Hanoi (VNA) — Prime Minister Pham Minh Chinh on January 16 chaired the first meeting of the Steering Committee for Vietnam’s International Financial Centre (IFC), reviewing the implementation of the Politburo’s conclusions and directives, as well as plans to build, operate and develop the IFC in Ho Chi Minh City and Da Nang.
The meeting also examined proposals on special mechanisms and policies, working regulations of the IFC Executive Council, and operating regulations for the IFC in Vietnam.
In his opening remarks, PM Chinh, who is also head of the steering committee, stressed that amid the unpredictable global economy, Vietnam’s proactive positioning in the international financial network is an effort to provide stability. This demands a fundamental shift in mindset from merely “participating” to “shaping position,” from fragmented approaches to an ecosystem-based model, and from isolated incentives to a comprehensive framework built on superior institutions, professional governance, high-quality human resources, synchronised infrastructure and world-class services.
He noted that the steering committee has recently achieved consensus, with clear assignment of responsibilities, timelines, accountability and outcomes. The work is being carried out in the spirit of “daring to think, daring to act and daring to take responsibility,” while avoiding haste, complacency or mechanical replication of foreign models. All efforts, he underlined, must suit Vietnam’s conditions, comply with the rule of law, ensure transparency, integrity and accountability, and meet international standards.
The PM called on committee members to engage in frank and responsible discussions, closely aligned with objectives and requirements, particularly focusing on feasibility in implementation. He emphasised the importance of a thorough review of the committee’s work to date, achievements, shortcomings and lessons learned, to build consensus on the main tasks for the next phase.
The establishment of the IFC in Vietnam was announced on December 21, 2025. It is expected to be among the world’s top 75 financial centres and the top 25 in the Asia-Pacific region by 2035./.
