Luong Nguyen Minh Triet appointed top leader of central Vietnam hub Danang

Luong Nguyen Minh Triet, deputy Party chief of Danang and Chairman of the municipal People's Committee, has been appointed the city's Party chief - the highest position in the locality.

The decisions of the Politburo and the Central Party Committee's Secretariat were announced at a ceremony on Saturday in the city, with the witness of Le Minh Hung, a Politburo member and head of the Central Party Committee's Organization Commission.

Triet, also an alternate member of the Party Central Committee, will hold the position for the 2020-2025 term.

He replaced Nguyen Van Quang who last Saturday was appointed standing deputy chief of the Government Inspectorate.

Triet was born in 1976. His home town is Quang Nam province, now part of Danang city after a recent merger of the two localities. He has a master's degree in business administration and was a Silicate Technology engineer.

He used to be Secretary of the Danang City Youth Union; Secretary of the Lien Chieu district Party Committee; Chairman of the Danang city Labor Federation; Chief of Office of the Danang Party Committee; and Secretary of the Hai Chau district Party Committee.

In October 2020, he was elected Deputy Secretary of the Danang Party Committee, or deputy Party chief of the city.

Later, he held the position of standing Deputy Secretary of the city Party Committee (standing deputy Party chief) and Chairman of the city People's Council.

In January 2025, the Politburo appointed him Secretary of the Quang Nam province Party Committee (the province's Party chief) for the 2020-2025 term.

From July 1, 2025, Triet was appointed Chairman of the Danang People's Committee.

In other news, the Central Party Committee's Secretariat decided that Pham Duc An, Deputy Secretary of the Quang Ninh province Party Committee and Chairman of the People's Committee, will hold the position of Deputy Secretary of the Danang Party Committee for the 2020-2025 term and introduced him to be elected as Chairman of the Danang People's Committee for the 2021-2026 term.

Pham Duc An was born in 1970. His home town is Nghe An province. He has a bachelor's degree in economic law, a bachelor's degree in banking & finance, and a master's degree in business administration.

An has many years of experience in the banking industry, holding the following positions: Party chief and director of the Hung Yen province branch of state-controlled BIDV bank; deputy general director of BIDV; general director of Vietnam-Russia Joint Venture Bank (VRB); and chief of office of the State Bank of Vietnam.

Since May 2020, An has been the wholly state-owned Agribank's Party chief and chairman of the board of members.

On December 10, 2024, he was appointed to hold the position of Deputy Secretary of the Quang Ninh province Party Committee. He was later elected as Chairman of the People's Committee of Quang Ninh province for the term 2021-2026.

A resolution on the development of an international financial center in Vietnam was passed by the National Assembly, the country’s legislature, on June 27 and will take effect on September 1.

Accordingly, Vietnam will build one international financial center located in both Ho Chi Minh City and Danang, with unified management and development of separate products based their own strengths.

HCMC in the south is the country's biggest economic hub, while Danang is the heart of the central region in terms of economic and tourism aspects.

The international financial center section in HCMC will house capital markets, banks, currency markets, testing mechanisms (sandboxes) on fintech, innovation in the financial sector, specialized trading floors, and new trading platforms.

The Danang section will develop green finance, apply financial technology, and promote digital services. The city will also test digital assets and digital currencies under control; promote payments; and attract investment funds, remittance funds, and small and medium-sized fund management companies.