Chairman of the Economic and Financial Committee Phan Van Mai welcomed the Ambassador to visit the National Assembly and work with the Economic and Financial Committee; affirming that Vietnam always attaches importance to strengthening and developing friendly and cooperative relations with the United Kingdom of Great Britain and Northern Ireland. The two countries signed a Joint Statement on establishing the Vietnam - UK Strategic Partnership and by 2020 issued a new Joint Statement on Strategic Partnership with 7 priority areas of cooperation, while affirming that the two sides aim to elevate the relationship to a higher level in the next 10 years.
Chairman of the Committee Phan Van Mai was pleased to note that economic and trade cooperation between the two countries has continued to develop in recent times, achieving many important results. The UK is one of the countries with the highest trade growth with Vietnam in the European bloc.
Ambassador of the United Kingdom of Great Britain and Northern Ireland to Vietnam Iain Frew congratulated Chairman of the Economic and Financial Committee Phan Van Mai on his new position; wishing the cooperation between the two countries to be increasingly effective and sustainable.
Sharing about the operation method of the London Financial Center, the Ambassador said that the three key points for the development of this Center are the legal framework, high-quality human resources and modern infrastructure. With Vietnam establishing an international financial center in two major cities, Ho Chi Minh City and Da Nang, the Ambassador said that first of all, it is necessary to pay attention to creating a sustainable legal framework, creating favorable conditions for the operation of this Center; at the same time, focus on developing neighboring cities to provide services and support activities for the financial center...
The Ambassador pledged that the UK will support and accompany Vietnam in building and developing an international financial center in many forms, especially through free trade agreements of which both countries are members.
Chairman of the Economic and Financial Committee Phan Van Mai affirmed that the construction of an international financial center in Vietnam in the current context is necessary and reasonable. This will contribute to connecting Vietnam with the global financial market, promoting trade with the international market, attracting foreign financial investment, creating new investment resources, contributing to bringing Vietnam deeper into the global economic value chain, enhancing Vietnam's position in the international arena. At the same time, it will contribute to promoting the implementation of strategic breakthroughs (in terms of institutions, infrastructure, human resources), restructuring the economy associated with growth model innovation.
Regarding the ability to respond, Chairman of the Committee Phan Van Mai affirmed that with the strength of economic growth and political stability, Vietnam is fully capable of connecting with financial centers in the region and the world. Vietnam currently has an integrated economy with great openness, having signed 17 free trade agreements with over 65 leading economies in the world; the scale of import and export is about 800 billion USD. The Chairman of the Economic and Financial Committee also stated that the two cities of Ho Chi Minh City and Da Nang have many advantages in terms of economy, politics, and geographical location in building and developing an international financial center.
On that basis, the Vietnamese Government has submitted to the National Assembly for consideration a draft Resolution on the International Financial Center in Vietnam at the Ninth Session which will open on May 5 with the policy of establishing an International Financial Center but located in two cities, Ho Chi Minh City and Da Nang. In which, many policies are built and expected to be applied immediately and some policies are piloted according to the roadmap in accordance with international practices.
Thanking the British Government and The City UK for their support in drafting this Resolution, Chairman of the Economic and Financial Committee Phan Van Mai said that in the coming time, the Committee will work with the Ministry of Finance to continue to revise and complete the draft Resolution to submit to the National Assembly for consideration and approval at the upcoming Ninth Session. Chairman of the Committee Phan Van Mai hopes that the Embassy of the United Kingdom of Great Britain and Northern Ireland will continue to support and provide technical comments to ensure feasibility and effectiveness in the promulgation and construction of the International Financial Center in Vietnam.
Ambassador Iain Frew hopes and believes that the Vietnamese National Assembly will continue to successfully carry out its tasks of perfecting economic institutions and laws, removing legal obstacles, contributing to creating a transparent and open investment and business environment for foreign investors, including British investors, in accordance with the agreed market opening commitments. Thereby, further tightening the multifaceted cooperation that is developing well between the two countries, creating new momentum for economic cooperation.
Informing about the functions and tasks of the Economic and Financial Committee, Chairman of the Committee Phan Van Mai affirmed that in the process of performing the assigned functions and tasks, the Committee always strives to contribute to promoting the deeper development of the friendship and cooperation between the two countries, as well as the investment cooperation between enterprises of the two countries.
At the meeting, the two sides discussed further the roadmap for applying special consumption tax; reciprocal tax and solutions to diversify exports...
Source: https://daibieunhandan.vn/chu-nhiem-uy-ban-kinh-te-va-tai-chinh-tiep-dai-su-vuong-quoc-anh-va-bac-ireland-post411896.html
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