Prime Minister Pham Minh Chinh speaks at the meeting to gather public opinions on the National Assembly’s draft resolution on the establishment of an international financial center, May 22, 2025. (Photo: Lai Hoa)

Mr. Chinh made the request while chairing a meeting to gather opinions on the National Assembly’s draft Resolution on establishing such a center. 

PM Chinh, who is head of the steering committee on building regional and global financial centers, highlighted the need for a highly qualified, professional workforce and smart, modern governance.

PM Chinh also called for “liberalization’ following an appropriate, phased roadmap, saying its operation must respect market mechanisms, which must involve competition and adhere to the law of supply and demand and the law of value.

“It’s necessary  to ensure the leadership of the Party and the State, be transparent and open, and guarantee property rights and the freedom to conduct business. Management in this case means seamless infrastructure, an open institutional framework, and smart governance,” he said. 

According to the Prime Minister, all these factors should exceed those of existing international financial centers to ensure the center’s effective operation.