The Ministry of Planning and Investment requested ministries, branches, localities and international partners to closely coordinate to soon complete the draft Resolution of the National Assembly on developing regional and international financial centers in Vietnam.
At the Conference to announce the Government's Resolution promulgating the Action Plan to implement the Politburo's Conclusion on building a regional and international financial center in Vietnam, held on the morning of January 4, Minister of Planning and Investment Nguyen Chi Dung said that in recent times, the regional and world situation has had many fluctuations, complex and unpredictable developments. In particular, the global financial system is gradually reshaping; the world is in need of developing new financial centers, providing specialized financial products and services, serving niche markets, different from traditional financial centers. Through that, receiving shifting financial resources, at the same time, complementing and creating synergistic benefits, contributing to the overall development of the global financial market.
Therefore, emerging financial centers like Vietnam have a golden opportunity to participate in this "game", through establishing an open legal corridor, issuing outstanding preferential policies, in line with international practices to become a "playground" for leading financial investors. In particular, Ho Chi Minh City and Da Nang have converged many fundamental factors to develop a regional and international financial center, considered one of the emerging financial centers, on the path of strong growth. This determination not only reflects Vietnam's aspiration, but also meets the requirements of deep integration with the global economy.
According to Minister Nguyen Chi Dung, the successful construction of a regional and international financial center will play an important role in helping Vietnam achieve five opportunities: Connecting with the global financial market; Attracting foreign financial institutions, creating new investment resources, promoting existing investment resources; Providing high-quality financial services, meeting the needs of domestic and foreign enterprises; Creating a new qualitative shift, helping the financial market in Vietnam become healthy and effective, catching up with international standards, promoting the process of economic restructuring; Contributing to bringing Vietnam deeper into the global economic value chain, enhancing the role, prestige and influence of Vietnam in the international arena; affirming its position as a strong and sustainable economy; thereby ensuring national defense and security, especially in the financial sector early and from afar.
In 2025, Minister Nguyen Chi Dung requested ministries, branches and central agencies to proactively coordinate with the Ministry of Planning and Investment and localities to soon complete the draft Resolution of the National Assembly on developing regional and international financial centers in Vietnam.
In particular, focus on completing the policy groups in the Project approved by the Politburo, ensuring compliance with existing conditions, practices of financial centers in the world and international commitments of Vietnam. Proactively propose necessary policies to ensure the competitiveness of financial centers in Vietnam and proactively accompany localities in the process of developing and operating financial centers.
For Ho Chi Minh City and Da Nang City, it is necessary to focus on allocating resources, preparing basic conditions and creating favorable conditions for the development of Financial Centers, especially infrastructure resources (including hard infrastructure, soft infrastructure, digital infrastructure), human resources, institutions, business investment environment, living environment... Focus on mobilizing, approaching and attracting strategic investors and financial institutions to invest in the Financial Centers of localities.
Minister Nguyen Chi Dung requested international partners to support ministries, sectors and localities in researching and learning international experiences in the process of building and operating the Financial Center. Propose and recommend specific policies and directions for policy groups in the Project, contributing to helping the Vietnamese Government ensure the breakthrough of the Financial Center in Vietnam and mobilize resources for investment and development of Financial Centers in Vietnam.
According to VNA
Source: https://doanhnghiepvn.vn/tin-tuc/de-xuat-giai-phap-trong-tam-de-phat-trien-trung-tam-tai-chinh-tai-viet-nam/20250105091706393
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