Prime Minister: "Create breakthrough mechanisms to develop key new products for the Financial Centre"

On the afternoon of June 2, 2026, Prime Minister Le Minh Hung chaired a high-level meeting on the continued implementation and development of the Vietnam International Financial Centre (VIFC). The meeting was attended by Deputy Prime Minister Nguyen Van Thang, Minister of Finance Ngo Van Tuan, Governor of the State Bank of Vietnam Pham Duc An, alongside leaders from various ministries, central agencies, and the two key municipalities of Ho Chi Minh City and Da Nang.

At the meeting, the Prime Minister directed relevant authorities to urgently finalize all necessary conditions to operationalize the Centre in strict accordance with Conclusion No. 18 of the Central Committee. Under the "one centre, two destinations" model established by National Assembly Resolution No. 222/2025/QH15 and supported by eight guiding decrees, the VIFC has completed a substantial workload regarding its legal framework, while progressively consolidating its personnel structure and urban infrastructure planning for the core zones in Ho Chi Minh City and Da Nang.

Against the backdrop of fierce competition from global financial hubs, the Prime Minister reaffirmed that the overarching objective is to establish a transparent, robust regulatory corridor. This framework aims to attract strategic investors and unlock medium- and long-term capital flows. To secure an operational breakthrough, the Prime Minister appointed Deputy Prime Minister Nguyen Van Thang as Chairman of the Executive Board, tasking him with the direct oversight and finalization of the Operational Regulations before June 10, 2026.

The strategic priority for June 2026 centers on constructing a portfolio of key new financial products and services. These will initially be anchored in trade, investment, and financial technology (fintech) to service flagship infrastructure projects. Concurrently, a central-level inspection and supervisory mechanism will be established to mitigate risks and ensure macroeconomic stability. The breakthrough development of the VIFC is poised to not only propel the twin growth engines of the Viet Nam International Financial Center in Ho Chi Minh City (VIFC-HCMC) and the Viet Nam International Financial Center in Da Nang City (VIFC-DN) but also elevate Vietnam’s strategic standing within the international financial system.