HÀ NỘI — Prime Minister Phạm Minh Chính on Sunday announced the establishment of an international financial centre (IFC) in Việt Nam, describing it as a turning point that will open the country to financial technology integration and green economy transformation.
The centre will operate in two locations – HCM City and Đà Nẵng.
The PM’s decision to establish and launch the Steering Council of Việt Nam’s International Financial Centre, chaired by Permanent Deputy Prime Minister Nguyễn Hòa Bình, was announced at a conference .
It also unveiled senior appointments to the centre’s executive agencies in HCM City and Đà Nẵng.
Việt Nam did not intend to compete directly with existing regional and international financial centres, the Prime Minister said. The country would instead develop a complementary model with special policies to create an interconnected financial ecosystem.
He drew historical parallels to the rise of London in the 19th century, New York in the 20th century and Singapore and Shanghai in recent decades.
“More than a century ago, the Dragon Wharf and Hội An trading port were bustling gateways connecting Việt Nam with the world. Today marks the beginning of reviving that prosperity flow with a new mindset and new tools: finance and technology,” PM Chính said.
