The eight draft decrees guiding the implementation of the National Assembly’s Resolution No. 222/2025/QH15 on the International Financial Center.

Prime Minister Pham Minh Chinh has requested relevant
ministries and agencies to finalise and submit eight draft decrees guiding the
implementation of the National Assembly’s Resolution No. 222/2025/QH15 on the
International Financial Center (IFC) for the government’s approval before
November 15.

PM Chinh made the instruction while chairing the
Government’s thematic session held in Hanoi on November 4 to review the draft
decrees.

These decrees cover the establishment of an international
arbitration centre within the IFC; licensing and operations of banks, foreign
exchange management, combating money laundering, preventing financing for
terrorism and proliferation of weapons of mass destruction; formation and
operation of commodity exchanges; and the trading of goods and services within
the IFC. They also outline policies on labour, employment and social welfare,
land use and environmental management, finance; and the entry, exit and
residence of foreigners working in the IFC.

Government members agreed that the IFC will have one
steering committee, one executive board operating in two locations (Ho Chi Minh City and Da Nang), one
supervisory agency, and a dedicated court to handle disputes. Recruitment for
agencies within the IFC will follow international standards to secure top
talents.

VnEconomy-Kỳ Phong