City delegation works with fintech companies in Luxembourg

On behalf of the delegation, Standing Vice Chairman of the City People's Committee Ho Ky Minh introduced the policy of building an international financial center in Vietnam, including Da Nang city, the conditions of location and international connectivity, infrastructure, quality of living and business environment in Da Nang city, vision and specialized development orientation of the Da Nang International Financial Center. In which, the values ​​of green, smart, digital, innovation, customers and quality of life are taken as the values ​​to aim for.

Standing Vice Chairman of the City People's Committee Ho Ky Minh worked with the CEO of XGD Europe and representatives of CPay's leadership.

According to the Standing Vice Chairman of the City People's Committee Ho Ky Minh, the core values ​​that the Da Nang Financial Center is aiming for are very close to the strategic values ​​that XGD Europe and DTCPay, prominent financial institutions in the world's digital payment sector, are building.

Permanent Vice President Ho Ky Minh added that crypto-asset and crypto-currency transactions are issues that Vietnam in general and Da Nang city in particular are currently very interested in and requested to share experiences in development, operation as well as investment opportunities in this field.

At the meeting, the leaders of XGD Europe and DTCPay raised many issues regarding infrastructure, human resources, legal framework regulating digital payment activities, crypto asset transactions, and expressed interest in policy mechanisms such as taxes, visas, and the application of international practices in dispute resolution to promote foreign investors' participation in this market of Vietnam through international financial centers.

The delegation of Da Nang city and representatives of the Foreign Investment Agency, Ministry of Finance also informed about the current status of development of digital banking services, digital payments in Vietnam in the past time and the potential for development in the coming time. At the same time, clarify many contents related to outstanding mechanisms and policies expected to be applied to the International Financial Center in Vietnam, the formation of a competitive business environment with special administrative and investment procedures and propose orientations to open up opportunities to form a specialized International Financial Center based on innovation, promote the development of digital payment activities, crypto-asset transactions, crypto-currency contributing to the development in the new era of development of Vietnam.

XGD Europe is a subsidiary of XGD Group, a world-leading design, research & development, manufacturing, sales and service group of payment terminals founded in 2001 and has since grown into a multi-industry group focused on mobile payment devices, mobile payment platforms and artificial intelligence.

DTCPay is a leading digital payment service provider in Asia, founded by Band Zhao, providing advanced cryptocurrency payment services, enabling partners and merchants to accept payments in both cryptocurrency and fiat at over 100 million locations worldwide.

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Source: https://www.danang.gov.vn/web/guest/chinh-quyen/chi-tiet?id=62985&_c=3