Continuing the 9th Session, on the morning of June 11, Minister of Finance Nguyen Van Thang presented the draft Resolution of the National Assembly on the International Financial Center (TTTCQT) in Vietnam.
According to Minister Nguyen Van Thang, the draft Resolution stipulates the development goals of the FDI, including ensuring fairness and mutual support of the FDI located in Ho Chi Minh City and Da Nang.
For Ho Chi Minh City, develop capital markets associated with asset management services, fund management, insurance, stock products, bonds, fund certificates, financial derivatives, etc.; develop banking systems, currency market products.
Develop a testing mechanism for Fintech, innovate in the financial sector; establish specialized exchanges, new exchanges; build exchanges for goods and derivatives, connecting with domestic and international physical commodity markets.
Develop regional supply chain services, logistics centers, seaport transportation, associated with the Free Trade Zone in Ba Ria - Vung Tau...
For Da Nang, develop green finance, commercial finance to serve small and medium-sized enterprises, innovative enterprises, non-resident organizations and individuals, cross-border commercial activities associated with Free Trade Zone, high-tech zones, open economic zones, industrial parks, etc.
Experimental control of some new models such as digital assets, digital currencies, payments, digital money transfers; attracting investment funds, hoiines, small and medium-sized fund management companies; promoting the development of startups providing financial solutions for consumption, tourism, trade, logistics;...
Institutionalize the Politburo's policies, referring to the experience of a number of countries, the draft stipulates groups of policies to create a legal framework to attract investment, promote business activities in the stock market in various fields.
Group 1: Foreign exchange policy, banking activities
Group 2: Financial policies, capital market development
Group 3: Tax policies and financial incentives
Group 4: Policies on exit, entry, residence, and labor for experts, managers, investors, employment, and social security.
Regarding labor recruitment: Allowing members of the TTTCQT to recruit workers according to job needs without controlling the proportion of foreign workers, without having to carry out procedures to determine labor needs, notify Vietnamese labor recruitment to positions expected to recruit foreign workers.
Regarding salaries: Agencies under the Central Market Management Agency shall implement staff contracts and administrative management funds; are allowed to sign contracts to hire experts on the basis of agreement on salary and assigned work...
Regarding social security: Regulations on union exemption; partial exemption of social insurance payment in some cases for some subjects; reserving land funds and housing construction investment budgets for workers...
Group 5: Land policy
Group 6: Policies on construction and environment
Group 7: Controlled testing policy for Fintech and innovation
Group 8: Preferential policies by field and policies for strategic investors
Group 9: Regarding policies for developing technical infrastructure and social infrastructure
Group 10: Policies on export, import and distribution of goods and services
Group 11: Policy on fees and charges
Group 12: Dispute resolution in investment and business activities.
