Argentine media has lauded Vietnam’s landmark decision to establish an international financial centre in Ho Chi Minh City – the nation’s economic and commercial powerhouse, marking a pivotal shift in the Government’s economic development strategy.

Prime Minister Pham Minh Chinh has issued a decision on setting up a steering committee for regional and international financial centres.

VOV.VN - Prime Minister Pham Minh Chinh has suggested that Japan provide financial support and promote new-generation official development assistance (ODA) for Vietnam to implement strategic infrastructure projects.

VOV.VN - Prime Minister Pham Minh Chinh has underscored that the construction and development of regional and international financial centers in Ho Chi Minh City and Da Nang will create a premise and a solid foundation for Vietnam to enter a new era, an era of the nation’s rise.

VOV.VN - With 2024 being the year for the central city of Da Nang to build specific mechanisms to remove institutional bottlenecks, the establishment of a free trade zone and a regional financial center is expected to help the city make breakthroughs in the new era.

Developing regional and international financial hubs in Vietnam is expected to create new mechanisms and resources, and serve as a "boost" for the national economy.

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

The National Financial Supervisory Commission, in collaboration with the Korea International Cooperation Agency (KOICA), organised an international conference themed “Vietnam’s financial market: Perspectives and policy orientations” in the south-central province of Ninh Thuan on December 12.

The UK’s support for Vietnam in establishing an international financial hub is a significant development that reflects the growing economic ties between the two nations.

VOV.VN - Prime Minister Pham Minh Chinh has suggested that the Dubai International Financial Centre (DIFC) co-operate with Vietnam in developing financial services and supporting the development of the HCM City Financial Centre.