Secretary Nguyen Van Nen is the head of the steering committee for the construction of the Ho Chi Minh City Financial Center.

The Steering Committee for the construction and development of the Ho Chi Minh City Financial Center was established with Ho Chi Minh City Party Secretary Nguyen Van Nen as head, with 29 members.

Ho Chi Minh City is being oriented to pilot an outstanding model, creating more opportunities for the city to develop into a financial center - Photo: THANH HA

On the morning of January 2, Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen chaired a meeting to listen to a report on preparations for organizing a conference to announce the Government's resolution promulgating an action plan to implement Conclusion No. 47 of the Politburo on building a regional and international financial center in Vietnam. The meeting agreed to establish a Steering Committee for the construction and development of the Ho Chi Minh City Financial Center, headed by Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen, with 29 other members who are heads of relevant agencies. At the same time, a working group was established, headed by Chairman of the Ho Chi Minh City People's Committee Phan Van Mai, with the task of directing and operating related contents. Prepare a project and submit it to the National Assembly at the May 2025 session. In his concluding remarks, Secretary Nguyen Van Nen said that the establishment of the financial center had been prepared by Ho Chi Minh City early and had many projects and research projects combined with study and work plans from other countries, experts, and managers; learning from major centers around the world. Ho Chi Minh City also organized seminars, discussions, and consulted with domestic and international experts and scientists; assigned responsibility to Ho Chi Minh City Financial Investment Company as the focal point, implementing, advising, and coordinating with central agencies.

Although the establishment of the financial center will not have results in 2025, this is the foundation for implementation in the following period, contributing to the growth of Ho Chi Minh City. This is also an opportunity to attract international investors, increase FDI capital into key economic sectors of Ho Chi Minh City.

SECRETARY OF THE HO CHI MINH CITY PARTY COMMITTEE NGUYEN VAN NEN

Mr. Nen requested the agencies to urgently issue regulations and operational plans. At the same time, assign the agencies to coordinate to prepare documents to submit to the National Assembly in the meeting in May 2025 as requested by the Government Standing Committee. In which, consulting, listening to advice, coordinating appraisal to build policies, mechanisms, legal corridors and investing in facilities, training human resources to ensure the operation of the financial center. In which, closely following Resolution 98 on special mechanisms for the development of Ho Chi Minh City to build appropriate mechanisms and policies. "This is an extremely important initial result. It is a new driving force for the city to accelerate, develop, and make a breakthrough in the coming time with the desire for double-digit growth. The city will attract many investors in the banking sector, investment funds, and large financial enterprises in the region and the world," Mr. Nen emphasized.

With a financial center, Ho Chi Minh City and businesses have more favorable access to international capital sources.

Secretary Nguyen Van Nen acknowledged that the establishment of a financial center will help Ho Chi Minh City and businesses in Ho Chi Minh City have more favorable conditions in accessing international capital sources, and have more options to effectively implement strategic plans in production and business. This is also an expanded connection to realize the goal of building urban railways, belt routes, and port systems; including attracting high-quality human resources to mobilize more resources... Mr. Nen requested that when building specific policies and mechanisms, in addition to building mechanisms for international financial centers, it is also necessary to calculate strategies, policies, and mechanisms in a number of other areas to open up greater prospects for Ho Chi Minh City. The Secretary of the Ho Chi Minh City Party Committee assigned agencies to proactively build plans and prepare for the core human resources of the financial center. Recruiting human resources from existing sources or attracting from other policies, to promptly send for short-term training at major international financial centers according to the training cooperation program of Ho Chi Minh City with many other places in the world. At the same time, prepare well the facilities, calculate to build advanced, modern infrastructure and have a roadmap to ensure completion, connection with digital infrastructure, communication - information...

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Source: https://tuoitre.vn/bi-thu-nguyen-van-nen-lam-truong-ban-chi-dao-xay-dung-trung-tam-tai-chinh-tp-hcm-20250102134445927.htm