Effective information channel contributing to building and developing an international financial center in Vietnam

Attending the event, on the side of the State Bank of Vietnam (SBV), there were Mr. Nguyen Duc Long, Director of the Department of Credit Institutions Safety; Mr. Pham Anh Tuan, Director of the Payment Department; Ms. Le Thi Thuy Sen, Editor-in-Chief of Banking Times...

Ms. Le Thi Thuy Sen, Editor-in-Chief of Banking Times, delivered the opening speech at the event.

On the experts' side, there were Associate Professor, Dr. Hoang Cong Gia Khanh, Rector of the University of Economics and Law, Ho Chi Minh City National University; Associate Professor, Dr. Dang Ngoc Duc, Director of the Institute of Financial Technology and Director of the Center for Fintech Development and Innovation, Dai Nam University; Mr. Richard D. McClellan, Economist, independent consultant specializing in economic policy, financial sector development and investment strategy; Mr. Ryu Je Eun, Deputy General Director of Shinhan Bank Vietnam.

In addition, the event was also attended by nearly 100 experts, policy makers, representatives of prestigious domestic and foreign financial institutions; representatives of leaders of relevant ministries and branches... and representatives of leaders of departments, agencies, and units under the State Bank; representatives of some regional branches of the State Bank, Banking Associations, credit institutions, international organizations, and foreign banks in Vietnam.

Speaking at the opening ceremony, Ms. Le Thi Thuy Sen, Editor-in-Chief of Banking Times, said that the construction of an 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 a higher level in the global economic value chain.

Event Overview

Implementing the orientation of the Party and the State, management agencies, financial and banking organizations and the expert community are joining hands to build a strategic vision for an international financial center in Vietnam. In that process, the banking system - as the lifeblood of the economy - is identified as a pioneering force, both creating a stable foundation and promoting innovation in the national financial ecosystem.

With its assigned roles and tasks, Banking Times always closely follows the activities of the banking industry, organizes events, seminars, and workshops on related contents to provide an information channel for state management agencies and policy makers in the policy-making process. For that reason, with the consent of the leaders of the State Bank of Vietnam, today, Banking Times organizes the event "International experience and the role of the banking system in building a financial center".

The event attracted the participation of many domestic and international experts.

The event was organized to realize three important goals. Firstly, to exchange international experiences in building financial centers, focusing on core topics such as developing modern financial infrastructure; building advanced payment, depository and transaction systems; policies to attract international investors and talents; training high-quality human resources; developing new financial tools such as green finance, financial technology (fintech); and especially solutions to ensure financial security and data security in a digital integration environment.

Second, clarify the role and mission of the banking system in the process of building a financial center in Vietnam. Not only stopping at providing traditional financial products and services, the banking system needs to pioneer in developing specific services such as digital banking, green finance, crypto assets, digital financial markets and cross-border trading platforms.

Third, suggest practical and highly feasible solutions to make the financial center in Vietnam soon become an organic part of the global economy; at the same time, promote the leading role of the banking system in improving international transaction capacity, supporting capital flows and assets to operate smoothly, transparently and safely.

After the event, Banking Times will compile the opinions presented and discussed to report to the SBV Board of Directors and send to the SBV's functional departments and agencies. This will be an important information channel for state management agencies and policy makers to refer to in the process of formulating policies to develop an international financial center.

“Each country will have its own specific model and policies. Therefore, Vietnam also aims to build an international financial center in accordance with its current policies and its own socio-economic conditions. We believe that with the participation of nearly 100 experts, policy makers, and representatives of prestigious domestic and foreign financial institutions, the event will be a gathering place for multi-dimensional perspectives, profound international experiences, and many initiatives in building a regional and international financial center in Vietnam,” Ms. Le Thi Thuy Sen affirmed.

Source: https://thoibaonganhang.vn/kenh-thong-tin-huu-hieu-cong-phan-xay-dung-va-phat-trien-trung-tam-tai-chinh-quoc-te-tai-viet-nam-162844.html