Decision No. 114/QD-BCDTTTC 2025 on the Action Plan for the establishment of International Financial Centers in Vietnam

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Decision No. 114/QD-BCDTTTC dated August 01, 2025 of the Steering Committee for the International Financial Center in Vietnam on promulgating the Action Plan for the establishment of the International Financial Centers in Vietnam
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Official number:114/QD-BCDTTTCSigner:Pham Minh Chinh
Type:DecisionExpiry date:Updating
Issuing date:01/08/2025Effect status:
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Fields:Finance - Banking

SUMMARY

Plan for the Establishment of International Financial Centers in Vietnam

On August 1, 2025, the Steering Committee for the International Financial Center in Vietnam issued Decision No. 114/QD-BCDTTC, effective from the date of signing, to implement the plan for establishing the International Financial Centers (IFC) in Vietnam.

This Decision applies to agencies, organizations, and individuals involved in the construction and operation of the IFCs in Ho Chi Minh City and Da Nang.

Objectives by the end of 2025

  1. Operation of the IFCs: To commence operations of the IFCs in Ho Chi Minh City and Da Nang by the end of 2025, aiming to attract financial resources and promote socio-economic growth.

  2. Legal framework: To complete a specific legal framework for the IFCs, ensuring consistency and transparency, thereby facilitating the participation of international investors and major financial institutions.

  3. Infrastructure and services: To develop essential infrastructure and services in the two cities to support the IFCs, with the completion of several key infrastructure projects by the end of 2025.

  4. Financial ecosystem: To build a modern financial ecosystem, including new markets and high-tech financial services.

  5. Coordination mechanism: To establish an effective coordination and supervision mechanism to ensure close cooperation among ministries, sectors, and localities.

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Effect status: Known

THE STEERING COMMITTEE
FOR THE INTERNATIONAL FINANCIAL CENTER IN VIETNAM

_______
No. 114/QD-BCDTTTC

THE SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
_________________
Hanoi, August 01, 2025

DECISION

On promulgating the Action Plan for the establishment of the International Financial Centers in Vietnam

__________________

HEAD OF THE STEERING COMMITTEE
FOR THE INTERNATIONAL FINANCIAL CENTER IN VIETNAM

 

Pursuant to the Law on Organization of the Government dated February 18, 2025;

Pursuant to the Law on Organization of Local Administration dated June 16, 2025;

Pursuant to Resolution No. 222/2025/QH15 of the National Assembly on the International Financial Center in Vietnam;

Pursuant to Decree No. 39/2022/ND-CP dated June 18, 2022, of the Government, promulgating the Working Regulation of the Government;

Pursuant to Decision No. 23/2023/QD-TTg dated December 10, 2023, of the Prime Minister, on the establishment, organization and operation of inter-sectoral coordination organizations;

Pursuant to Notice No. 47-TB/TW dated November 15, 2024, of the Politburo, on the establishment of regional and international financial centers in Vietnam;

Pursuant to Official Dispatch No. 14719-CV/VPTW dated May 06, 2025, and Official Dispatch No. 15162-CV/VPTW dated June 02, 2025, of the Office of the Party Central Committee, on the Politburo’s opinions regarding the submission on the esstablishment of the International Financial Center in Vietnam;

Pursuant to Decision No. 1646/QD-TTg dated August 01, 2025, of the Prime Minister, on establishing the Steering Committee for the International Financial Center in Vietnam;

At the proposal of the Minister of Finance.

 

DECIDES:

 

Article 1. To promulgate together with this Decision the Action Plan for the establishment of the International Financial Centers in Vietnam.

Article 2. This Decision takes effect from the date of its signing.

Article 3. Ministers, Heads of ministerial-level agencies, Heads of Government-attached agencies, Chairpersons of the People’s Committees of Ho Chi Minh City and Da Nang City, organizations and individuals concerned shall implement this Decision./.

 

 

HEAD OFF THE STEERING COMMITTEE




PRIME MINISTER
Pham Minh Chinh

 

 

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