Chi Minh City will focus on capital markets, monetary and banking systems, financial regulatory sandbox mechanisms, specialised trading platforms, and financial technology infrastructure. Meanwhile, Da Nang will prioritise green finance, fintech, digital financial services, regulated trials for digital assets and payments, and attract investment funds, remittance channels, and small-to-medium-sized asset management companies.

The PM said both Ho Chi Minh City and Da Nang are among the most dynamic urban centres in Southeast Asia, possessing solid foundational advantages and strategic potential for the establishment and development of such an international financial centre. The successful development of the IFC in these two cities, he noted, will create synergistic strength, enabling Vietnam’s IFC to make a breakthrough and affirm the country’s new position on the global financial map.

According to the Government leader, the successful development of the centre will bring strategic and comprehensive benefits, playing a crucial role in enabling Vietnam to deepen its integration into global economic value chains.

In his opinion, the IFC will expand Vietnam’s connectivity with global financial markets, thereby attracting international financial institutions and investment capital, while also optimising and mobilising domestic resources.

It will foster the development of a modern financial–banking services ecosystem that meets international standards and addresses the growing needs of businesses and investors. The initiative will drive qualitative breakthroughs in Vietnam’s financial markets, making them more transparent, efficient, and aligned with international best practices.

In addition, the IFC will enhance Vietnam’s reputation, influence, and global standing, helping the country integrate more deeply into international value chains and affirm its role in the global financial landscape.

The Prime Minister then called on relevant ministries and agencies to promptly issue guiding documents for establishing the IFC’s management and supervisory bodies. Ho Chi Minh City and Da Nang were required to allocate resources, improve institutional and human resource foundations, and create a favourable living and investment environment;

He also urged active engagement with strategic investors and global financial institutions, along with enhanced domestic and international cooperation in financial innovation, product development, and preferential policy frameworks.

The PM emphasised the principle of “learning by doing, improving through practice,” urging all stakeholders to think big, act boldly, and ensure sustainable success that benefits both Vietnam and the broader region.

The leader expressed confidence that by the end of 2025, Vietnam’s IFCs in Ho Chi Minh City and Da Nang will commence initial operations, becoming a hubs of capital, talent, technology, regulation, and forward-thinking vision.

At the event, leaders of both Ho Chi Minh City and Da Nang committed to developing high-quality human resources, preparing necessary infrastructure, and engaging with strategic and potential investors in running and developing the centre.

German experts train Vietnam international financial centre officials

VOV.VN - Vietnamese-German University (VGU) on June 27 opened its first training course for managers of Vietnam’s international financial centre, drawing the participation of leading experts from Germany.