On December 17, Permanent Deputy Prime Minister Nguyen Hoa Binh chaired a meeting with leaders of relevant ministries, sectors, and localities (Ho Chi Minh City and Danang) on the action plan to implement the Politburo’s Conclusion on building a regional and international financial center in Vietnam.
At the meeting, Deputy Minister of Planning and Investment (MPI) Nguyen Thi Bich Ngoc said that her ministry had coordinated with relevant agencies, localities, and partners to finalize and submit to the Government the draft Action Plan on establishing a regional and international financial center in Vietnam, as well as the draft Decision of the Prime Minister on establishing a Steering Committee for the financial center and its Regulations.
MPI has also been studying international experiences, consulting experts, and engaging domestic and foreign advisory organizations with experience in financial center development (such as the Tony Blair Institute and TheCityUK) to connect with potential organizations and investors in preparation for implementing the assigned tasks.
According to the proposed plan, the international financial center will be established in Ho Chi Minh City, while the regional financial center will be located in Danang.
Representatives from the ministries and sectors proposed that the People’s Committees of Ho Chi Minh City and Danang should formulate action plans, focusing on institutionalizing solutions, models, and policies for the establishment of the regional and international financial centers in Vietnam.
Mr. Phan Van Mai, Chairman of the People’s Committee of Ho Chi Minh City, and Mr. Nguyen Van Quang, Secretary of the Danang Party Committee, expressed their high consensus with the draft action plan to implement the Politburo’s Conclusion on building regional and international financial centers in Vietnam.
The leaders of the two cities affirmed that they had been preparing the necessary conditions, including thorough preparations and a focus on researching mechanisms and policies, for the establishment of the regional and international financial centers.
They have also been working on tasks such as studying the establishment of related organizations, identifying infrastructure investment needs, developing human resource training plans, and organizing international learning groups.
Concluding the meeting, Permanent Deputy Prime Minister Nguyen Hoa Binh emphasized the significant role and importance of establishing regional and international financial centers in Vietnam, considering it one of the major political decisions to prepare for a new era of national growth and progress. It will create new mechanisms and resources, providing a strong boost to the economy.
Therefore, the Deputy Prime Minister requested that the ministries, sectors, and localities involved should urgently and resolutely carry out the related tasks to ensure the efficient and timely formation of the regional and international financial centers in Vietnam.
The Permanent Deputy Prime Minister asked MPI to incorporate the comments and suggestions made during the meeting to finalize the Action Plan and related documents for implementing the Politburo’s Conclusion on building regional and international financial centers in the country.
The Government leader also agreed with the proposal to establish Task Forces for the development of financial centers in Ho Chi Minh City and Danang to lead and direct their establishment and operation. He also emphasized the need to focus on building and perfecting the institutions and policies related to the financial centers, including the draft National Assembly Resolutions on financial centers and the draft documents providing guidance for the implementation of the National Assembly Resolutions.
Mr. Nguyen Hoa Binh also drew attention to the mobilization of resources for infrastructure development and the growth of the financial centers, as well as the preparation and training of human resources within the state apparatus to manage and operate these centers effectively. Additionally, he highlighted the importance of promoting investment attraction in this field.
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