Chairing a meeting in Hanoi on March 6 to review the development strategy and operational framework for the international financial centre, Binh acknowledged the progress made by relevant ministries and localities in a short period of time. However, he noted that current efforts have largely focused on building the organisational structure and legal framework.
The Deputy PM expressed his hope that Lee will continue to support efforts to further advance Vietnam–Singapore relations in a more practical and effective manner, as well as provide advice and share experience in developing financial centres and promoting connectivity between the two countries’ international financial centres.
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.
The Permanent Court of Arbitration (PCA)’s plan to bring more cases to Vietnam for hearings underscores its reputation and Vietnam’s growing contributions. It will also give Vietnamese arbitrators and legal enforcement agencies invaluable hands-on experience in dispute settlement.
Permanent Deputy Prime Minister Nguyen Hoa Binh hosted a reception in Hanoi on November 17 for Richard Sell, CEO of Haeco, a subsidiary of the UK-headquartered multinational Swire Group.
For the 2025-2030 term, the provincial Party Organisation aims for an average GRDP growth rate of approximately 10-10.5%, with the average GRDP per capita reaching around 6,700 - 7,500 USD by 2030.
Under the Party’s leadership, the Government has renewed its approaches across areas, including legislation, private sector development, science and technology application, digital transformation, state management, foreign investment attraction, education, and healthcare.
The Prime Minister issued Decision No. 1646/QD-TTg dated August 1, 2025, establishing the Steering Committee on the International Financial Centre in Vietnam. The steering committee has issued an action plan, assigning ministries and sectors to draft eight decrees.
Ho Chi Minh City, as the country’s largest economic and financial hub, is expected to take the lead in key areas such as capital markets, banking, and commodity trading. Meanwhile, Da Nang, with its strategic location and open-minded spirit, holds great potential to become a pioneer in sustainable finance, green finance, and digital financial services.
Introducing the centre’s role and significance at the 15th legislature’s ongoing 9th session, Binh stated that it will be a diverse ecosystem of financial services concentrated within a specific area, bringing together many financial institutions such as banks, investment funds, financial service companies and trading platforms like securities, currency, and commodities exchanges, along with a wide range of supporting services.
With Ho Chi Minh City ranking 98th out of 121 global financial centres and classified as a "local specialist" in the Global Financial Centres Index (GFCI) released on March 20, Vietnam has a plethora of strategic options to develop its financial hub.
Permanent Deputy Prime Minister Nguyen Hoa Binh on September 10 held working sessions with representatives of some leading groups in Hong Kong (China) as part of his trip to Hong Kong for attendance at the 9th Belt and Road Summit.