Under Decision No. 01/QD-HDDHTTTC of the Chairman of the Executive Council of the International financial Center (IFC) in Vietnam, signed by the Permanent Deputy Prime Minister Nguyen Hoa Binh, who is also Chairman of the IFC Executive Council, a Secretariat (the “Assisting Body”) for the IFC Executive Council has been established.
According to the Decision, this unit will provide direct support to the Chairman of the IFC Executive Council in organizing activities, coordinating general affairs, and monitoring the progress of the formation, operation, and development of the International Financial Center (IFC) in Vietnam.
The Secretariat will work closely with the local IFC Executive Agencies in Ho Chi Minh City and Da Nang, where the IFC is headquartered, as well as other relevant authorities, to fulfill assigned tasks.
A core responsibility of the Secretariat is to develop work plans and action programs for submission to the IFC Executive Council Chairman, while simultaneously monitoring and urging the implementation of approved programs.
In addition, the body will participate in drafting and reviewing the system of regulations, rules, and documents under the IFC Executive Council’s jurisdiction. It will also serve as the primary focal point for receiving and synthesizing recommendations from the local executive agencies to report to competent authorities for consideration and decision-making.
Furthermore, the Secretariat is tasked with ensuring a seamless flow of information between the Chairman, Vice Chairpersons, and members of the IFC Executive Council, as well as between the IFC Executive Council and the local executive agencies.
Beyond its advisory role, the Secretariat is responsible for implementing international cooperation and conducting media and communication efforts regarding the orientations, policies, and operational mechanisms of the IFC. It will also prepare periodic and ad-hoc reports and propose solutions for issues arising during the project’s operation.
The unit is led by a Chief of Office, who is accountable to the IFC Executive Council Chairman, and to the law for all activities of the unit, as well as for the management of officials, civil servants, finance, and assets.
Hoang Son
