At the meeting, Chairman of Da Nang People's Committee Le Trung Chinh reported to the working delegation on the progress of building the International Financial Center as well as steps to build infrastructure, prepare human resources, determine functions, key areas...
On that basis, Da Nang proposed that the National Assembly soon issue a Resolution allowing the implementation of the International Financial Information Center model in Ho Chi Minh City and Da Nang, including specific role-sharing orientations for each locality to promote its own strengths. One of the notable recommendations is to propose a mechanism for exemption of responsibility for the team of cadres, civil servants, and public employees advising and implementing policies during the implementation of the International Financial Information Center model.
Since this is an unprecedented field in Vietnam, Da Nang City leaders believe that there should be a policy to protect those who dare to propose and act for the common good, without personal gain and without negative behavior. In case of objective errors, if they have been reported to superiors and there is no sign of profiteering, they should be considered for exemption or reduction of responsibility according to regulations.
Regarding investment incentive policies, Da Nang proposed to apply the highest incentive level, extend the exemption and reduction period of corporate income tax (from 4 years in the draft to 10 years) and personal income tax (until the end of 2035) to be equivalent and competitive with financial centers in Dubai, Singapore...
In addition, Da Nang also proposed to apply the highest investment incentive mechanism according to current law for strategic investors in building international financial infrastructure; establish a stock exchange exclusively for start-up, science and technology enterprises; allow foreign currency transactions within the KTMTD to increase attractiveness to international investors.
Regarding the implementation of the KTMTD, Da Nang City proposed that the National Assembly allow Da Nang to select and apply open and superior mechanisms and policies similar to the KTMTD Hai Phong. At the same time, Da Nang City continues to research and expand the scale and space of the KTMTD to fully exploit the potential and potential of the new Da Nang City after the merger of the province, especially the location of Chu Lai airport and the southern ports...
Vice Chairman of the National Assembly Nguyen Duc Hai said that through the actual inspection and reports from the locality, the working delegation of the National Assembly Standing Committee highly appreciated the determination, responsibility and creativity of Da Nang City in proposing mechanisms, policies and preparations for implementing new models. Regarding the Vietnam International Trade Center in Da Nang City, the City needs to promptly report and propose contents and proposals to the Government for handling before submitting to the National Assembly. At the same time, the locality continues to study mechanisms for connecting the KTMTD and the International Trade Center, creating a unique advantage for Da Nang City.
Regarding the KTTMTD, Vice Chairman of the National Assembly Nguyen Duc Hai said that in the long term, there needs to be a Law on KTTMTD, which stipulates common provisions for localities. In the immediate future, Da Nang City needs to urgently implement existing mechanisms and policies and publicize information, attract international investors, and soon deploy the KTTMTD model...
Source: https://baophapluat.vn/da-nang-de-xuat-nhieu-co-che-chinh-sach-lien-quan-den-trung-tam-tai-chinh-quoc-te-post550453.html
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