Speaking at a government meeting in Hanoi on Tuesday, he said the goal is to build a center with a transparent, clear and robust legal framework capable of attracting global investors. The PM stressed the need for breakthrough policies and mechanisms to support its development.

Mr. Hung described the IFC as a key solution for mobilizing medium- and long-term capital to support Vietnam’s rapid and sustainable growth. He said Vietnam must offer competitive incentives to attract investors while ensuring effective oversight, risk management, macroeconomic stability, and sustainable development.

Deputy Prime Minister Nguyen Van Thang has been appointed Chairman of the IFC’s Governing Council.