The conference was organized by the Government to listen to the opinions of domestic and foreign experts, scientists , and representatives of international organizations on perfecting institutions, mechanisms, and policies, especially giving direct comments on the draft decree on the establishment of an International Financial Center in Vietnam.
Also attending the conference were Permanent Deputy Prime Minister Nguyen Hoa Binh; Deputy Prime Minister Ho Duc Phoc; ministers, leaders of Ho Chi Minh City, Da Nang and leaders of financial institutions, corporations, banks, enterprises, investment funds, law firms, and domestic and international auditing firms.
Prime Minister chairs conference on International Financial Center in Vietnam
PHOTO: NHAT BAC
Prime Minister Pham Minh Chinh emphasized that in the digital era and deep integration, the flow of capital, technology and knowledge between countries, regions and on a global scale is increasingly promoted at an unprecedented speed.
International financial centers have a particularly important role to play in this process, connecting markets, promoting innovation, governance standards and transparency standards.
For Vietnam, the head of the Government emphasized that building an international financial center is not only to attract investment resources, keep pace and connect with the world, but also to build new and effective mechanisms, policies and governance models.
Contribute to creating momentum to promote socio-economic development, especially economic growth of 8% or more in 2025 and double digits from 2026 onwards, towards successfully implementing the two 100-year strategic goals.
Therefore, the international financial center will contribute to clearly positioning and connecting Vietnam with the global financial network; promoting future financial models (digital assets, carbon credits, derivatives, green finance, sustainable finance).
The Prime Minister asked the conference participants to contribute ideas and supplement international and domestic experiences in building an international financial center. In particular, clearly propose what mechanisms, policies and solutions are needed to promptly put the international financial center into effective operation; and what is the legal status of the executive agency and the supervisory agency according to the model?
Besides, what should be noted about the risk management operating mechanism; what specific solutions are needed for the product - market - transaction infrastructure framework; training solutions, attracting elite human resources...
International financial center to be operational in 2025
According to the report of the Ministry of Finance, implementing the policy of the Party Central Committee, the Politburo and based on Resolution No. 222/2025/QH15 of the National Assembly on the International Financial Center in Vietnam, the Government is expected to establish an international financial center, located in Ho Chi Minh City and Da Nang.
In particular, the development orientation of the Vietnam International Financial Center in Ho Chi Minh City is to have a diverse and modern financial ecosystem; provide specialized financial services, exploit the synergistic and mutual effects of different financial services and support services.
Vietnam International Finance Center in Ho Chi Minh City develops capital markets associated with financial products, financial derivatives, asset management services, fund management, insurance, green financial products and services; banking system, money market products; develops financial service sectors applying technology (fintech) and innovation...
Meanwhile, the Vietnam International Financial Center in Da Nang is associated with an innovation ecosystem and the application of strategic technologies; developed on the basis of technology infrastructure and innovation, operating stably, transparently, in accordance with international practices and in line with development trends; providing market and financial organization services, attracting international capital sources...
It is expected that the Vietnam International Finance Center in Ho Chi Minh City will have an area of about 899 hectares, and the Vietnam International Finance Center in Da Nang will have an area of about 300 hectares. The Vietnam International Finance Center will start operating in 2025.
Source: https://thanhnien.vn/thu-tuong-hop-ve-trung-tam-tai-chinh-quoc-te-voi-tu-van-tu-anh-hong-kong-185251101102048847.htm
Comment (0)