Vietnam to establish int'l financial centers

Xinhua, May 23, 2025
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Vietnamese Prime Minister Pham Minh Chinh on Thursday agreed to build international financial centers in southern hub Ho Chi Minh City and central Da Nang city, Vietnam News Agency reported.

Chairing a meeting of the steering committee for regional and international financial centers in Vietnam, the government's leader said these centers must be developed with distinctive features.

He directed relevant ministries and agencies to draft a comprehensive action plan for the centers to be submitted for approval.

The primary objective is to attract both direct and indirect medium- and long-term capital from public and private sectors to drive rapid and sustainable national development, he said.