Permanent Deputy Prime Minister Nguyen Hoa Binh works with leaders of Ho Chi Minh City

On the afternoon of May 8, Permanent Deputy Prime Minister Nguyen Hoa Binh, along with leaders and representatives of several central ministries and branches, had a working session with leaders of Ho Chi Minh City on the implementation of the construction of an international financial center in Vietnam and the removal of difficulties and obstacles related to 6 projects.

Deputy Prime Minister Nguyen Hoa Binh emphasized that the construction and operation of an international financial center plays a particularly important role, especially in the context that we are about to enter a new era, a new development stage with strong acceleration and breakthrough. In fact, Ho Chi Minh City has formed a financial center but it is spontaneous, without incentives. It is necessary to prepare and establish an international financial center in a systematic manner, according to international standards.

"The construction and operation of an international financial center is not only meaningful for Ho Chi Minh City but also for the whole country, because this is a financial hub connecting to the global economy. With preferential policies, especially tax incentives and simple administrative procedures being built, international financial centers being promoted to be established in Vietnam are expected to have great appeal to investors" - Deputy Prime Minister Nguyen Hoa Binh said.

Deputy Prime Minister Nguyen Hoa Binh emphasized that it is necessary to pay close attention to personnel preparation for the TTTC - Photo: VGP/Nguyen Hoang

Implementing the directions of the central government and the Government, Mr. Nguyen Hoa Binh highly appreciated that Ho Chi Minh City has been very active in developing an international financial center, from proposing mechanisms and policies to implementing tasks and plans on infrastructure development, human resources, etc.

The Permanent Deputy Prime Minister requested Ho Chi Minh City to focus on directing the early formation of infrastructure for the international financial center; to have thorough preparations in calling for investment. In particular, attention must be paid to personnel preparation. The city has a plan for personnel work, but it is time to discuss the specific framework, specific people, specific positions in the organization of the international financial center for training, meeting job requirements as soon as it comes into operation.

"Human resource quality is the key factor that determines the quality of a financial center. A financial center must follow international rules and standards, so its human resources must also follow international standards," Mr. Nguyen Hoa Binh stated.

Currently, Ho Chi Minh City is considering the option of an international financial center developed based on the existing financial district in the center of District 1 and forming a financial district in Thu Thiem... Photo: Hoang Trieu

Reporting at the meeting on the construction of an international financial center, Vice Chairman of the City People's Committee Nguyen Van Dung said that Ho Chi Minh City will continue to coordinate with relevant ministries and agencies to establish internal agencies; establish and operate the financial center management apparatus. Continue to develop and implement plans for training, investing in human resource development; focus resources on infrastructure investment to serve the financial center...

Currently, Ho Chi Minh City is considering the option of an international financial center developed based on the existing financial district in District 1 and forming a financial district in Thu Thiem. These two districts will complement each other with traditional financial services still concentrated in the existing financial district and innovative financial services will be concentrated in the new district.

Source: https://nld.com.vn/pho-thu-tuong-thuong-truc-chinh-phu-nguyen-hoa-binh-lam-viec-voi-lanh-dao-tp-hcm-196250508224113658.htm