On the afternoon of June 21, working with Deputy Prime Minister Nguyen Hoa Binh on the plan to build the Vietnam International Financial Center, Chairman of Da Nang City Le Trung Chinh said that the center will focus on specialized areas such as green finance, trade finance serving small and medium enterprises, innovative enterprises, non-resident organizations and individuals (such as offshore financial services), cross-border trade activities associated with free trade zones, high-tech zones, open economic zones, industrial parks...
It will also conduct controlled testing of a number of new models such as digital assets, digital currencies, digital payments; attract investment funds, remittance funds, small and medium-sized fund management companies; promote the development of startups providing financial solutions for consumer life, tourism , trade, logistics; support, consult, and develop related legal services.
At the same time, the Vietnam International Financial Center in Da Nang will focus heavily on innovation, applying strategic technologies such as artificial intelligence, cloud computing, quantum, big data, blockchain, etc. to create competitive advantages. The city will attract large investors and developers, startups, technology experts and global thinkers to live, work and create outstanding value.
The city has allocated land to form a number of areas with defined boundaries to develop the International Financial Center, ensuring the requirements of geographical location, located right in the central urban area of the city, connecting to Da Nang International Airport within a radius of 5-10 km. This area is also guaranteed telecommunications conditions and support services.
In 2025, the city will use a part of the area (300 - 400 m2) on the 5th floor of the 8-storey office building of Software Park No. 2 to arrange a temporary office for the Preparatory Committee for the establishment of the international financial center and for agencies and organizations under the Vietnam International Financial Center in Da Nang.
By the end of this year, the city will complete the construction of a 22-storey building with a floor area of 27,000 m2, immediately meeting the operational needs of the International Financial Center associated with attracting investment funds, remittances, small and medium-sized fund management companies, and controlled testing of a number of new models such as digital assets, digital currency, payment, and digital money transfer.
In the period of 2025 - 2027, the city will attract infrastructure investment and develop a financial center ecosystem on clean land near the sea with an area of nearly 18 hectares to immediately build the Vietnam International Financial Center in Da Nang that meets international standards.
According to Mr. Chinh, the city has added human resources to build, manage and operate the International Financial Center and assigned Danang University to develop a high-quality human resource training program to serve the Center. The preparatory committee for the establishment of the Center will be established immediately with 27 members and an advisory board of 10 people, including international experts in finance and currency with experience.
In the immediate future, the city will send 10 civil servants and public employees who meet foreign language and professional qualifications (including two associate professors and a doctorate in finance and banking, one doctor who is a judge and studied for a master's degree in international commercial law in the UK) to participate in a short-term training course at the Vietnam-Germany University and in the third quarter will be sent to intern at major international financial centers.
According to Mr. Le Trung Chinh, up to now, the city has received great attention and specific commitments from more than 10 investors, including 3 joint ventures of investors (Makara Capital, Terne Holding, Trump Organization) wishing to be selected as strategic investors to develop the International Financial Center.
The city proposed that the Deputy Prime Minister allow the establishment at the International Financial Center of specialized trading floors and trading platforms such as digital assets, digital currencies, and stock exchanges for innovative enterprises and science and technology enterprises.
Deputy Prime Minister Nguyen Hoa Binh said that the Government has submitted and the National Assembly is discussing and contributing ideas to supplement, complete and approve the resolution on this content. The decision to establish an international financial center in Vietnam is considered very practical to promote socio-economic development. This is expected to be a strong "push", contributing to promoting growth in the era of national development, prosperity and wealth.
"The spirit of the National Assembly's Resolution is very open, supportive, creating maximum convenience, and empowering localities to deploy and operate the International Financial Center. The International Financial Center in Da Nang is not only meaningful to Da Nang but also to the whole country," said Mr. Binh.
The Deputy Prime Minister requested that Da Nang City continue to carefully prepare conditions and be ready to operate the International Financial Center. After the Resolution is approved by the National Assembly, the Government will have a specific implementation plan. The two localities will proactively implement any part of Da Nang and Ho Chi Minh City's work, especially arranging technical infrastructure, information technology, calling for investment, and preparing human resources.
At the same time, Da Nang needs to coordinate with the Ministry of Finance to develop Decrees on the International Financial Center, ensuring the most convenient operation.
TH (according to VnExpress)Source: https://baohaiduong.vn/da-nang-de-xuat-thu-nghiem-tai-san-so-tien-so-414609.html
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