On the morning of January 4, in Ho Chi Minh City, the Ministry of Planning and Investment coordinated with the People's Committees of Ho Chi Minh City and Da Nang City to organize a conference to announce the Government's resolution on issuing an action plan to implement the Politburo's conclusion on building a regional and international financial center in Vietnam.
According to Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen, building an international financial center in Ho Chi Minh City is a strategic task set out in Resolutions 24 and 31 of the Politburo.
This is not only an economic project but also has strategic significance, helping Ho Chi Minh City become a modern center of knowledge, technology and finance in the region.
“The international financial center not only focuses on financial, banking and insurance activities but also converges knowledge and technology, promotes innovation and develops high-tech financial products. This is the driving force to attract competitive capital, support businesses and the startup community,” Mr. Nguyen Van Nen emphasized.
To realize this goal, Ho Chi Minh City has established a local Steering Committee to coordinate and build an organizational apparatus to operate the center.
At the same time, the city promotes spatial planning for development associated with the Thu Thiem New Urban Area, prepares human resources, and proposes specific policy mechanisms to attract and protect the interests of investors, financial institutions and banks.
The Secretary of the Ho Chi Minh City Party Committee also acknowledged that the process of building a financial center will face many challenges, requiring high political determination and consensus from relevant parties.
“HCMC is not only committed to building an international financial center but also wants to affirm its belief in a prosperous future for Vietnam,” said Mr. Nguyen Van Nen.
Meanwhile, Da Nang has also made detailed plans to develop a regional financial center, clearly defining the city's role in connecting financial flows in the Central region and internationally.
Secretary of the Da Nang City Party Committee Nguyen Van Quang said that the Da Nang Financial Center will be built on an area of over 6 hectares facing the sea, in Son Tra District. In the future, this space will expand to nearly 50 hectares, creating a modern financial urban area.
"We have completed the planning, prepared the land fund and called for strategic investors to build infrastructure" - Mr. Nguyen Van Quang said.
In addition, the city also focuses on developing human resources by cooperating with international training institutions and sending staff to study at major financial centers around the world.
Furthermore, Da Nang is also actively developing a resolution program to submit to the National Assembly in May 2025 to create a favorable mechanism for implementing the financial center.
Mr. Nguyen Van Quang expressed his wish to receive attention and direction from the Government and ministries and branches in realizing the project.
