Propose specific and outstanding mechanisms and policies for international financial centers

Prime Minister Pham Minh Chinh speaks at the first meeting of the Steering Committee. (Photo: TRAN HAI)

Also attending were Permanent Deputy Prime Minister Nguyen Hoa Binh and Deputy Prime Ministers Ho Duc Phoc and Nguyen Chi Dung; leaders of central ministries and branches and leaders of Ho Chi Minh City and Da Nang City, members of the Steering Committee.

At the meeting, the Steering Committee discussed and gave opinions on the development of a resolution of the National Assembly on the international financial center in Vietnam. Including the strategic positioning of Vietnam's international financial center compared to financial centers in the region; the issue of liberalization of capital accounts and foreign exchange; the common law system in the international financial center; the legal system, conditions, international standards in the international financial center; the management structure of the financial center...

Concluding the meeting, Prime Minister Pham Minh Chinh requested the Steering Committee and relevant ministries, branches and localities to closely follow the Politburo's Conclusion and General Secretary To Lam's direction on this issue.

Continue to complete documents and projects, and at the same time explain more about the contents that need to be clarified, especially choosing a model suitable for current conditions; scope of operation, administrative boundaries are relative, choosing the best, feasible location, convenient for administrative management, implementing activities to ensure concentration, increasing digitalization; managing by scientific and technological measures; having high-quality human resources...

The Prime Minister requested that there must be specific mechanisms and policies that are superior to long-established financial centers in the world; the mechanisms and policies are to create a brand, ensuring modernity, efficiency, and superiority as directed by the Politburo.

Regarding resources, it is necessary to strengthen public-private cooperation, use resources of enterprises and people; organize activities, manage, and govern intelligently, with advanced technology, superior resources, high quality, and have policies to attract human resources both domestically and abroad.

Specifying the roadmap for piloting an international financial center for a period of 5 years or more, the Prime Minister requested that the financial center operate in accordance with Vietnamese law, conditions, standards, and international law; ensure that policies are transparent, infrastructure is smooth, governance is smart, security and safety are ensured; there is an independent monitoring mechanism with a reasonable and effective structure; and clear regulations on dispute resolution, if any.

The Prime Minister noted that the competent authorities must clearly define the authority in organizing implementation, especially in handling arising issues that are not yet covered by law or have been overcome in practice during the pilot period; along with completing documents to submit to the Politburo, the National Assembly, ministries, branches, and relevant agencies according to their functions, tasks, and powers to draft decrees guiding implementation...

Source: NHAN DAN NEWSPAPER

Source: https://baosoctrang.org.vn/kinh-te/202504/de-ra-cac-co-che-chinh-sach-dac-thu-vuot-troi-cho-trung-tam-tai-chinh-quoc-te-f6d7b66/