VIETNAM SETS UP COMMITTEE TO BUILD INTERNATIONAL FINANCIAL CENTRE

The Vietnamese government has reiterated its strong commitment to developing an international financial centre by announcing the establishment of the Steering Committee for Regional and International Financial Centre in Vietnam, chaired by Prime Minister Pham Minh Chinh.

PM Chinh signed a decision dated May 20 approving the list of members for the committee.

Accordingly, PM Chinh will serves as the head of the committee. Other deputy heads include Permanent Deputy Prime Minister Nguyen Hoa Binh, Secretary of Ho Chi Minh City Party Committee Nguyen Van Nen, Minister of Finance Nguyen Van Thang, Governor of the State Bank of Vietnam Nguyen Thi Hong, and Secretary of Danang Party Committee Nguyen Van Quang.

The committee also includes other members, including deputy ministers, heads of people's committees, a judge, and a deputy governor of the State Bank of Vietnam.

According to a decision made on December 31, 2024, the steering committee is tasked with providing direction on the development strategy for a regional and international financial centre in Vietnam, guiding the formulation and refinement of institutions and policies applicable to such a centre to ensure consistency with the orientation set by the Politburo, and overseeing the establishment and operations of management and executive bodies within the centre.

In addition, the committee is responsible for directing resource allocation and mobilisation for infrastructure development and growth of the financial centre, presiding over and organising cooperation, consultation, and exchanges with domestic and international agencies and organisations regarding the establishment of regional and international financial centres in Vietnam, and performing other related tasks assigned by the government.

Vietnam has set up a steering committee to build an international financial centre. Photo: Le Toan.

Source: VIR

Related News

MEMBER CORNER / PROMOTIONS

VIETNAM'S MANUFACTURING STORY HAS CHANGED IN 2026

Vietnam is no longer attracting investment solely because of its competitive costs. Today, global manufacturers are increasingly choosing Vietnam for its expanding industrial ecosystem, resilient supply chains and growing role in high-value sectors such as semiconductors, electronics and advanced manufacturing.

Jul 24, 2026

BANKING / FINANCE / INSURANCE / TAX

VIETNAM NEEDS OVER $200BN FROM STOCK MARKET IN NEXT 5 YEARS

Speaking at the event, Bui Hoang Hai, vice-chairman of the State Securities Commission of Vietnam, said total investment demand in the 2026-30 period is estimated at VND38,000 trillion ($1.4 trillion). The state budget can only provide approximately VND8,500 trillion ($323 billion), or 20 percent, leaving the remaining 80 percent to be sourced from private and international capital.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

HUNG YEN BUILDS DIGITAL FOUNDATIONS TO DRIVE LONG-TERM GROWTH

From strengthening data infrastructure to developing AI platforms, Hung Yen province is enhancing governance capacity while laying the groundwork for the growth of its digital economy. Hung Yen, about 50-60km southeast of Hanoi, has maintained steady momentum in implementing its digital transformation agenda, creating a stronger foundation for the province to advance science, technology, and innovation.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

CHINESE INVESTMENT WAVE OPENS NEW DOORS

As Chinese companies move beyond factory relocation to ecosystem-driven investment, Vietnam has a rare opportunity to evolve from a low-cost production base into a strategic node in regional value chains. When global companies first diversified supply chains, the focus was largely on relocating manufacturing capacity.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

VIỆT NAM STEPS UP EXPORT TO ACHIEVE US$550-BILLION TARGET

Việt Nam is intensifying efforts to sustain export momentum in the second half of 2026 as the country works towards its target of US$550 billion in export revenue for the year, despite continuing uncertainties in global trade. Statistics show that exports reached $266.5 billion in the first six months, meaning the economy needs to generate around $245.5 billion more during the remainder of the year to meet the annual goal.

Jul 23, 2026

VIETNAM ECONOMY INVESTMENT

ASIA POWERS VIETNAM’S SHRIMP BOOM, LEAVING THE WEST BEHIND

In the first half of 2026, Vietnam's shrimp exports surpassed the US$2.3 billion mark, driven largely by booming demand from China and a lobster craze. But behind that growth figure lies a lopsided picture: Asia is carrying the load, while the U.S. and Europe have yet to break out. These days, a container of frozen shrimp leaving a Ho Chi Minh City port is more likely to cross the East Vietnam Sea to Shanghai than the Pacific to Los Angeles.

Jul 23, 2026