HCMC – Prime Minister Pham Minh Chinh has signed a decision establishing a steering committee to oversee the development of regional and international financial centers in the country.
This move came after the Government issued Resolution No. 259 in December 2024, which designates HCMC as a comprehensive international financial center and Danang City as a regional hub.
The plan aims to cultivate a sophisticated financial ecosystem and attract substantial foreign investment into Vietnam, aligning with the strategic vision outlined in Politburo Notice No. 47 issued in November 2024.
Chaired by the PM, the steering committee will be responsible for setting the direction, serving as a coordinating entity, and ensuring the smooth operation of the financial centers.
Key priorities include establishing a robust regulatory framework, securing necessary resources, and fostering international cooperation to foster the centers’ growth.
Other members of the committee include Deputy Prime Minister Nguyen Hoa Binh, the Party secretaries of HCMC and Danang City, the chairmen of the people’s committees of the two cities, and key Government officials, including the ministers of Finance, Industry and Trade, and Home Affairs.
