On 3.4, Member of the Politburo and Prime Minister Pham Minh Chinh - Head of the Steering Committee of the International Financial Center in Vietnam (Steering Committee) - chaired the first meeting of the Steering Committee to review the work done, the task in the coming time to promote the construction of international financial centers in Vietnam.
According to VNA, at the meeting, the Steering Committee discussed and gave opinions on the development of a National Assembly Resolution on international financial centers in Vietnam.
Delegates discussed the strategic positioning of Vietnam's international financial center compared to the financial center in the region; the issue of capital and foreign exchange account opening; legal system, international conditions and standards at international financial centers; financial center management structure...
Localities such as Ho Chi Minh City and Da Nang have actively and proactively prepared resources for infrastructure investment, land allocation, resources, promotion of work with investors, large and potential financial institutions to consult on policies as well as call for investment.
Concluding the conference, Prime Minister Pham Minh Chinh said that building an international financial center is a difficult and new issue for Vietnam.
Therefore, the head of the Government requested the Steering Committee and the relevant ministries, branches and localities to closely follow the conclusions of the Politburo and the guidance of General Secretary To Lam on this issue; Continue to complete documents and schemes, and further explain the contents to be clarified.
In that spirit, the Prime Minister requested to propose building a model of an international financial center suitable to the situation and development conditions of Vietnam; building independent, specific, special, superior and competitive policy mechanisms.
Strengthen public-private cooperation, attract and use resources of businesses and people; build advanced and modern financial centers, enhance digitalization; organize activities and manage intelligently, with scientific and technological solutions; have high-quality human resources.
Pointing out the roadmap for piloting international financial centers with a duration of 5 years or more, the Prime Minister requested considering the construction of 1-2 financial centers operating in accordance with Vietnamese law, conditions, standards, and international law.
In which, it ensures that policies must be open, with smooth infrastructure, smart governance, ensuring security and safety; have a monitoring mechanism to ensure independence, with a reasonable and effective structure; clearly stipulate the settlement of disputes if any.
The Prime Minister assigned Deputy Prime Minister Nguyen Hoa Binh to direct the construction of an international financial center in Vietnam, and at the same time noted that the competent authority must have clear authority in organizing implementation.
Especially handling arising issues that the law did not have or had not been practical overcome during the pilot implementation period.
Continue to complete documents to submit to the Politburo, the National Assembly, ministries, branches, and relevant agencies according to their functions, tasks, and powers to draft decrees guiding implementation.
