On March 6, the Government Office announced that the Government issued Resolution No. 42/NQ-CP on the proposal to build a National Assembly Resolution on Financial Centers in Vietnam.
Accordingly, the Government resolved to approve the proposal to develop a National Assembly Resolution on Financial Centers in Vietnam according to the proposal of the Ministry of Finance.
The Government requests the Ministry of Finance to closely coordinate with relevant ministries, agencies, Ho Chi Minh City People's Committee, and Da Nang City People's Committee to fully and reasonably absorb the opinions of Government members and opinions of relevant agencies in the process of developing and perfecting the draft Resolution of the National Assembly in accordance with regulations, ensuring the quality and progress of reporting as required.
Ensure compliance with the conclusion of the Politburo in Notice No. 47-TB/TW dated November 15, 2024, the Government's resolution in Resolution No. 259/NQ-CP dated December 31, 2024; the direction of the Government leaders in relevant documents; be responsible for the contents of reports and recommendations.
According to the Ministry of Finance, Vietnam is currently a bright spot in economic development and growth, macroeconomic stability, and investment attraction. In addition, Vietnam is also among the leading markets in terms of the application rate of future financial technologies, which can create competitive advantages, forming "specific" products for financial centers in Vietnam.
Vietnam is gradually converging necessary factors to develop a modern financial market, aiming to form a Financial Center capable of linking with Financial Centers in the region and the world.
Therefore, the development of a National Assembly Resolution on Financial Centers in Vietnam is extremely necessary to successfully form a regional and international financial center; helping Vietnam connect to the global financial market.
Thereby attracting foreign financial institutions, creating new investment resources, promoting existing investment resources; taking advantage of opportunities for international investment capital shift.
At the same time, promote the development of the Vietnamese financial market effectively, catching up with international standards; contribute to the sustainable development of the country's economy, enhance Vietnam's role, position, prestige and influence in the international arena; ensure national defense and security, especially in the financial sector early and from afar.
