Prime Minister Le Minh Hung chaired a meeting on June 2 regarding the continued deployment of Vietnam's International Financial Center (IFC).
The meeting focused on accelerating specific steps to bring the center into operation as soon as possible.
According to the general orientation, the IFC must be built on a transparent, stable, and competitive legal framework to attract foreign investors. This is seen as a vital channel for mobilizing medium- and long-term capital to serve the country's sustainable economic development goals.
A key task emphasized during the meeting was the development of a comprehensive system of financial products and services, which is considered the foundation for the center’s operational efficiency. With Ho Chi Minh City and Da Nang serving as two vital growth poles, financial products must be closely aligned with trade and investment needs to effectively mobilize resources for key national projects.
The Prime Minister assigned the Ministry of Finance to coordinate with relevant agencies and the two cities to develop a portfolio of flagship products. Priority will be given to sectors linked to trade and investment to attract development resources, particularly for large-scale infrastructure projects in these regions.
In addition to existing regulations, PM Hung requested further research and the introduction of new mechanisms within June to create a breakthrough for the early formation of core financial products. He also stressed the need to establish appropriate inspection and supervision mechanisms to ensure safe and transparent operations.
As the IFC begins to take shape in the next phase, the Government leader noted that establishing a long-term development strategy is an urgent priority. Relevant agencies have been tasked with researching and proposing policy improvements to create favorable conditions for the center’s growth and its deep integration into the global financial system.
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