At the Workshop on Developing an International Financial Center in Vietnam in Da Nang on the afternoon of January 16, Mr. Do Thanh Trung - Deputy Minister of Planning and Investment said that Vietnam has 5 necessary factors and conditions to develop a modern financial market, aiming to form a regional and international financial center.
However, to truly transform the country and realize its goals and ambitions by 2030 and 2045, there must be high determination and great efforts in the process of preparing the fundamental conditions for building and developing a financial center in the right steps and roadmap.
"The selection of models and methods for building financial centers must be based on selectively absorbing international lessons. With a development orientation towards combination, a spirit of not being perfectionist, not missing opportunities, and the consistent principle of being a "playground" for international financial investors, with common rules compatible with international practices (operating mechanisms, developing ecosystems, incentives, etc.). At the same time, regional and international financial centers must be suitable to Vietnam's actual conditions, prioritizing sovereignty, and putting national interests first," said Deputy Minister of Planning and Investment Do Thanh Trung.
According to Mr. Do Thanh Trung, it is necessary to analyze, evaluate and compare the benefits and risks of the financial center. Identify the core competitive products of the financial center, and at the same time have the ability to cooperate and complement other financial centers in the region. And most importantly, assess the impact on the proposed policy mechanisms for this "playground".
