Hanoi: A conference discussing the building of an international financial centre (IFC) in Vietnam was held under the chair of Prime Minister Pham Minh Chinh on November 1. The event was connected with participants in the UK, the Czech Republic, Hong Kong (China), Indonesia, and Australia via teleconferencing. It saw the presence of representatives of Vietnamese and international financial institutions, enterprises, banks, investment funds, and law and auditing companies.

According to Vietnam News Agency, the Prime Minister emphasized the strategic importance of establishing an IFC in Vietnam to fortify the country’s position in the global financial network. The conference aimed to explore potential opportunities and partnerships that could facilitate the creation of this financial hub. Participants discussed various models and strategies that have been employed in other international financial centres around the world.

The involvement of international participants highlighted the global interest in Vietnam’
s financial market. The discussions also focused on the regulatory frameworks and infrastructure needed to support the development of an IFC in Vietnam. The Prime Minister expressed optimism that the establishment of such a centre would attract more foreign investment and enhance Vietnam’s economic development.