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 urged the faster progress of the Vietnam Exhibition Fair Centre (VEFAC) project in Hanoi’s Dong Anh district – one of the top 10 biggest exhibition centres in the world - to be basically completed by the end of July, while inspecting the project on May 19.

The Stimson Centre, a Washington D.C.-based independent think tank on international security and shared prosperity, has held a hybrid event commemorating 50 years of peace and reconciliation and 30 years of official relations between Vietnam and the US.

Vietnam’s electric vehicle (EV) manufacturer VinFast on May 13 announced a partnership with four major Philippine firms to establish more than 100 authorised service centres across the country in 2025.

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.

The Centre for Economic and Business Research (CEBR), in its report “World Economic League Table 2022”, forecasts that Vietnam will become the second-largest economy in Southeast Asia after Indonesia and the 20th-largest economy in the world by 2036.

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.

VOV.VN - Downtown Ho Chi Minh City has been overwhelmed with crowds as tens of thousands of residents and tourists flocked to key streets to secure spots for a military parade celebrating the 50th anniversary of the liberation of the South and national reunification (April 30).

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.