Southeast Asia Information Port News (www.dnyxxg.com) On the morning of February 11th, Vietnamese Prime Minister Pham Minh Chinh attended the inauguration ceremony of the Vietnam International Financial Center (VIFC) in Ho Chi Minh City, emphasizing that the center's construction adheres to the core principles of "clear objectives, well-defined mechanisms, readily available resources, unwavering determination, and inevitable success," and is committed to promoting its effective implementation.
Vietnamese Deputy Prime Minister and Chairman of the International Financial Center Committee Nguyen Binh Hoa, along with representatives from various ministries, provinces, and cities, attended the ceremony. It is understood that the center, based on National Assembly Resolution No. 222/2025/QH15 of June 2025, adopts a "one center, two destinations" model, with simultaneous development in Ho Chi Minh City and Da Nang City. Following this, the government issued Decree No. 323/2025/NĐ-CP and supporting decisions, and the Da Nang branch center opened on January 9th, 2026.
Representatives from domestic and international financial institutions, banks, and enterprises expressed their support for the strategy, pledging to assist the development of the Ho Chi Minh City branch center (VIFC-HCMC). Their focus will be on attracting international capital, innovating financial services, promoting digital transformation, and advancing green and inclusive finance, thereby attracting capital, talent, and technology.
Nguyen Van Duc, Chairman of the Ho Chi Minh City People's Committee, stated that the center's development will be driven by a spirit of "thinking outside the box, acting decisively, and achieving results." The core focus will be on establishing a stable and transparent system, deeply integrating finance with the financing needs of industries such as industry, logistics, and green transformation, while simultaneously strengthening talent development and international cooperation, using quantifiable indicators to advance the goals at each stage.
Pham Minh Chinh pointed out that with the profound changes in the global economic landscape, building an international financial center is a strategic choice for Vietnam. The aim is to guide capital flows towards priority areas such as strategic infrastructure and green and digital transformation, helping enterprises integrate into global value chains and transforming the country from a capital recipient to a "co-builder" of regional financial markets. He emphasized that the center's development requires three key elements: a superior system, a distinctive and innovative development model, and flexible and efficient management and operation, requiring the joint efforts and sustained commitment of the entire society.
The Prime Minister urged government departments to strengthen accountability and oversight, and called on domestic businesses, overseas Vietnamese, and international investors to actively participate, expand business operations, and promote technology transfer in areas such as fintech. He reiterated his firm commitment to advancing the center's development and contributing to Vietnam's achievement of its "double-digit growth" and "two centenary goals" strategic objectives. (End)
