Vietnam International Financial Center Council holds fourth executive meeting

The Executive Council of the International Financial Center (IFC) held its fourth meeting on October 22, chaired by Deputy Prime Minister Nguyen Van Thang. The session focused on finalizing the development plan through 2035 and establishing the center's operational regulations.

According to reports from the Ministry of Finance, administrative resources, including staffing, funding, and technological infrastructure, have been approved for the two local operating agencies. Various international banks, securities companies, and asset management organizations have already signed memorandums of understanding or submitted applications to become members.

The meeting addressed the coordination between the operating centers in Ho Chi Minh City and Da Nang. The Ministry of Finance recommended standardizing business processes, implementing a ‘one-stop’ mechanism, and defining specific product roles for each city to ensure efficient inter-location cooperation.