PRIME MINISTER DIRECTS: THE VIETNAM INTERNATIONAL FINANCIAL CENTRE MUST SOON BECOME FULLY OPERATIONAL

During a working session with the State Bank of Vietnam and the banking system on the morning of August 13, Prime Minister Le Minh Hung outlined key directions to boost capital market development, create new financial products, and soon put the Vietnam International Financial Centre into safe, transparent, efficient, and globally competitive operation.

At the same time, the Government requested solutions to mobilize international capital, including ODA, bilateral loans, and international bond issuances with suitable terms and interest rates, thereby creating more resources for socio-economic development.

This direction confirms that the Vietnam International Financial Centre must be developed and operated within the broader picture of Vietnam's financial market growth. It must continuously improve, drive the domestic financial market, and step by step elevate Vietnam’s financial position internationally.

The meeting also addressed key economic priorities, such as controlling inflation, maintaining macroeconomic stability, ensuring liquidity and system safety, and flexibly managing interest rates, exchange rates, and credit. Clearing capital flows for production, business, and key growth drivers remains a top priority.

Additionally, the Prime Minister requested continuous legal and institutional improvements in the monetary and banking sector, better inspection, supervision, and risk management, along with accelerated digital transformation, innovation, and capital market growth to supply more medium- and long-term funding for the economy.

Among these tasks, the Prime Minister highlighted the need to build financial products and operationalize the Viet Nam International Financial Center in a safe, transparent, efficient, and competitive manner. Alongside this, the Government will actively study ways to attract foreign resources—ranging from ODA and bilateral loans to global bonds - to support the country's socio - economic goals.