Early formation of financial centers in Ho Chi Minh City and Da Nang

(NLDO)- Permanent Deputy Prime Minister Nguyen Hoa Binh emphasized that building a regional and international financial center in Vietnam is extremely important.

On December 17, Deputy Prime Minister Nguyen Hoa Binh chaired a meeting with leaders of ministries, functional agencies, and localities (Ho Chi Minh City and Da Nang) on the action plan to implement the Politburo 's Conclusion on building a regional and international financial center (TTTC) in Vietnam.

Permanent Deputy Prime Minister Nguyen Hoa Binh speaks at the meeting. Photo: VGP

At the meeting, Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said that the agency has coordinated with relevant agencies, localities and partners to complete and submit to the Government the draft Action Plan on building regional and international financial markets in Vietnam; the draft Decision of the Prime Minister to establish the Steering Committee on regional and international financial markets and the Working Regulations of the Steering Committee.

At the same time, continue to study international experience, consult with domestic and foreign experts and organizations with experience in consulting on TTTC development (Tony Blair Institute, TheCityUK...) to connect organizations and potential investors to prepare to implement assigned tasks.

According to the plan, the international financial center will be established in Ho Chi Minh City and the regional financial center will be established in Da Nang.

Giving opinions at the meeting, representatives of ministries and branches requested the leaders of the People's Committees of Ho Chi Minh City and Da Nang to develop an action plan, focusing on institutionalizing solutions, models, and policies to build regional and international financial centers in Vietnam.

Mr. Phan Van Mai, Chairman of the Ho Chi Minh City People's Committee and Mr. Nguyen Van Quang, Secretary of the Da Nang City Party Committee, expressed their high agreement 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 have been preparing conditions and are ready to establish regional and international financial centers, including careful preparation and focused research on policy mechanisms.

Overview of the meeting. Photo: VGP

At the same time, carry out the task of researching and establishing related organizations; determining infrastructure investment tasks; developing human resource training plans; organizing international experience study groups...

Concluding the meeting, Deputy Prime Minister Nguyen Hoa Binh emphasized that the development of regional and international financial markets in Vietnam is of great significance and importance, and is one of the major political decisions to prepare for a new era, an era of national development. Creating new mechanisms and resources is a strong "push" for the economy.

Therefore, the Permanent Deputy Prime Minister requested ministries, branches and localities to urgently and resolutely carry out related tasks to ensure efficiency and soon form regional and international financial centers in Vietnam.

The Permanent Deputy Prime Minister requested the Ministry of Planning and Investment to absorb the comments to complete the Plan and related documents in implementing the Politburo's Conclusion on building regional and international financial centers in Vietnam.

The Government leaders also agreed with the proposal to establish a Working Group on building a financial center in Ho Chi Minh City and Da Nang City to lead and direct the establishment and operation of the financial center. At the same time, they requested to focus on building and perfecting institutions and policies on financial centers, including draft resolutions of the National Assembly on financial centers, draft documents regulating and guiding the implementation of resolutions of the National Assembly on financial centers, etc.

Mr. Nguyen Hoa Binh also noted the arrangement and mobilization of resources to build infrastructure and develop the financial center; prepare and train human resources in the state apparatus to serve the management and operation of the financial center. Along with that, promoting and attracting investment in this field.

Source: https://nld.com.vn/som-hinh-thanh-trung-tam-tai-chinh-o-tp-hcm-va-da-nang-196241217125930257.htm