On the morning of June 30, the Politburo organized a national conference to study, study, thoroughly grasp and implement Resolution No. 10-NQ/TW dated June 8, 2026 of the Politburo on economic development with foreign investment capital.
At the conference, Mr. Nguyen Van Duoc - Member of the Party Central Committee, Chairman of Ho Chi Minh City People's Committee - presented a paper "Promoting the deployment of international financial centers to create new development space to attract high-quality, new generation capital flows".
According to the Chairman of the Ho Chi Minh City People's Committee, Resolution No. 10 has strategic significance for the new development stage of the country, showing the strong innovative thinking of the Party.
The foreign-invested economy has shifted from purely capital-attracting thinking to improving quality and efficiency, taking innovation, technology transfer and national competitiveness as measures.
Mr. Nguyen Van Duoc mentioned some contents related to the deployment of the International Financial Center to attract high-quality new generation capital flows.
That is, strongly shifting from project attraction thinking to creating an ecosystem to attract high-quality capital flows.
According to the Chairman of the Ho Chi Minh City People's Committee, the world is entering a stage of deep restructuring of the supply chain, value chain and global financial chain.
According to international organizations, global foreign direct investment flows in recent years have tended to decline in scale but increase in scientific content. Capital flows are increasingly focused on high-tech, green finance, digital economy, semiconductor, artificial intelligence, clean energy and innovation.
Therefore, competition to attract FDI in the new phase is no longer competition between projects but competition between development ecosystems; not only investment incentives but first of all institutional capacity building. That is also the core spirit that Resolution No. 10 sets out and is an objective requirement for Vietnam in the new development phase.
Also according to Mr. Nguyen Van Duoc, developing the International Financial Center is a strategic solution to implement Vietnam's new generation investment attraction method.
Through the International Financial Center, we will solve problems such as: The International Financial Center will be the location for offices of global investment funds, investment banks, asset management companies, financial institutions and financial technology centers (Fintech).
Along with that is receiving the intangible value of FDI. On the other hand, the International Financial Center will open up opportunities for Vietnamese businesses to access global capital sources at reasonable costs, while helping businesses participate more deeply in the international value chain.
The Chairman of Ho Chi Minh City People's Committee stated clearly that Ho Chi Minh City is committed to pioneering the deployment of the International Financial Center with the spirit of serving national interests and developing for the whole country.
Ho Chi Minh City deeply understands that the Politburo, the National Assembly and the Government assigning the city to build and organize the implementation of the International Financial Center is both a belief and a very great responsibility to the nation.
We determine that this is not a separate project of Ho Chi Minh City but a national financial institution, serving the development of the entire economy; a bridge for localities, Vietnamese businesses and strategic economies to access international capital more effectively" - Chairman of Ho Chi Minh City People's Committee said.
