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Da Nang aims to become a regional financial center of Vietnam

Việt NamViệt Nam16/01/2025


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Delegates chairing the Workshop “Developing Regional and International Financial Centers in Vietnam”. Photo: HS

The workshop aims to introduce the policy and orientation for developing an international financial center in Vietnam, including developing Ho Chi Minh City into a comprehensive international financial center and Da Nang into a regional financial center.

Speaking at the workshop, Deputy Minister of Planning and Investment Do Thanh Trung said that Vietnam has all five necessary factors and conditions to develop a modern financial market, aiming to form an international and regional financial center.

In particular, Da Nang City is converging the factors of "heavenly time, favorable location, and harmony between people" when it has all the advantages, potentials, development requirements, and political determination to build a regional financial center.

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Chairman of Da Nang City People's Committee Le Trung Chinh informed about the city's preparations to build a regional financial center. Photo: HS

The implementation of the roadmap to build Da Nang City into a regional financial center according to the policy of the Party and the State is necessary to develop international financial services and ancillary services with potential and advantages... mobilizing international financial resources in the breakthrough development of Da Nang City and the Central Highlands - Central region in particular, and the country in general.

Investors and international consulting organizations also believe that Da Nang has the potential to develop and cooperate with other international financial centers to take advantage of current time zone, political stability, institutions, and macroeconomic conditions of Vietnam in general and Da Nang in particular.

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International experts and investors attend the workshop. Photo: HS

Chairman of the Da Nang People's Committee Le Trung Chinh informed that to prepare for the construction of the financial center, the city has arranged two clean land funds of 6.17ha and 9.7ha with the best connectivity and infrastructure in Vietnam. In the long term, Da Nang will study to create a new land fund to expand by 62ha.

The workshop is an opportunity to consult with state management agencies; strategic investors; financial organizations and institutions; investment funds; consulting companies (law, finance, accounting, auditing, etc.); training institutions and domestic and foreign experts and scientists on specific mechanisms and policies for the development of an international financial center in Vietnam.



Source: https://baoquangnam.vn/da-nang-huong-den-tro-thanh-trung-tam-tai-chinh-khu-vuc-cua-viet-nam-3147703.html

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