On May 20, in Hanoi, Politburo member and Permanent Deputy Prime Minister Nguyen Hoa Binh chaired a conference in person and online on the development of the National Assembly Resolution on the International Financial Center in Vietnam.
The conference is an important event in the process of developing and proposing policy mechanisms for the International Financial Center in Vietnam.
Concluding the Conference, Permanent Deputy Prime Minister Nguyen Hoa Binh said that currently, along with perfecting mechanisms and policies, the two cities of Da Nang and Ho Chi Minh City are resolutely preparing hard infrastructure and soft infrastructure very synchronously, along with promoting human resource training.
The two cities are also promoting, calling for, attracting investment... to be ready for the operation of the international financial center as well as ensuring readiness for global connectivity when the international financial center in Vietnam officially comes into operation and operation.
"With a deeply integrated international economy, an open and constantly improving investment and business environment; attractive policies in calling for and attracting investment; great potential for labor resources..., if we take advantage of the "golden" time and have an international financial center, this will be a strong boost for the economy, contributing to promoting growth and development of Vietnam; creating a breakthrough and transparent legal framework", according to Deputy Prime Minister Nguyen Hoa Binh.
The Permanent Deputy Prime Minister also said the orientation and policy to develop an international financial center in Vietnam, but operating in two cities, Da Nang and Ho Chi Minh City.
The Vietnamese Government is committed to building a breakthrough legal corridor to maximize Vietnam's advantages, while complying with international law as well as international standards.
Encourage innovation activities; ensure specific, outstanding and attractive policy mechanisms for international financial centers for investors as well as ensure a balance of benefits between the State, investors and people; take steps in line with Vietnam's management and governance capacity.
According to the Permanent Deputy Prime Minister, in developing mechanisms, policies, and legal frameworks for the development of international financial centers, there is a thorough acceptance and study of international laws, practices, and standards, but not a simple copy, mechanical and mechanical copy, but a careful selection, suitable to the characteristics and conditions of Vietnam.
Regarding legal infrastructure, first of all, the Government will focus on supplementing and perfecting the Resolution of the National Assembly to submit to the National Assembly for consideration and approval.
Based on the Resolution of the National Assembly, the Government's decree system will be issued with outstanding and open policies, with many priorities, incentives, and support, especially incentives on tariffs; infrastructure; entry and exit, residence, labor;... for investors when participating in international financial centers in Vietnam.
