Prime Minister Pham Minh Chinh and leaders of the Central Government, Ho Chi Minh City and Da Nang attended the ceremony to announce the establishment of the regional and international financial center in Vietnam.

On the morning of January 4, 2025, in Ho Chi Minh City, Prime Minister Pham Minh Chinh attended a conference to announce the Government's Resolution promulgating an action plan to implement the Politburo's Conclusion on building a regional and international financial center in Vietnam.

Also attending were Permanent Deputy Prime Minister Nguyen Hoa Binh, Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen, and leaders of ministries, sectors, Ho Chi Minh City and Da Nang.

According to Conclusion 47/2024, the Politburo has agreed to the policy of establishing a comprehensive international financial center in Ho Chi Minh City and a regional financial center in Da Nang City.

Financial centers are subject to a special management mechanism that is superior to current regulations, competitive but must be accompanied by appropriate monitoring and risk management mechanisms; learning from experience as they go, not being hasty but also not being perfectionist, losing opportunities; resolutely abandoning the mindset of "if you can't manage it, ban it".

Prime Minister Pham Minh Chinh and leaders of the Central Government, Ho Chi Minh City and Da Nang attended the ceremony to announce the establishment of the Regional and International Financial Center in Vietnam.

According to the roadmap, from now until 2030: Issue and immediately implement eight groups of policies that are consistent with international practices, suitable for Vietnam's conditions and need to be applied immediately; at the same time, pilot six groups of popular policies in major financial centers around the world but need a roadmap for application to suit Vietnam's actual conditions.

From 2030 to 2035, the organization will fully implement the common policy groups in major financial centers around the world, in accordance with the actual conditions in Vietnam.

On the same afternoon, Prime Minister Pham Minh Chinh will attend a conference to announce the planning of Ho Chi Minh City for the 2021-2030 term, with a vision to 2050.

Prime Minister Pham Minh Chinh at the ceremony announcing the establishment of the Regional and International Financial Center in Vietnam, morning of January 4.

According to Decision 1711 of the Prime Minister, the Ho Chi Minh City Planning for the period 2021-2030, with a vision to 2050, sets out the general goal that by 2030, Ho Chi Minh City will be a global, civilized, modern, compassionate, dynamic and creative city.

It is a city with high-quality human resources, modern services and industry, a locomotive of green economy, digital economy, digital society, economic, financial, trade-service, cultural, educational, scientific and technological center of the country.

Ho Chi Minh City has deep international integration, a prominent position in the Southeast Asian region, economic growth rate and GRDP per capita are among the top in the country and surpass the high-income threshold; it is a city with high quality of life, rich identity, sustainable environment, and adaptation to climate change.

Permanent Deputy Prime Minister Nguyen Hoa Binh spoke at the ceremony.

Vision to 2050, Ho Chi Minh City is an attractive and sustainable global city; economic, financial and service center of Asia; economic and cultural development is unique; people have high quality of life; is the nucleus of Ho Chi Minh City and the Southeast region; growth pole of the whole country.

Notably, the urban system planning scheme clearly states that by 2030, Ho Chi Minh City will continue to be developed into a special urban area including a central urban area and six affiliated urban areas, including Thu Duc City as a type I urban area and five satellite cities that basically meet the standards to be upgraded to a city (including Cu Chi, Hoc Mon, Binh Chanh, Nha Be, and Can Gio).

The city space is organized in a multi-center, multi-functional direction and forms creative knowledge urban areas, industrial - urban - service zones with the model of a city within a city.

“After 2030, start building urban areas according to the multi-center city model, including: central urban area, Thu Duc urban area, Cu Chi - Hoc Mon urban area, Binh Chanh urban area, District 7 - Nha Be urban area and Can Gio urban area (marine ecological urban area)” - the plan clearly states and sets the goal that by 2050, Ho Chi Minh City will be completed according to the multi-center city model.