The Deputy Prime Minister is Chairman of the Executive Council of the International Financial Center

The content is stated in Decision 1186 of Prime Minister Le Minh Hung dated July 6, approving the Executive Council of the International Financial Center in Vietnam.

Accordingly, the position of Chairman is assumed by Deputy Prime Minister Nguyen Van Thang. The Standing Vice Chairman of the Council is Deputy Minister of Finance Nguyen Thi Bich Ngoc.

The three Vice Presidents include Governor of the State Bank Pham Duc An, Chairman of Ho Chi Minh City People’s Committee Nguyen Van Duoc and Chairman of Da Nang City People’s Committee Nguyen Manh Hung.

The Council also has 10 members who are leaders of ministries and branches including: Ministry of National Defense, Public Security, Justice, Home Affairs, Industry and Trade, Agriculture and Environment, Science and Technology, Foreign Affairs, Education and Training, and Government Office.

According to the decision, the Council builds, operates and develops the International Financial Center, and at the same time orients the building of institutions and policies for uniform application, ensuring independent, professional, transparent, safe operations and in accordance with international practices.

This agency also issues strategies, roadmaps, and plans to develop the International Financial Center based on the conditions and needs of Ho Chi Minh City and Da Nang. They will coordinate between ministries and localities, mobilize resources, promote international cooperation and give opinions on the appointment and dismissal of the Chairman of the Executive Agency in the two cities.

The Ministry of Finance is the standing agency of the Council, responsible for advising and monitoring the activities of the International Financial Center, proposing mechanisms and policies to develop new products and handle difficulties and problems that arise.

The international financial center in Vietnam was established according to the Resolution of the National Assembly dated June 27, 2025, with the “one center, two destinations” model, located in Ho Chi Minh City and Da Nang. The centers in both cities officially operated from the beginning of this year.

Vietnam aims to maintain a double-digit growth rate for many years to come, aiming to become a high-income developed country by 2045. The international financial center is identified as an institutional breakthrough to mobilize high-quality financial and human resources to achieve high growth goals.