Da Nang: Financial center will focus on specialized fields

(Chinhphu.vn) - According to Resolution 29-NQ/TU of the Standing Committee of the Da Nang City Party Committee, the International Financial Center will attract investment focusing on the following pillars: international finance, including green finance activities, trade finance serving small and medium enterprises.

Da Nang City is researching the exploitation of the ICT building at Da Nang Software Park No. 2 to organize the operation of a financial center - Photo: VGP/Minh Trang

The Standing Committee of the Da Nang City Party Committee has just issued Resolution No. 29-NQ/TU on the construction of the Vietnam International Financial Center of Da Nang City. Accordingly, by 2030, the Da Nang City Financial Center will be built and effectively operated, attracting strategic partners, financial institutions, support services, legal services, and international and domestic legal, accounting, and auditing consulting units to invest and operate. The vision of the financial center will be to become a center of innovation, green and sustainable investment.

The financial center will focus on specialized fields, resonating with the advantages of the city's geopolitical - economic position and living environment, urban infrastructure, tourism and resort services, in which the priority focus, encouragement and investment attraction are determined to focus on the following pillars: International finance, including green finance activities, trade finance serving small and medium enterprises, non-resident organizations and individuals (offshore services), cross-border trade activities of free trade zones, high-tech zones, open economic zones, industrial parks, etc.; financial technology innovation (fintech), controlled testing (sandbox) of a number of new models such as digital assets, digital currency, payment, digital money transfer, thereby attracting investment funds, remittance funds, small and medium-sized fund management companies, promoting the development of startups providing financial solutions; Support activities, consulting, developing related legal services.

According to Secretary of the Da Nang City Party Committee Nguyen Van Quang, Da Nang aims to become a green, smart city by 2030, with a vision to 2045, a center for science and technology, innovation and digital transformation of the country and the Asian region. In which, new development models such as international financial centers, free trade zones and Lien Chieu seaport are growth drivers, having a spillover effect on the socio -economic development of the Central Highlands and the whole country...

Da Nang leaders also affirmed that the city is focusing on building high-quality human resources to serve development goals, including attracting and exploiting Vietnamese experts abroad.

Accordingly, to prepare human resources, the City People's Committee and relevant agencies select personnel, establish a preparatory committee and ensure operating conditions for the financial center's management agency; at the same time, research plans to hire international experts and personnel with capacity and experience to participate in the management and operation of the financial center, and in parallel research and propose mechanisms and methods for management, operation and supervision of the financial center.

The city also organizes city delegations to study and learn the establishment and operation models of international financial centers, promote investment and cooperate with domestic and foreign partners. In addition, it proactively organizes training courses and fosters knowledge about financial centers for officials, civil servants and public employees of agencies, units and localities.

In the period of 2025-2030, the city will attract strategic partners, financial groups, domestic and foreign institutions to invest and operate in the financial center; promote the establishment of international financial research centers, financial technology, and blockchain to support expertise, technology, and consulting on mechanisms and development policies in the fields of finance, financial technology, and financial services.

Attracting investment in hard and soft infrastructure in the financial center associated with the Da Nang free trade zone and the city's key and dynamic projects...

Regarding the immediate tasks, the City People's Committee and relevant agencies focus on reviewing, completing and preparing infrastructure to serve the financial center, including studying the exploitation of the ICT building at Da Nang Software Park No. 2 to organize the financial center's activities. At the same time, studying the exploitation and use of planned land areas such as: Phuoc My ward (Son Tra district), Thuan Phuoc ward (Hai Chau district), Da Nang industrial park, and the reclaimed land area in Da Nang bay.

Minh Trang

Source: https://baochinhphu.vn/da-nang-trung-tam-tai-chinh-se-tap-trung-cac-linh-vuc-chuyen-biet-102250508163946697.htm