Terne Holdings and The One Destination joint venture awarded scholarships to Da Nang City officials to study experience at the Singapore financial center
On the afternoon of July 2, the People's Committee of Da Nang City held a working session and exchanged a memorandum of understanding on cooperation in developing an international financial center in Da Nang with partners Terne Holdings Group and The One Destination Joint Stock Company.
The meeting was attended by Mr. Nguyen Van Quang - Member of the Party Central Committee, Secretary of the Da Nang City Party Committee, leaders of the People's Committee, representatives of the City's Departments and Branches.
The Memorandum of Understanding between Da Nang and the consortium of Terne Holdings and The One Destination focuses on key areas of cooperation such as: Coordinating research and proposing specific and outstanding policy mechanisms to develop the Vietnam International Financial Center in Da Nang associated with green finance, financial technology and commercial finance; coordinating and supporting Da Nang city officials to learn experience and intern at major international financial centers in the world .
Terne Holdings and The One Destination consortium also committed to accompany, invest long-term and support the development of the Vietnam International Financial Center in Da Nang city. At the same time, the investor also strives to best implement licensed investment projects at the International Financial Center in Da Nang city and the Da Nang Free Trade Zone; support the promotion of Da Nang to international investors, coordinate with management agencies to attract more investors and multinational financial institutions to Da Nang.
Mr. Ho Ky Minh, Permanent Vice Chairman of Da Nang City People's Committee (right) and Mr. Andy Khoo, Representative of Terne Holdings - The One Destination Joint Venture, exchanged the memorandum of understanding on cooperation.
At the meeting, the Terne Holdings and The One Destination Joint Venture awarded 10 scholarships to selected officials of the Da Nang People's Committee, who will directly serve the Da Nang International Financial Center in the future, participate in training and learn from experience at the National University of Technology, Singapore, Maybank Commercial and Investment Bank and InvestStream Capital Market Technology Support Center in Singapore, expected in August.
Mr. Andy Khoo - Representative of Terne Holdings and The One Destination joint venture shared: "With our experience, together with experienced expert partners around the world, we are committed to joining Da Nang in a new phase, a phase of integration, taking a shortcut in the fields of finance, international trade and attracting investors".
The city leaders also informed the consortium of investors about the potential, advantages and new development orientation of Da Nang after the merger with Quang Nam province. Accordingly, the city will expand its administrative boundaries to an area of over 6,200 km², with a population of nearly 3 million people, stretching from the central urban area to the coastal, midland and mountainous areas, bordering Laos and directly connecting to the East-West economic corridor.
The space for urban, industrial, service and logistics development has been significantly expanded and closely linked. From the modern coastal urban area in the central city of Da Nang to the Chu Lai open economic zone, Ky Ha deep-water port, Chu Lai international airport, and large industrial parks, a complete value chain has been formed, ready to welcome large domestic and foreign investment flows.
Da Nang City Qualifies to Become an International Financial Center
Previously, on July 1, Da Nang City also announced the decision to establish a Preparatory Committee to manage and operate the Vietnam International Financial Center in Da Nang. The Preparatory Committee is headed by Mr. Luong Nguyen Minh Triet - Deputy Secretary of the City Party Committee, Chairman of the City People's Committee.
The Preparatory Committee is responsible for advising the Chairman of the City People's Committee to prepare the necessary infrastructure, human resources and services for the Vietnam International Financial Center in Da Nang City to operate on schedule and according to plan; advising on the establishment and operation of the organizational structure of the Executive Agency of the Vietnam International Financial Center in Da Nang City; coordinating with central ministries and branches to draft and submit to competent authorities for timely issuance of legal documents to create a basis for the construction and operation of the Vietnam International Financial Center in Da Nang City; performing other tasks related to the Vietnam International Financial Center in Da Nang City under the direction of the Standing Committee of Steering Committee 47 and the Chairman of the Da Nang City People's Committee.
The Preparatory Committee consults domestic and international consultants, scientists, Vietnamese people residing abroad; working or retired managers, domestic and international organizations and training facilities to carry out the tasks of the Preparatory Committee.
Minh Ngoc
Source: https://baochinhphu.vn/da-nang-hoc-hoi-kinh-nghiem-ve-trien-khai-trung-tam-tai-chinh-quoc-te-102250702193813703.htm
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