From a solid foundation, Vietnam is ready to build an international financial center.

The establishment of an international financial center in Vietnam is considered a very wise and necessary decision in the current period and we have met all the conditions to build an international financial center.

This is the comment emphasized by Permanent Deputy Prime Minister Nguyen Hoa Binh at the recent question-and-answer session before the National Assembly.

Deputy Prime Minister Nguyen Hoa Binh said: In terms of law, the National Assembly is discussing a resolution to create a general framework, while the Government is simultaneously developing relevant mechanisms, policies and decrees. Judicial agencies are also assigned to complete the legal framework on dispute resolution, thereby forming a solid legal corridor for the financial center.

Permanent Deputy Prime Minister Nguyen Hoa Binh: "In terms of human resources, the two localities, Ho Chi Minh City and Da Nang City, which were assigned the task, have also issued a Resolution of the Standing Committee of the City Party Committee on implementing the construction of the International Financial Center; proactively selecting a team of officials 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, the overseas Vietnamese were very excited and said they were ready to return to Vietnam to work, and at the same time, they were also ready to participate in training human resources to operate the Financial Center in the near future."

Deputy Prime Minister Nguyen Hoa Binh: We have met all the conditions to build an international financial center.

Along with human resources and institutions, according to Deputy Prime Minister Nguyen Hoa Binh, preparations for development space and technical infrastructure are also being implemented synchronously. Integrating financial centers into the master plan and investing in modern digital platforms are necessary steps to attract capital flows and enhance international competitiveness.

Permanent Deputy Prime Minister Nguyen Hoa Binh: "I propose that the National Assembly allow the Government and the two cities to adjust this plan in the master plan to prepare 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, and in Ho Chi Minh City, about 600 hectares. Currently, many foreign investors have also expressed their intention to come to these two cities to build related projects.

Regarding information technology and connectivity, there is no other way but to study, research and invest in a strong enough, secure enough, globally connected information technology infrastructure to serve the financial center. We also require that the information technology infrastructure system in the financial centers must be very open and convenient to best support investors who want to invest in the financial center."

Deputy Prime Minister Nguyen Hoa Binh emphasized that, in addition to technical infrastructure, Vietnam's biggest advantage is its dynamic economy, high capital demand, good capital absorption capacity and development orientation in line with green finance and digital finance trends. Together with a stable political and social environment, this is an important foundation that needs to be further consolidated to sustainably attract international investors.

media.chinhphu.vn

Source: https://baolaocai.vn/tu-nen-tang-vung-chac-viet-nam-da-san-sang-xay-dung-trung-tam-tai-chinh-quoc-te-post403684.html