The Ho Chi Minh City Party Committee Office has just issued a notice of the conclusion of Ho Chi Minh City Party Committee Secretary Tran Luu Quang at the meeting of the Steering Committee for the construction and development of the Vietnam International Financial Center in Ho Chi Minh City.
Previously, on September 10, Ho Chi Minh City Party Secretary Tran Luu Quang chaired a working session of the Steering Committee in the form of direct coordination online, connecting with the Ministry of Finance and the Central Policy and Strategy Committee.
Here, leaders of ministries, branches, departments and many experts contributed their opinions on institutions, infrastructure, organizational structure, human resources... to serve the formation of the International Financial Center.
Concluding the meeting, Ho Chi Minh City Party Secretary Tran Luu Quang requested the Party Committee of the Ho Chi Minh City People's Committee to lead and direct the Department of Construction to urgently review the full and detailed planning of the 898 ha area (including part of Ben Thanh ward, Saigon ward and Thu Thiem New Urban Area). This will be the main land fund to implement the construction of the International Financial Center according to Resolution 222/2025 of the National Assembly.
Regarding personnel, the Secretary of the Ho Chi Minh City Party Committee requested advisory agencies to urgently establish a Steering Committee consulting team in a streamlined direction, with the participation of multi-field experts. During the operation, the consulting team may invite additional international experts. Members must meet the requirements of financial knowledge and English proficiency.
Regarding institutions, Mr. Tran Luu Quang assigned the Party Committee of the Ho Chi Minh City People's Committee to direct departments and branches to focus on coordinating with central agencies, proposing to perfect the legal framework and specific mechanisms for the International Financial Center. This content will be supplemented when the city submits an adjustment to Resolution 98/2023 of the National Assembly on specific mechanisms and policies for the development of Ho Chi Minh City.
At the same time, the city needs to proactively research and report to the Central Government on issues such as the establishment of courts and specialized supervisory agencies to resolve disputes, while strengthening inspection and supervision of the activities of the Financial Center.
According to the National Assembly's resolution, the International Financial Center in Ho Chi Minh City will focus on developing pillars of the capital market, banking, currency market; testing mechanism (sandbox) for Fintech and innovation in the financial sector; at the same time, forming specialized exchanges and new trading platforms.
Currently, the Ho Chi Minh City People's Committee has assigned the Department of Finance to preside over and coordinate with the City Development Research Institute to study a plan to hire an international consulting unit with sufficient capacity and experience in implementing and operating the Financial Center.
The Ho Chi Minh City Department of Construction is also assigned to review projects in Thu Thiem; when necessary, it is necessary to report and propose to competent authorities to adjust the planning to suit practical requirements, as a basis for providing transparent information when the city calls for strategic investors.
According to the plan, by the end of 2025, the International Financial Center in Ho Chi Minh City will be put into operation, creating a breakthrough in attracting financial resources, becoming an important foundation to promote socio-economic development.
