Completing the draft decree on the establishment of an international financial center

(Dan Tri) - Permanent Deputy Prime Minister Nguyen Hoa Binh gave his opinion on proposed options for the international financial center's supervisory agency based on a clear analysis of its functions, tasks, advantages and limitations.

On the afternoon of October 22, Deputy Prime Minister Nguyen Hoa Binh chaired a meeting with leaders of several ministries and functional agencies on the draft Decree of the Government on the establishment of an international financial center in Vietnam.

Reporting at the meeting, Deputy Minister of Finance Nguyen Thi Bich Ngoc said that the Ministry of Finance has sent documents to collect opinions from ministries, branches and 2 localities on the draft Decree.

At the same time, the Ministry has also sent a document to the Ministry of Justice asking for comments on the proposal to draft the Decree. Meetings and workshops have been organized to collect additional comments and complete the draft Decree.

At the meeting, leaders of relevant ministries and branches discussed and gave opinions on the contents of the draft Decree, especially the content in which the Ministry of Finance asked for the Government's opinions regarding different proposed options on the legal status of the executive agency and the supervisory agency of the international financial center.

Deputy Prime Minister Nguyen Hoa Binh chaired a meeting with leaders of several ministries and functional agencies on the draft Government Decree on establishing an international financial center in Vietnam (Photo: VGP).

Concluding the meeting, Deputy Prime Minister Nguyen Hoa Binh requested the Ministry of Finance to absorb opinions at the meeting, as well as continue to seek opinions from experts, especially international experts, to supplement and perfect the draft Decree.

At the same time, the Government leader also gave specific opinions on the proposed options for the international financial center supervisory agency based on a clear analysis of the functions, tasks, advantages and limitations of each option.

To implement the National Assembly's Resolution on the international financial center in Vietnam, the Prime Minister issued Decision No. 1646 dated August 1 to establish the Steering Committee on the international financial center in Vietnam and the Steering Committee issued an action plan, in which it assigned ministries and branches to develop 8 decrees.

The 8 decrees are Decree regulating the establishment of international financial centers in Vietnam; Decree guiding financial policies in international financial centers in Vietnam; Decree regulating the licensing of establishment and operation of banks, foreign exchange management, anti-money laundering, anti-terrorism financing, anti-funding of proliferation of weapons of mass destruction in international financial centers in Vietnam;

Decree guiding policies on import and export, distribution of goods and services, trading floors, trading platforms in international financial centers; Decree guiding labor, employment and social security in international financial centers;

Decree guiding land, construction and environmental policies in international financial centers; Decree regulating international arbitration centers under international financial centers and the application of laws and dispute resolution at international financial centers; Decree guiding residence and immigration policies in international financial centers.

Source: https://dantri.com.vn/kinh-doanh/hoan-thien-du-thao-nghi-dinh-ve-thanh-lap-trung-tam-tai-chinh-quoc-te-20251022210405330.htm