Expressing his gratitude for the warm welcome of Finance Minister Gilles Roth, Permanent Deputy Prime Minister Nguyen Hoa Binh affirmed that the most important purpose of the trip is to learn from experience and information to deploy financial centers in Ho Chi Minh City and Da Nang. The Permanent Deputy Prime Minister hopes that Luxembourg, as a traditional friend and strategic partner in green financial development of Vietnam, an economy that is particularly successful in financial markets, green financial development, fintech management, crypto assets, and cryptocurrencies, will share experience and support Vietnam in this matter.
Regarding the plan to build an international financial center in Ho Chi Minh City and Da Nang, the First Deputy Prime Minister affirmed that this is a very important step, creating a boost to attract resources and promote economic development. Therefore, the Deputy Prime Minister hopes that Luxembourg will provide information and experience in building legal infrastructure and legal systems for the financial center; foster and train human resources for Vietnam's financial center; develop policies to attract foreign investors to participate in Vietnam's financial center; encourage and create conditions for Luxembourg investors to do business in Vietnam and participate in Vietnam's financial market.
For his part, the Luxembourg Finance Minister affirmed that he always wishes to strengthen and deepen the Vietnam-Luxembourg relationship, and promised to make maximum efforts and take concrete steps to help Vietnam build international financial centers. Sharing with the Deputy Prime Minister on this issue, the Luxembourg Finance Minister assessed that Vietnam has a reliable financial infrastructure and has a complete basis to build a financial center.
Minister Gilles Roth believes that for a financial center to operate effectively, four important factors are needed: a strong and flexible legal system that meets international standards; a supervisory agency to ensure that regulations are followed; a qualified workforce to participate in the financial center; and finally, investment resources from both the public and private sectors. Minister Gilles Roth also recommends that the financial center should be built on three pillars: the banking and insurance system; investment funds; and technology, fintech, AI, crypto assets, digital assets, etc.
The two sides also agreed to quickly implement cooperation measures; at the same time, they agreed to soon sign a Memorandum of Understanding on cooperation in building an international financial center in Vietnam.
![[Photo] General Secretary To Lam and Prime Minister Pham Minh Chinh attend the first Congress of the National Data Association](https://vstatic.vietnam.vn/vietnam/resource/IMAGE/2025/3/22/5d9be594d4824ccba3ddff5886db2a9e)
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