On the morning of November 4, Politburo member and Prime Minister Pham Minh Chinh chaired a thematic Government meeting on Decrees guiding the implementation of Resolution No. 222/2025/QH15 of the National Assembly on the International Financial Center (ICCQT Center) in Vietnam.
At the beginning of the meeting, the Prime Minister emphasized that the construction of the Central Bank for International Investment is an issue identified by the Party and the State as one of the institutional breakthroughs, an important policy decision.
Thereby, it aims to free up resources, promote growth model transformation associated with economic restructuring, attract foreign resources, contributing to improving productivity, efficiency and national competitiveness.
The Government has organized many meetings and consulted on international experiences. In particular, the Government recently held a conference on the establishment of a Center for International Investment in Vietnam to listen to the opinions of domestic and foreign experts and scientists, representatives of international organizations on perfecting institutions, mechanisms, and policies, especially directly contributing to the draft Decree on the establishment of a Center for International Investment in Vietnam.
The Prime Minister requested that at the meeting, delegates focus on reviewing the contents with different opinions, and the new issues need to be discussed more carefully to facilitate the implementation process.
Delegates focused on discussing the regulations for establishing a Center for International Investment in Vietnam with 1 center and 2 destinations; organizing a management, operation, supervision apparatus, functions and powers of central agencies, ensuring streamlining, effectiveness and efficiency.
There are preferential and superior mechanisms and policies on finance, currency, banking of labor, employment, social security, land, environment, and trade, to operate the Center for International Investment in accordance with international practices; the institution must be open, truly a national competitive advantage to attract investors and human resources.
The Prime Minister pointed out that building mechanisms and policies, establishing and operating TCQT Centers in Vietnam is a difficult task.
Therefore, the head of the Government requires "not to be perfectionist, not to be impatient but not to miss opportunities"; implement with high determination, great efforts, drastic actions, work with focus, key points, and complete all work with the spirit of "The Party has led, the Government has agreed, the National Assembly has agreed, the people have supported, international friends help; only discuss work, not backtrack".
The Prime Minister noted the principle of accelerating, breaking through, being creative and efficient, and being urgent should not hesitate with the goal of creating a breakthrough, competitive, stable, consistent legal framework, capable of successfully and sustainably operating the Center; creating strong confidence for investors and financial institutions from the beginning.
At the meeting, the Government will review and give opinions on the decrees: License for the establishment and operation of banks, foreign exchange management, anti-money laundering, anti-terrorism finance, anti- million-dollar sponsorship, and proliferation of weapons of mass destruction at the Center for Trade in Vietnam; establishment and operation of the Department of Commodity Exchange and Purchase of Goods and Services; policies for entry, exit, and residence of foreigners at the Center for Trade in Vietnam.
