The State Bank of Vietnam published a notice on the Prime Minister’s decision to establish an Operating Council for Vietnam’s International Financial Centre, naming the State Bank of Vietnam Governor as a vice chair and charging the council with setting the centre’s strategy, roadmap and development plans for Ho Chi Minh City and Da Nang. The council is chaired by the Standing Deputy Prime Minister, with vice chairs including the State Bank of Vietnam Governor, the Minister of Finance, and the chairpersons of the Ho Chi Minh City and Da Nang People’s Committees. Its remit includes issuing the centre’s operating rules based on proposals from the operating agencies in the two cities, providing views on the appointment and removal of the heads of those agencies, and resolving issues where the two city agencies do not agree. The decision also provides for an advisory council of domestic and international finance and legal experts, and for periodic reporting to the Government and the Prime Minister, including where matters fall outside the council’s authority.
State Bank of Vietnam 2025-12-19
State Bank of Vietnam Governor appointed vice chair of Operating Council for Vietnam’s International Financial Centre
The State Bank of Vietnam announced an Operating Council for Vietnam’s International Financial Centre, with the Governor as vice chair. Chaired by the Standing Deputy Prime Minister, the council will set strategy and development plans for Ho Chi Minh City and Da Nang, issue operating rules, and resolve inter-agency disputes. An advisory council of finance and legal experts will support it, reporting periodically to the Government and Prime Minister.