Deputy Prime Minister: Vietnam meets all conditions to build an international financial center

(Chinhphu.vn) - Deputy Prime Minister Nguyen Hoa Binh affirmed that the establishment of an international financial center in Vietnam is considered a very wise decision of ours in the current period and is very necessary. We have met all the conditions to build an international financial center.

Deputy Prime Minister Nguyen Hoa Binh affirmed that the establishment of an international financial center in Vietnam is considered a very wise decision of ours in the current period and is very necessary - Photo: VGP

Answering questions from National Assembly delegates about the construction of an international financial center in Vietnam, Deputy Prime Minister Nguyen Hoa Binh said that the difficulties in construction have been clearly pointed out by delegates, but all delegates share the same view that it is necessary to build an international financial center in Vietnam.

Raising the question "What do we need to prepare to build an international financial center in Vietnam?", Deputy Prime Minister Nguyen Hoa Binh emphasized that in fact, we have been doing many related contents. In terms of law, the National Assembly is discussing a Resolution to promulgate a common legal framework and the Government is developing a series of related mechanisms, policies and decrees; judicial agencies are also assigned to develop projects to form legal frameworks in resolving disputes. Thus, in terms of law, we have created a solid legal corridor.

In terms of human resources, the two localities, Ho Chi Minh City and Da Nang City, were assigned to have a Resolution of the Standing Committee of the City Party Committee on implementing the construction of an international financial center; proactively selecting staff to send for training abroad, and also seeking and inviting financial experts from abroad to return to work in the country.

"We have approached a number of overseas Vietnamese. Hearing this news, they were very excited and said they are ready to return to Vietnam to work, and are also ready to participate in training human resources to operate the Financial Center in the near future," said Deputy Prime Minister Nguyen Hoa Binh.

Regarding infrastructure, the two cities have allocated land for planning the Financial Center. This is a new issue and today when discussing this planning issue, Deputy Prime Minister Nguyen Hoa Binh proposed that the National Assembly allow the Government and the two cities to adjust this planning in the master plan to be ready to put the land that the two cities are preparing for the International Financial Center. Specifically, in Da Nang City, it is expected to be about 350 hectares, in Ho Chi Minh City about more than 600 hectares. Currently, many foreign investors have also expressed their intention to come to these two cities to build related projects.

Emphasizing that regarding information technology and connectivity, there is no other way but for us to study, research and invest in a strong enough, secure enough, globally connected information technology infrastructure to serve the financial center, Deputy Prime Minister Nguyen Hoa Binh said: "We also require that the information technology infrastructure system in the financial centers be very open and convenient to best support investors who want to invest in the financial center."

In addition to the infrastructure directly serving the financial center, Deputy Prime Minister Nguyen Hoa Binh emphasized: The most important thing that our country has available is a dynamic, developing economy with a huge demand for capital, capable of absorbing a large amount of capital brought here by the international community and with an orientation in line with international trends such as green finance, digital finance and a stable political and social foundation of Vietnam, which is a particularly attractive factor for international investors. These are the factors that we have available and need to continue to strengthen and maintain to become more and more stable and sustainable./.

Nguyen Hoang

Source: https://baochinhphu.vn/pho-thu-tuong-thuong-truc-viet-nam-hoi-du-cac-dieu-kien-de-xay-dung-trung-tam-tai-chinh-quoc-te-10225062012484645.htm