The International Financial Center is a free and friendly playground

ANH HUY |

On the afternoon of May 22, the Prime Minister chaired a meeting to give opinions on the draft Resolution of the National Assembly on building an international financial center in Vietnam.

In his concluding remarks, Politburo member and Prime Minister Pham Minh Chinh requested to fully absorb the opinions, continue to complete one more step of the draft Resolution.

According to the Prime Minister, the spirit of both doing and drawing experience, gradually expanding, not being too perfectionist, not being hasty, not being hasty, looking wide, thinking deeply to make great things.

"If done, it must be successful, if done, it must be victorious, if done, it must be certain, if it has been won, it must be sustainable, bringing benefits to the nation and people, happiness and prosperity to the people" - the Prime Minister emphasized.

According to the Prime Minister, we have identified two 100-year goals (by 2030, being a developing country with modern industry and high average income; by 2045, becoming a developed country with high income).

To achieve this, we must have double-digit economic growth, creating a favorable environment, stable inside and stable outside, creating momentum, creating momentum, creating conditions for rapid, sustainable and stable development for development.

To grow in double digits, there must be capital, while we are lacking capital, so we must build and develop an international financial center to supplement financial resources for the two 100-year goals - the Prime Minister added.

In addition, the Prime Minister said that to achieve the set goal of building an international financial center, the legal environment must be competitive, transparent, progressive, and open.

Infrastructure must be modern, advanced, and smooth; human resources must be professional and high-quality; have the necessary conditions to operate the center; governance must be smart, modern, and appropriate.

The Prime Minister stated that all of these points must be superior to existing financial centers in the region and the world.

In particular, ensuring property rights, ensuring freedom and creativity in business, freedom of travel, convenient entry and exit, and having favorable visa policies for those who need encouragement, creating an outstanding, favorable and safe living environment.

The goals are to attract capital for rapid, green, and sustainable national development, especially medium and long-term capital; create a business environment for investors, establish and provide modern financial services to the world.

Ensure the freedom to circulate capital flows and legal profits in accordance with international practices and Vietnam's conditions, while not allowing the exploitation and manipulation of Vietnam's resources to be taken outside of regulations.

The Prime Minister emphasized that this is a free and profitable playground, but the benefits are harmonious, the risks are shared between related entities; attracting capital both directly and indirectly, both in the State and private sectors.

The head of the Government noted that businesses should be liberated but have a roadmap suitable for the economy; all types of licenses should be cut after having planning, standards, regulations and strengthening post-inspections.

Operate the center according to market mechanisms, respect competition laws, supply and demand laws and value laws, have unified management of the State under the leadership of the Party; have specialized courts at the center.

ANH HUY
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