HCMC – Prime Minister Pham Minh Chinh has requested that the international financial center in Ho Chi Minh City (IFC-HCM) be officially launched no later than February 9.
Speaking at the first meeting of the Steering Committee for the International Financial Center in Vietnam today, January 16, he pointed out several challenges, including competition among regional and global financial centers; how to secure high-quality human resources and attract international talent in finance and technology; availability of infrastructure, urban services and living and working spaces; and the need to synchronously design certain risk management, compliance control, data-sharing and supervision mechanisms in line with international standards.
Institutions should be taken as a breakthrough and regarded as the core competitive advantage, he said, adding those institutions should be superior and distinctive, aligned with international norms, while also suited to Vietnam’s conditions and ensuring sovereignty, financial security and data safety.
The PM said infrastructure must be taken as the foundation and that it is not limited to transport, electricity and water, but also includes digital infrastructure, data, cybersecurity, data centers, trading platforms, identification and authentication systems, and mechanisms for connectivity and information sharing.
