HCMC – Vietnam has approved plans to develop international and regional financial centers in HCMC and Danang, with an interdisciplinary steering committee and task forces set to oversee the project, Deputy Prime Minister Nguyen Hoa Binh announced at a meeting on December 17.
The Ministry of Planning and Investment has submitted an action plan to the Government and worked closely with local authorities and international experts to shape the project framework, baochinhphu.vn quoted Deputy Minister Nguyen Thi Bich Ngoc as saying. The ministry’s focus is to attract organizations and investors while incorporating global best practices.
HCMC will host an international financial hub, while Danang will position itself as a regional financial center. Both cities are tasked with drafting detailed action plans and implementing institutional and policy reforms to support these ambitious goals.
Deputy PM Binh emphasized that the establishment of these financial centers will play a crucial role in driving Vietnam’s economic growth. He urged ministries to act promptly and ensure effective coordination to meet the initiative’s objectives.
The steering committee and task forces will prioritize policy development, infrastructure investment, and workforce training to manage and operate the financial hubs efficiently, Binh added.
