DNO - This was affirmed by Deputy Minister of Planning and Investment Do Thanh Trung at the workshop on Developing an International Financial Center in Vietnam organized by the People's Committee of Da Nang City and the Ministry of Planning and Investment on the afternoon of January 16.
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| Deputy Minister of Planning and Investment Do Thanh Trung speaks at the workshop. Photo: M.QUE |
Deputy Minister of Planning and Investment Do Thanh Trung said that the global financial system is gradually reshaping and the world is in need of developing new financial centers, providing specialized and modern financial products and services such as financial technology (fintech), green finance, crypto assets, digital banking and digital financial transaction markets... serving niche markets, creating a difference from traditional financial centers, thereby maximizing space and development opportunities.
Vietnam has its own special advantages such as a rapidly growing economy, abundant human resources, increasing quality, and rapidly developing and perfecting infrastructure. If Vietnam takes advantage of this opportunity, it will receive financial resources shifting from other major international financial centers in the region as well as internationally to break through and establish a new position.
From there, it creates the premise to bring the country into a new era, an era of wealth and prosperity, an era of the Vietnamese people's rise. The construction of a regional and international financial center has been identified by the Party, State, National Assembly and Government as one of the institutional breakthroughs, a policy to liberate resources, promote the transformation of the growth model associated with economic restructuring, to improve productivity, efficiency and competitiveness; bringing Vietnam to participate in a higher level in the global economic value chain.
It can be seen that Da Nang city is converging the factors of "heaven, time, place, and people" when it has full advantages, potentials, development requirements, and political determination to build a regional financial center.
Firstly, Da Nang has an important geopolitical and economic position, located in the center of the Central Coastal Region, with high international traffic connectivity, including many large-scale projects and works, receiving attention and high appreciation from international financial investors such as the international airport ranked as the best quality in the world.
The Lien Chieu Port project, Da Nang High-Tech Park, living environment, urban infrastructure, developed tourism services, especially when combined with Da Nang Free Trade Zone, will open up opportunities to develop international financial - trade and high-tech links to make Da Nang an investment - trade - financial - technological gateway of the country and region.
Second, Da Nang has been on the list of the most livable cities in the world for many years with many policies that carry its own brand such as the city of "5 no's", "3 yes's", "4 safe". Thereby bringing a positive perspective and being highly appreciated by the international community.
Third, the participation, drastic direction and proactive, active coordination with relevant agencies of the Secretary of the Da Nang City Party Committee have opened up development prospects, turning Da Nang into a center for trading not only goods but also international services and technology.
From these factors, investors and international consulting organizations 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.
Therefore, implementing the roadmap to build Da Nang city into a regional financial center according to the policy of the Party and State is necessary to develop international financial services and ancillary services with potential and advantages...
Mobilizing international financial resources for the breakthrough development of Da Nang city and the Central Highlands region in particular, and the country in general.
The financial center of Da Nang city is not only a symbol of Vietnam's prosperity but also actively contributes to the stability and development of the global financial system.
To continue effectively implementing the orientation of developing a regional and international financial center in Vietnam, Deputy Minister of Planning and Investment Nguyen Thanh Trung proposed a number of key tasks, solutions and discussion contents that need to be focused on immediately in 2025.
With the support of international partners, ministries, branches and localities research and learn international experience in the process of building and operating Financial Centers; research to mobilize investment resources and develop Financial Centers in Vietnam.
For Da Nang city, it is necessary to focus on allocating resources, preparing basic conditions and creating favorable conditions for the development of the Financial Center, especially infrastructure resources (including hard infrastructure, soft infrastructure, digital infrastructure), human resources, institutions, business investment environment, and living environment.
In addition, focus on mobilizing, approaching and attracting strategic investors and financial institutions to invest in local financial centers.
CINNAMON
Source: http://baodanang.vn/kinhte/202501/da-nang-co-nhieu-loi-the-phat-trien-trung-tam-tai-chinh-khu-vuc-3999338/
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