Da Nang focuses on creating a favorable financial environment for SMEs and start-ups.

Permanent Vice Chairman of Da Nang City People's Committee Ho Ky Minh delivered the opening speech at the seminar.

Attending the seminar were representatives of city leaders, experts from the International Finance Corporation (IFC) - a member of the World Bank Group; the Preparatory Board of the management and operation agency of the Vietnam International Finance Center in Da Nang; representatives of ministries, branches, central agencies; and many experts from international organizations, training institutions, research institutes, business associations and enterprises in related fields.

In his opening speech, Standing Vice Chairman of the People's Committee of Da Nang City, Ho Ky Minh, emphasized that, following the Central Government's orientation, the existing foundation and strengths, the Vietnam International Financial Center in Da Nang City will develop based on three main pillars: green finance, trade finance and financial technology, and digital assets.

Da Nang is determined to become a "laboratory" for new financial models, from digital assets, digital currencies, digital payments to blockchain and artificial intelligence application solutions, along with the strong development of fund management activities to support financial technology startups.

At the same time, the units also encourage green financial products and initiatives to accompany the country's net zero emissions target and the international sustainable development vision, promoting the potential of renewable energy and sustainable tourism .

Standing Vice Chairman of the People's Committee of Da Nang City, Ho Ky Minh, added that Da Nang also focuses on developing cross-border trade finance associated with seaports, logistics, international tourism, along with offshore financial services (financial activities carried out outside the host country) for organizations, FDI enterprises and global investors.

In particular, focus on creating a favorable financial environment for small and medium enterprises (SMEs) as well as innovative start-ups, aiming to create a diverse, dynamic and creative financial ecosystem associated with core values such as green, smart, digital, innovative, inclusive and customer-centric, bringing good quality of life.

Mr. Richard Dean McClellan, former Country Director of the Tony Blair Institute in Vietnam, Vice Chairman of the Advisory Council for the construction of the Vietnam International Financial Center in Da Nang city, spoke at the seminar.

"To implement this orientation, the city has consulted and coordinated with central ministries and branches to complete the legal framework and develop decrees related to the international financial center in Vietnam. It is expected that the decrees will be submitted for promulgation before November 15," added Standing Vice Chairman of the People's Committee of Da Nang City, Ho Ky Minh.

Taking place on November 6 and 7, the seminar aims to exchange and share international experience in management, operation and development of key financial sectors serving the formation and development of the Vietnam International Financial Center in Da Nang city, including: trade finance and secured financial products; support services for third-party trade finance; non-deposit lending institutions; sustainable finance (including green finance); digital asset development; commodity trading floor development...

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Source: https://nhandan.vn/da-nang-chu-trong-tao-dung-moi-truong-tai-chinh-thuan-loi-cho-doanh-nghiep-sme-start-up-post921024.html