The Government has just issued Resolution No. 259/NQ-CP dated December 31, 2024 on promulgating the Action Plan to implement the Politburo’s Notice No. 47-TB/TW dated November 15, 2024 on building regional and international financial centres in Viet Nam.

The plan is issued to thoroughly grasp and ensure the drastic, effective, synchronous and comprehensive implementation of the guiding viewpoints, objectives and contents of the project to build regional and international financial centres in Viet Nam, which was approved by the Politburo in Notice No. 47-TB/TW.

The plan also clearly defines the contents, tasks, key operational solutions, presiding and coordinating agencies, submission levels, expected output products and specific completion time so that ministries, ministerial-level agencies, and agencies under the Government, Ho Chi Minh City and Da Nang, and relevant units can implement, inspect and evaluate the implementation of the action plan.

The focus is on institutionalising solutions, models, and policies to build regional and international financial centres in Viet Nam according to Notice No. 47-TB/TW.

Efforts are made to ensure harmony and synchronisation with strategies, planning, and socio-economic development plans in sectors and fields of each ministry, industry, and locality in order to optimise the feasibility of the action plan.

Agencies from the central to local levels closely coordinate and implement according to the progress and roadmap in accordance with the direction of the Politburo, establishing and operating the financial centres in Ho Chi Minh City and Da Nang in 2025.

Under the plan, tasks will concentrate on directing and coordinating inter-sectoral activities within the country and each locality; building and perfecting institutions and policies on financial centres; arranging and mobilising resources to build infrastructure and develop financial centres; establishing financial centres; and communicating and promoting investment.

Resources to implement the tasks and activities of the action plan will include State budget, international support, commercial loans and private investment, community and other social capital.

The Resolution will take effect from the date of signing and promulgation. Ministers, heads of ministerial-level agencies, heads of government agencies, Secretary of the Ho Chi Minh City Party Committee and Chairman of the People's Committee of Ho Chi Minh City, Secretary of the Da Nang Party Committee and Chairman of the People's Committee and relevant agencies are responsible for implementing this resolution.

Reporting by MAI QUE - Translating by M.DUNG, V.DUNG