HCM City Financial Center expected to debut in Q1 2025

Prime Minister Pham Minh Chinh has requested the Ministry of Planning and Investment and Ho Chi Minh City to urgently complete procedures to basically establish the city financial center in the first quarter of 2025.

The PM, who is also Chairman of the Coordinating Council for the Southeast Region, made the order while chairing the 5th meeting of the council, held in southern Ba Ria-Vung Tau province on December 2.

The southeast region consists of Ho Chi Minh City and provinces of Dong Nai, Binh Duong, Ba Ria - Vung Tau and Tay Ninh.

PM Chinh also asked relevant ministries, localities and agencies to speed up other key projects in the region, including Ring Road No.4 and the Can Gio international container transshipment port in Ho Chi Minh City, and a free trade zone and an offshore wind power industrial center in Ba Ria – Vung Tau province.

They were also instructed to accelerate regional connectivity projects, including one connecting Tan Son Nhat International Airport and Long Thanh International Airport; to complete necessary procedures for  the Binh Phuoc - Dak Nong and HCM City - Tay Ninh expressway projects in the first quarter of 2025 to soon begin their construction; and to consider the building  of the HCM City - Bien Hoa railway linked with Thi Vai - Cai Mep port in Ba Ria - Vung Tau and the projected Can Gio port in HCM City. 

PM Chinh applauded the region for positive results gained this year. The region’s total export revenue is estimated to reach $115.7 billion in 2024, increasing 11% year-on-year and accounting for 31% of the country’s total.

The region continues leading the country in FDI attraction, with over 21,000 projects and a total registered capital of more than $189 billion cumulatively, as of October 31.