(VOVWORLD) - Putting the International Financial Center (IFC) into operation marks the start of a comprehensive renewal in the scale, quality, and effectiveness of Vietnam’s financial market, with wide spillover effects across all sectors and stakeholders, Prime Minister Pham Minh Chinh said on Sunday.
 PM Pham Minh Chinh addresses a conference on the establishment of Vietnam’s International Financial Center, Hanoi, December 21, 2025. |
Speaking at a conference on the IFC’s establishment, the Prime Minister said the move will elevate Vietnam’s standing, shifting the country from being seen merely as a “processing workshop” to a key link in the global financial security network.
The IFC will create an efficient, large-scale, low-cost channel to mobilize capital for strategic infrastructure development without raising the public debt ceiling.
He stressed that the IFC’s greatest value lies not only in financial gains, but in renewed governance thinking and the adoption of modern technologies. International competition will drive stronger administrative reform, greater transparency, and deeper digitalization.
All investor difficulties at the Center must be addressed through special procedures via an on-site one-stop mechanism, and reported directly to the Prime Minister if they exceed delegated authority, he said.
The Prime Minister called on partners and international investors to continue trusting and accompanying Vietnam, and to bring capital, technology, management expertise, and talent to the country with a long-term, sustainable investment approach.