Trading platforms at the Vietnam International Financial Centre in HCM City and Đà Nẵng city should be launched early and introduced to the global market, according to Permanent Deputy Prime Minister Nguyễn Hòa Bình.

 

Chairing a meeting in Hà Nội on March 6 to review the development strategy and operational framework for the International Financial Centre, Bình acknowledged the progress made by relevant ministries and localities in a short period of time. However, he noted that current efforts have largely focused on building the organisational structure and legal framework.

 

He emphasised that two tasks must proceed in parallel: continuing to finalise the legal and institutional framework, infrastructure and human resources, and launching concrete initiatives that can contribute to economic activities.

 

To that end, the Deputy PM directed the Ministry of Finance (MoF) to work with the Government Office to promptly organise a meeting with relevant ministries to finalise and approve the operational regulations for the centre. Once consensus is reached, the regulations should be issued without delay.

 

Regarding the governing council’s 2026 work plan, Bình asked the MoF to incorporate feedback from parties and particularly from HCM City and Đà Nẵng in order to complete the plan. The two cities, he said, should then develop their own operational plans based on the overall framework. He also called on local authorities to introduce at least one concrete initiative or activity each month to demonstrate progress.

 

The principle is to prioritise feasible initiatives first, such as agricultural exchanges and traditional services that meet immediate market demand, while more complex areas like fintech and regulatory sandboxes continue to be studied, he said. HCM City, for instance, is preparing to launch a national agricultural trading platform where international buyers could directly trade Vietnamese products such as rice, durian and seafood instead of relying on fragmented transactions.

 

With regard to policy mechanisms, the Deputy PM noted that the Government is preparing a decree to establish a regulatory framework for its management body. At the same time, local authorities may adopt more flexible and competitive personnel policies for the financial centre’s operating agencies if needed, as the Government’s regulations will serve as a general legal framework.

 

He also tasked ministries with accelerating preparations for supporting institutions, including dispute resolution bodies, supervisory mechanisms, and the establishment of a specialised court within the International Financial Centre in HCM City. — VNA/VNS

 

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