Members of the Steering Committee of the International Finance Center in Vietnam.

In his address at a conference in Ho Chi Minh City on implementing the National Assembly's Resolution on the International Financial Center in Vietnam, Prime Minister Chinh said the successful construction of the IFC will bring strategic and comprehensive benefits to Vietnam.

Specifically, in terms of capital flows, IFC helps Vietnam connect with the global financial market, attract international financial institutions and investment flows, and optimize domestic resources.

In terms of services, IFC helps develop a modern, internationally-standardized financial and banking services ecosystem. In terms of markets, IFC creates a qualitative breakthrough for the Vietnamese financial market, helps the market operate transparently, effectively, and in line with international standards.

In terms of national status, IFC enhances Vietnam's role, prestige and influence globally so as to participate more deeply in the global economic value chain.

Prime Minister Pham Minh Chinh speaks at the conference.

The International Financial Center is not a special urban area or a cluster of financial buildings, but first and foremost a unique institutional design, with space to experiment with new policies and models, and also a launching pad for future pillars of the national financial system, the Prime Minister added.

"We do not develop the International Financial Center just to welcome investors, but must proactively lead the new financial model, create space for emerging industries, motivate the development of digital assets, green economy, new pillars of the future financial system. There will be a spillover effect between the new financial model and the real economy, serving production, creating added value for all relevant entities, and inspiring participants to create a development future together, " according to PM Chinh.