Nguyen Van Nen, Party Secretary of Ho Chi Minh City, has been assigned the additional role of leading the Steering Committee for the development of a regional and international financial center in Vietnam.

During a meeting on January 2, Party Secretary Nguyen Van Nen presided over discussions to prepare for the announcement of the Government's resolution on implementing the Politburo's Conclusion No. 47. This conclusion emphasizes the establishment of a regional and international financial center in Vietnam, with Ho Chi Minh City at its core.

The meeting concluded with the decision to establish a Steering Committee for the development of Ho Chi Minh City’s financial center. Nguyen Van Nen will serve as the committee’s head, alongside 29 members comprising key leaders from relevant agencies.

Additionally, a support team was formed under the leadership of Ho Chi Minh City People’s Committee Chairman Phan Van Mai.

This team is tasked with managing operations, overseeing preparations, and drafting a proposal to be presented to the National Assembly during its May 2025 session.

Speaking at the meeting, Nguyen Van Nen highlighted the long-term preparations for this initiative, which have included extensive research, collaboration with international experts, and studies of successful global financial hubs.

The city has also hosted workshops and discussions to gather insights from domestic and international experts and stakeholders.

“The financial center, once operational, will serve as a new engine for Ho Chi Minh City’s rapid growth and breakthrough development,” said Nguyen Van Nen.

The financial center is expected to attract leading investors in banking, investment funds, and financial enterprises from the region and the world.

The establishment of the financial center will facilitate access to international capital for Ho Chi Minh City and its businesses, supporting production and trade.

It is also seen as a crucial step toward fostering expanded connections for infrastructure projects, including urban railways, ring roads, and ports, while drawing high-quality human resources to the city.

Nguyen Van Nen emphasized that this initiative aligns with Ho Chi Minh City’s vision of becoming a regional and global leader in economic innovation and integration.

Ho Van