Will build a National Assembly Resolution on Financial Center in Vietnam

The Government issued Resolution No. 42/NQ-CP dated March 5, 2025 on the proposal to develop a National Assembly Resolution on Financial Centers in Vietnam.

The Government issued Resolution No. 42/NQ-CP dated March 5, 2025 on the proposal to develop a National Assembly Resolution on Financial Centers in Vietnam.

Vietnam is a bright spot in economic development and growth, macroeconomic stability, and investment attraction.

Specifically, the Government resolved to approve the proposal to build a National Assembly Resolution on Financial Centers in Vietnam at the request of the Ministry of Finance.

The Government requests the Ministry of Finance to closely coordinate with relevant ministries, agencies, the People's Committee of Ho Chi Minh City, and the People's Committee of Da Nang City to fully and reasonably absorb the opinions of Government members and relevant agencies in the process of developing and completing the draft Resolution of the National Assembly in accordance with regulations, ensuring the quality and progress of reporting as required; ensuring compliance with the conclusions of the Politburo in Notice No. 47-TB/TW dated November 15, 2024, the Government's resolution in Resolution No. 259/NQ-CP dated December 31, 2024; instructions of the Government leaders in relevant documents; be responsible for the contents of reports and recommendations.

According to the Ministry of Finance, Vietnam is currently a bright spot in economic development and growth, macroeconomic stability, and investment attraction. In addition, Vietnam is also among the leading markets in the rate of application of future financial technologies, which can create competitive advantages and form "special" products for the Financial Center in Vietnam.

Vietnam is gradually converging the necessary factors to develop a modern financial market, aiming to form a financial center capable of connecting with financial centers in the region and the world.

Therefore, the development of the National Assembly Resolution on the Financial Center in Vietnam is extremely necessary to successfully form a regional and international financial center; help Vietnam connect to the global financial market; attract foreign financial institutions, create new investment resources, promote existing investment resources; and take advantage of opportunities to shift international investment capital flows.

At the same time, promote the development of Vietnam's financial market effectively, catch up with international standards; contribute to the sustainable development of the country's economy, enhance the role, position, prestige and influence of Vietnam in the international arena. From there, ensure national defense and security, especially in the financial field early, from afar and contribute to bringing the country into a new era, the era of national development.

Source: https://baodautu.vn/se-xay-dung-nghi-quyet-cua-quoc-hoi-ve-trung-tam-tai-chinh-tai-viet-nam-d251232.html