Prime Minister Pham Minh Chinh on May 22 requested the establishment of an international financial centre in Vietnam with a transparent and open legal environment, modern and seamless infrastructure that meets development needs and aligns with global trends and Vietnam's specific conditions.

Prime Minister Pham Minh Chinh has just approved a list of members of the Steering Committee for Regional and International Financial Centres in Vietnam.

The Vietnamese Government will work to ensure that policies and mechanisms for the planned international financial centre are distinctive, superior, and attractive to investors, while balancing benefits among the state, investors, and the public, Deputy Prime Minister Nguyen Hoa Binh said on May 20.

Prime Minister Pham Minh Chinh has laid stress on penning breakthrough and exceptional policies for an international financial centre to attract investors from the Middle East, China, ASEAN, the US, Europe and beyond.

After more than two decades of planning, the vision of establishing an international financial centre (IFC) in Ho Chi Minh City is finally gaining real momentum as the Politburo has officially endorsed the proposal, drawing significant attention from both domestic and international investors.

Permanent Deputy Prime Minister Nguyen Hoa Binh on April 28 expressed his hoped that international organisations and financial institutions that have been doing business successfully in Vietnam will be the first members to be present at Vietnam’s first international financial centres and have a foothold in this market.

Vietnam is developing a roadmap for establishing an international financial centre (IFC), with the aim of building connections with major IFCs both regionally and globally.

VOV.VN - Vietnam desires to increase cooperation with Germany’s Hessen state, especially in financial market development, Deputy Prime Minister Nguyen Hoa Binh told Alexander Lorz, Minister of Finance of the State of Hessen, Germany, during a meeting on March 25.

VOV.VN - Deputy Prime Minister Nguyen Hoa Binh encouraged German businesses to study and invest in international financial centres that are to take shape in the future in Vietnam, during a roundtable in Frankfurt on March 24.

VOV.VN - Leaders of the World Alliance of International Financial Centers (WAIFC), a non-profit financial association, and German businesses have said they are ready to engage in building international financial centres in Vietnam.