(Chinhphu.vn) – According to Nguyen Van Nen, Secretary of the Ho Chi Minh City Party Committee, the financial center will serve as a powerful engine for growth, attracting capital at competitive costs to promote innovation, develop high-tech financial products, and support the advancement of enterprises and the startup community.

Affirming Vietnam’s position on the global financial map

On January 4, in Ho Chi Minh City, Prime Minister Pham Minh Chinh chaired the conference announcing the Government’s Resolution issuing the action plan to implement the Politburo’s Conclusion on developing a regional and international Financial Center in Ho Chi Minh City.

Speaking at the conference, Politburo member and Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen stated that the establishment of the Financial Center in Ho Chi Minh City is a clear testament to the Central Government’s strategic vision, the strong commitment and determination of the Party Committee and local authorities, as well as the consensus of the people and the business community in building a transparent, efficient, and sustainable financial ecosystem.

The event marks a great source of joy, bringing renewed positive energy and making an important contribution to Ho Chi Minh City’s efforts to successfully achieve its assigned goals and tasks.

At the same time, it will also serve as a center for innovation, leading the fintech sector in alignment with green and sustainable economic trends. The success of the Financial Center depends not only on policies but also on the collective commitment of businesses, investors, and the people in the Southern Key Economic Region and Ho Chi Minh City.

Mobilizing resources to develop infrastructure

Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen also stated that the city has now established its organizational apparatus and directed the preparation of numerous important tasks, both immediate and long-term. This represents a political commitment to realizing the directives of the Central Government and the Prime Minister.

Ho Chi Minh City is fully determined to strictly implement the Politburo’s conclusion and the Government’s action plan, acting swiftly and decisively while urgently coordinating with central ministries and agencies to carry out synchronized solutions.

Accordingly, the city is implementing the Central Government’s directive on the city’s proactive role. Based on the Central Government’s decision to establish the National Steering Committee, Ho Chi Minh City will establish a local Steering Committee to coordinate the implementation of tasks within the city, with specific duties, plans, and action programs.

Planning the development space of the Financial Center includes conducting planning studies and designating the Financial Center area in accordance with the approved plan. At the same time, the city will study options to expand the planning area in connection with the Thu Thiem New Urban Area, ensuring ample and integrated development space, with priority given to the development of synchronized infrastructure.

Ho Chi Minh City is also focusing on preparing human resources for the management and operation of the International Financial Center, including training and developing talent, attracting high-quality professionals, and fostering innovation, research, and the application of science and technology—especially in the fields of finance and technology.

The city will study and propose special mechanisms and policies to encourage, attract, and safeguard the legitimate rights and interests of investors, financial institutions, banks, investment funds, and major financial organizations, thereby fostering the development of a safe, healthy, and sustainable financial market.

In addition, the city will focus on allocating and mobilizing resources for infrastructure development and the establishment of the International Financial Center in Ho Chi Minh City. Resources will be mobilized from various sources, including the state budget, international assistance, commercial loans, private investment, as well as community and social funding.

At the same time, the city will proactively strengthen communication and public outreach to build social consensus across sectors, levels, agencies, organizations, and units within the political system regarding the establishment of the International Financial Center in Ho Chi Minh City.

The city will continue to organize seminars and workshops, and seek further input from domestic and international experts and scholars.

According to Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen, the city now has many advisory organizations to help ensure that its development steps are appropriate, advanced, modern, and aligned with the practical conditions of Ho Chi Minh City and Vietnam.

Ngoc Tan