Business

Steering council for International Financial Centre set up

The council is tasked with setting development strategies, roadmaps, and plans for the International Financial Centre, based on the current conditions and potential of HCM City and Da Nang.

A view of Ho Chi Minh City (Photo: VNA)
A view of Ho Chi Minh City (Photo: VNA)

Hanoi (VNS/VNA) – Prime Minister Pham Minh Chinh on December 18 signed a decision to establish a steering council to oversee the development of Vietnam’s international financial centre.

Permanent Deputy Prime Minister Nguyen Hoa Binh will chair the council. Its vice chairs include Minister of Finance Nguyen Van Thang, Governor of the State Bank of Vietnam Nguyen Thi Hong, Chairman of the Ho Chi Minh City People’s Committee Nguyen Van Duoc, and Chairman of the Da Nang People’s Committee Pham Duc An.

The council also includes deputy ministers from the ministries of justice, home affairs, industry and trade, and agriculture and environment.

Under the decision, the council is tasked with setting development strategies, roadmaps, and plans for the International Financial Centre, based on the current conditions and potential of HCM City and Da Nang.

It will issue operating regulations, coordinate between the two cities, and advise on appointments of the centres’ executive heads.

An advisory council comprising domestic and international financial and legal experts will also be formed to support policy design and development.

The steering council will regularly monitor implementation and report to the Government and the Prime Minister on major issues beyond its authority./.

VNA
#international financial centre #steering council #Permanent Deputy Prime Minister Nguyen Hoa Binh #State Bank of Vietnam
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