21/12, Official announcement of the Establishment of the International Financial Center in Vietnam

Attendees at the conference included Politburo members: Comrade Nguyen Van Nen, Standing Member of the Subcommittee on Documents of the 14th Party Congress; Permanent Deputy Prime Minister Nguyen Hoa Binh; Minister of Public Security Luong Tam Quang; Comrade Le Hoai Trung, Secretary of the Party Central Committee, Minister of Foreign Affairs; Members of the Party Central Committee, Deputy Prime Ministers: Le Thanh Long, Nguyen Chi Dung, Pham Thi Thanh Tra; leaders of ministries, sectors, agencies, and localities; members of the Prime Minister's Policy Advisory Council; as well as representatives of diplomatic missions, associations, organizations, financial institutions, investment funds, major corporations, and reputable domestic and international experts.

Building the International Financial Center is identified by the Party, State, and Government as one of the institutional breakthroughs, a strategic decision aimed at unlocking resources, promoting growth model transformation associated with economic restructuring, to enhance national productivity, efficiency, and competitiveness, contributing to bringing the country into a new era – the era of the Vietnamese nation's ascent.
 

Permanent Deputy Prime Minister Nguyen Hoa Binh speaks at the event - Photo: VGP/Nhat Bac

According to the Ministry of Finance, this Conference is an event of special importance, marking a new development step in the national economic and financial strategy, demonstrating the strong determination of the Party, State, and Government of Vietnam in the process of deep integration into the global economy.

The conference took place with three main objectives: (1) To officially announce important documents establishing the full legal framework for the International Financial Center in Vietnam; (2) To affirm the Government of Vietnam's strong commitment to building a stable, transparent, safe, and investor-friendly financial environment; (3) To convey a clear message to the international community that Vietnam is ready to accompany, cooperate, and share development opportunities.
 
 

 
Based on the Government's proposal, on June 27, 2025, the National Assembly issued Resolution No. 222/2025/QH15 on the International Financial Center in Vietnam. This serves as the initial legal framework and a critical, solid foundation for the construction, operation, and development of the International Financial Center in Vietnam. To implement Resolution No. 222/2025/QH15 of the National Assembly regarding the International Financial Center in Vietnam, the Government has issued Decrees guiding the implementation of this Resolution.

Specifically, Decree No. 323/2025/ND-CP dated December 18, 2025, of the Government was issued, stipulating the establishment of the International Financial Center in Vietnam. The Decree prescribes the organizational model of the Executive Body of the International Financial Center, comprising: One Steering Council and two executive bodies located in the two cities.

Implementing the aforementioned guidelines, the Prime Minister signed Decision No. 2755/QD-TTg dated December 18, 2025, establishing the Steering Council of the International Financial Center in Vietnam, consisting of 3 articles stipulating the members, functions, duties, and powers of the Steering Council./.