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| The National Assembly passed a resolution on the International Financial Center in Vietnam with 438/447 delegates voting in favor. Photo: PV |
This Resolution provides for the establishment, operation, management, supervision and specific mechanisms and policies applicable to international financial centers in Vietnam.
Accordingly, the International Financial Center located in Ho Chi Minh City and Da Nang City is built on the basis of unified operations, management, supervision, with separate product development orientation, promoting the strengths of each city;
Ensuring fairness and mutual support, aiming to become a leading international financial center, raising Vietnam's position in the global financial network, associated with economic growth momentum.
At the same time, promote sustainable finance, encourage the development of green financial products and mobilize resources for energy transition and green transition projects, contributing to sustainable socio-economic development.
The international financial center operates according to advanced international standards, connects with major markets and financial centers in the world, facilitates the connection of domestic and international exchanges, promotes investment capital flows and develops financial services applying technology.
Attract and develop high-quality human resources and domestic and foreign financial experts; create a favorable working and living environment for international experts and businessmen in the international financial center.
The development of an international financial center must ensure the harmony of interests between the state, investors, and people in socio-economic development, maintaining financial safety, economic security, political stability, order, and social safety.
The National Assembly's Resolution also stipulates a series of specific policies applicable to the International Financial Center in Vietnam, including policies on foreign exchange, banking activities; finance, capital market development; taxes; fees, charges; immigration, residence, labor for experts, managers and investors; labor, employment and social security; land, construction, environment; controlled experimental financial policies for financial services applying technology (Fintech) and innovation; policies for strategic investors; export, import and distribution of goods and services;...
The National Assembly's Resolution on the International Financial Center in Vietnam takes effect from September 1, 2025. The National Assembly assigns the Government to review and report to the National Assembly on the implementation of the resolution after 5 years of implementation. No later than March 30, 2034, the Government reports to the National Assembly on the results of the resolution's implementation and proposes the promulgation of the Law on Financial Centers.
CINNAMON
Source: https://baodanang.vn/kinhte/202506/quoc-hoi-thong-qua-nghi-quyet-ve-trung-tam-tai-chinh-quoc-te-tai-viet-nam-4010752/
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