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An international financial center will help connect Vietnam with the global economy: Deputy PM  

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(VOVWORLD) - The Government will work to ensure that policies and mechanisms for a planned international financial center are attractive to investors, while balancing benefits among the state, the investors, and the public, said Deputy Prime Minister Nguyen Hoa Binh on Tuesday while chairing a conference on the National Assembly’s Resolution on establishing such a center in Vietnam.

An international financial center will help connect Vietnam with the global economy: Deputy PM   - ảnh 1 Deputy Prime Minister Nguyen Hoa Binh chairs a conference on the National Assembly’s Resolution on establishing an international financial center in Vietnam, May 20, 2025. (Photo:  VGP)

He emphasized that Vietnam intends to develop an international financial center that will operate in Da Nang and Ho Chi Minh City. Such a center will serve as a crucial foundation for Vietnam to integrate with the global economy as well as a strategic solution to accelerate growth.

"The decision to develop an international financial center is a strategic breakthrough—bold, yet absolutely necessary. Although we are a latecomer, we possess all the essential conditions for success. The appeal of the financial center will not lie solely in the policies we implement, but also in Vietnam’s dynamic economy, rich in potential and with ample room for growth," said Deputy PM Nguyen Hoa Binh. 

Vietnam is committed to creating a legal corridor that will comply with international law while making the most of its advantages and encouraging innovation, according to the Deputy PM.

 

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