HCM City IFC must be operational by February 9: PM
(VOVWORLD) - The International Financial Center (IFC) in Ho Chi Minh City must be officially put into operation no later than February 9 this year, Prime Minister Pham Minh Chinh said on Friday.
 PM Pham Minh Chinh speaks at the first meeting of the Steering Committee for the IFC in Vietnam, Hanoi, January 16, 2025. |
At the first meeting of the Steering Committee for the IFC in Vietnam, the PM stressed that the country’s proactive effort to redefine its role in the global financial network is inevitable and requires a shift in mindset from “participation” to “position-building.”
Vietnam aims to rank among the world’s top 75 financial centers and the top 25 in the Asia-Pacific region by 2035, he said. “As a latecomer, Vietnam must inherit, selectively adopt, and further develop the world’s best practices. We must succeed to bring tangible benefits to the nation.”
The Prime Minister noted that for an international financial center to succeed, it must be credible, trusted, stable, and predictable. Accordingly, policies must be transparent and consistent, procedures standardized, and innovation encouraged.