HCMC is ready in terms of infrastructure, human resources and institutions
On the morning of August 2, the Ministry of Finance coordinated with the Ho Chi Minh City People's Committee to organize a conference to announce Resolution 222/2025/QH15 of the National Assembly on the development of international financial centers in Vietnam. Politburo member and Prime Minister Pham Minh Chinh chaired the conference.
Speaking at the event, Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc affirmed that the National Assembly's approval and implementation of Resolution 222 is an important milestone, marking a strong transformation in the process of building and developing the country, especially entering a new era of development based on a modern financial foundation.
According to Mr. Nguyen Van Duoc, Ho Chi Minh City is focusing on prioritizing the development and implementation of Resolution 222 with three main pillars: perfecting institutions and policies; mobilizing resources for infrastructure development and developing high-quality human resources.
Ho Chi Minh City has identified a 10ha land plot in the center of the Thu Thiem new urban area as the location for the construction of the headquarters of the International Financial Center. During the construction period (expected to be about 2 years), the center will operate temporarily at building No. 8 Nguyen Hue (Saigon Ward).
Regarding human resources, Ho Chi Minh City is completing the organizational framework of the operating apparatus, selecting a team with high expertise and experience in the fields of finance and securities.
At the same time, the city cooperates with Viet Duc University to provide in-depth training and send human resources abroad to practice at major financial centers such as New York, London, Singapore... then return to serve the city.
Ho Chi Minh City also aims to strengthen cooperation and promote the international financial center brand. In August 2025, the city plans to sign a memorandum of understanding on cooperation with two prestigious international financial centers in the world.
Da Nang proactively builds infrastructure and attracts international intellectuals
Also at the conference, Da Nang City Party Secretary Nguyen Van Quang said that the city has prepared infrastructure, human resources and necessary conditions to gradually realize the international financial center in the locality.
Da Nang has arranged a 22-storey building in Software Park No. 2 (construction floor area of 27,000 m2) as the initial operating headquarters, which can be put into use by the end of 2025.
In the period of 2025 - 2027, the city will focus on promoting and attracting infrastructure investment in clean, planned coastal areas, with a total area of over 6 hectares according to international standards. At the same time, the locality has also prepared an additional 11.6ha land fund to develop a digital financial center.
A special highlight in Da Nang's strategy is the project to build a national dynamic urban area including 5 artificial islands with a total scale of 1,500 hectares. Of which, about 300 hectares will be reserved for the development of financial services, digital finance, trade and connecting with high-tech parks and free trade zones. The entire area will be developed according to green, modern and sustainable criteria.
Regarding human resources, Da Nang has organized many direct and online training and development programs for more than 300 civil servants, public employees and personnel preparing for the operation of the financial center. In August 2025, the city will send young cadres who are good at foreign languages and are experts abroad to practice in Singapore.
In addition, Da Nang is building a specific financial mechanism to recruit high-quality personnel from major financial centers such as Singapore, Dubai, London or New York.
"Da Nang will mobilize all resources, determined to build a professional and international-experienced personnel apparatus to effectively operate the international financial center" - Mr. Quang affirmed.
