On November 22, Permanent Vice Chairman of the Da Nang People's Committee Ho Ky Minh chaired a working session with the Swiss delegation of experts and investors on issues related to the legal framework to soon put the Da Nang International Financial Center (IFC) into effective operation.
At the meeting, representatives of the Department of Finance of Da Nang City presented the draft to establish an International Financial Center.
Vietnam International Financial Center in Da Nang will have a synchronous and transparent legal framework, in accordance with international standards and competitive advantages to attract international financial institutions and investors from many countries.
Along with that, the development orientation is to become a modern international financial center, closely linked with the innovation ecosystem, digital technology and sustainable finance, creating a controlled testing platform for new financial models, pioneering the implementation and expansion of digital asset products, digital payments, trading platforms and specialized exchanges, forming specialized, flexible and creative financial products.
Sharing at the meeting, Dr. Urs Lustenberger - said that during this working trip, he had the opportunity to visit the location where the city planned to build a Financial Center, a sea encroachment project...
Dr. Urs Lustenberger believes that some important mechanisms to build IFC include: Establishing a business, establishing an International Arbitration Center... to create trust and peace of mind for foreign investors, and at the same time, building a solid financial framework.
At the meeting, Permanent Vice Chairman of the Da Nang People's Committee Ho Ky Minh thanked Dr. Urs Lustenberger for her sharing.
At the same time, Da Nang City will have deeper exchanges and discussions to complete the legal framework, putting the International Financial Center in the city into effective operation soon.
