GOVERNMENT APPROVES PERSONNEL FOR THE GOVERNING COUNCIL OF THE VIETNAM INTERNATIONAL FINANCIAL CENTRE

HANOI — Prime Minister Le Minh Hung has officially signed and promulgated Decision No. 186/QD-TTg, approving the membership of the Governing Council of the Vietnam International Financial Centre.

Under the decision, Deputy Prime Minister Nguyen Van Thang will assume the role of Council Chairman. Deputy Minister of Finance Nguyen Thi Bich Ngoc has been appointed as the Standing Vice Chairwoman. The three Vice Chairmen of the Council include the Governor of the State Bank of Vietnam Pham Duc An, the Chairman of the Ho Chi Minh City People's Committee Nguyen Van Duoc, and the Chairman of the Da Nang City People's Committee Nguyen Manh Hung.

The Governing Council also comprises 10 Commissioners, who are leaders at the deputy minister level and equivalent from relevant ministries and sectors. These include the Ministry of National Defence, the Ministry of Public Security, the Ministry of Justice, the Ministry of Home Affairs, the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development, the Ministry of Natural Resources and Environment, the Ministry of Science and Technology, the Ministry of Foreign Affairs, the Ministry of Education and Training, alongside leaders from the Office of the Government. The broad participation of these ministries and sectors is designated to strengthen the inter-disciplinary coordination mechanism throughout the construction, operation, and development of the Vietnam International Financial Centre.

The Governing Council is tasked with directing and uniformly coordinating the construction, operation, and development of the Vietnam International Financial Centre. Concurrently, the Council will spearhead the formulation of institutional frameworks and policies in a centralized and seamless manner, ensuring independence, professionalism, transparency, efficiency, and alignment with international best practices.

Within the approved organizational structure, the Ministry of Finance will serve as the standing body, performing advisory and assisting duties for the Council while proactively proposing development mechanisms and policies. Furthermore, the Council will issue development strategies and roadmaps tailored to the practical conditions and demands of Ho Chi Minh City and Da Nang, while providing recommendations on the appointment of leadership for the executive bodies in both localities.

Notably, the standing body will collaborate closely with the two cities to define the portfolio of financial products and services for the Vietnam International Financial Centre. In the immediate future, efforts will focus on products and services tied to trade and investment to attract resources dedicated to the development of the Viet Nam International Financial Center in Ho Chi Minh City (VIFC-HCMC), the Viet Nam International Financial Center in Da Nang City (VIFC-DN), and key national infrastructure projects.