Concentrating resources on building regional and international financial centers

DNO - The Government has just issued Resolution No. 259/NQ-CP dated December 31, 2024 on promulgating the Action Plan to implement Notice No. 47-TB/TW dated November 15, 2024 of the Politburo on building a regional and international financial center in Vietnam.

The plan was issued to thoroughly grasp and ensure the drastic, effective, synchronous and comprehensive implementation of the guiding viewpoints, objectives and contents of the project to build a regional and international financial center in Vietnam, which was approved in principle by the Politburo in Notice No. 47-TB/TW.

Clearly define the contents, tasks, key operational solutions, presiding agencies, coordinating agencies, submission levels, expected output products and specific completion times so that ministries, ministerial-level agencies, government agencies, Ho Chi Minh City and Da Nang People's Committees, and relevant agencies can focus on directing, developing action plans, organizing implementation, inspecting, supervising, and evaluating the implementation of the action plan.

Focusing on institutionalizing solutions, models, and policies to build a regional and international financial center in Vietnam of the project according to Notice No. 47-TB/TW.

Ensure harmony and synchronization with strategies, planning and socio-economic development plans in sectors and fields of each ministry, industry and locality to optimize feasibility in action plans.

Agencies from the central to local levels closely coordinate and implement according to the schedule and roadmap in accordance with the direction of the Politburo, to establish and operate the Financial Center in Ho Chi Minh City and Da Nang in 2025.

Tasks, solutions, and key activities of the plan: directing and coordinating inter-sectoral activities within the country and each locality; building and perfecting institutions and policies on financial centers; arranging and mobilizing resources to build infrastructure and develop financial centers; establishing financial centers; communicating and promoting investment.

Resources for implementing the tasks and activities of the action plan include: State budget, international support, commercial loans and private investment, community and other social capital.

The Resolution takes effect from the date of signing and promulgation. Ministers, heads of ministerial-level agencies, heads of government agencies, Secretary of the Ho Chi Minh City Party Committee and Chairman of the People's Committee of Ho Chi Minh City, Secretary of the Da Nang City Party Committee and Chairman of the People's Committee and relevant agencies are responsible for implementing this Resolution.

CINNAMON

Source: http://baodanang.vn/kinhte/202501/tap-trung-nguon-luc-xay-dung-trung-tam-tai-chinh-khu-vuc-va-quoc-te-3998766/