Ho chi minh city: Prime Minister Pham Minh Chinh on August 2 instructed Ho Chi Minh City and Da Nang city to mobilise resources and lay the groundwork for the development of Vietnam’s International Financial Centre (IFC). The leader made the request while chairing a conference in HCM City on the implementation of the National Assembly’s Resolution No. 222/2025/QH15 on the IFC. Top government and city officials attended the event along with international experts.

According to Vietnam News Agency, the conference focused on strategies to transform Ho Chi Minh City and Da Nang into major financial hubs in the region. The Prime Minister emphasized the importance of aligning the cities’ development plans with international standards and practices to attract global investors.

The IFC initiative is part of a broader national strategy to enhance Vietnam’s economic position and integrate it further into the global financial system. Experts at the conference discussed various approaches to infrastructure development, regulatory reforms, and partnership opportunities that could accelerate the establishment of the IFC.

The involvement of international experts at the conference underscores Vietnam’s commitment to learning from global financial centers and adopting best practices to ensure the success of its own IFC. The Prime Minister’s directive is seen as a significant step towards achieving Vietnam’s long-term economic goals.