(NLDO)- General Secretary To Lam emphasized that Vietnam listens to opinions on building a financial center, encouraging investment and developing businesses.
Enhancing Vietnam's position in the regional and international financial system
According to the special correspondent of VNA, at noon on March 13 in Singapore, General Secretary To Lam and the high-ranking Vietnamese delegation attended the Vietnam-Singapore Business Forum: "Vietnam - the destination of the era of science, technology and financial cooperation" organized by the Vietnamese Embassy in Singapore in coordination with the Vietnamese Ministry of Finance.
The seminar was attended by more than 100 Singaporean and Vietnamese enterprises in fields such as high technology, telecommunications, banking and finance, energy, air transport, construction - real estate, urban areas, agricultural processing and manufacturing, healthcare, and human resource training.
At the seminar, sharing about the orientation of building an international financial center of Vietnam, Minister of Finance Nguyen Van Thang said that Vietnam aims to develop a financial center to raise the level of the national financial system and Vietnam's position in the regional and international financial system.
With 5 strategic orientations to continue to strongly open up the financial sector, creating the most favorable conditions for international financial institutions to operate effectively, transparently, fairly, in accordance with international practices; clearly implementing the roadmap to form a financial center in Vietnam by 2035; promoting investment in financial technology; strengthening connections with Singapore and financial centers of the Association of Southeast Asian Nations (ASEAN) to develop high-quality human resources; ensuring financial market stability, risk management and protecting investors' rights.
General Secretary To Lam witnessed the exchange of cooperation documents between businesses of the two countries. Photo: VNA
Minister Nguyen Van Thang expressed that Vietnam wishes to have companionship, support and share valuable experiences from Singapore - a typical model of international financial development and innovation.
At the seminar, Singaporean businesses, experts and economists shared experiences in developing the financial market and building an international financial centre in Singapore; promoting science, technology, innovation and investment, high-tech industries; experience in investment, technology development, building a financial centre and recommendations for Vietnam...
Improve the quality of cooperation
Speaking at the seminar, General Secretary To Lam emphasized that the Vietnam-Singapore relationship is entering a period of good development, moving towards new heights based on the sharing of strategic interests, cooperation achievements, and friendship nurtured after more than 50 years of establishing diplomatic relations and more than 10 years of establishing the Strategic Partnership.
In addition, the ASEAN community is increasingly cohesive and highly complementary. In particular, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) coming into effect has opened up new economic cooperation spaces with many breakthroughs in the coming time. The Vietnam-Singapore Economic Connectivity Agreement signed between the two governments has promoted comprehensive cooperation in many fields.
Up to now, the Vietnam-Singapore relationship is considered a typical example of a dynamic and effective relationship in ASEAN, becoming a model for promoting intra-bloc and regional cooperation mechanisms. The results of economic cooperation are encouraging but still not really commensurate with the potential of the two sides. Entering the 5th decade of bilateral relations, the potential for cooperation between the two countries is still very rich, strongly promoted by the abundant internal strength of each country as well as the breath of the new era, the era of scientific and technological revolution, deep regional integration and association.
General Secretary To Lam said that Vietnam and Singapore have upgraded their relationship to a Comprehensive Strategic Partnership, which not only means that the two sides cooperate comprehensively in all fields, but also requires improving the quality of cooperation; Vietnam's wish is that new technology, digital technology, clean energy, green energy, all must be brought into the Vietnam-Singapore Industrial Parks (VSIP).
General Secretary To Lam speaks at the Vietnam-Singapore Business Forum. Photo: VNA
According to General Secretary To Lam, Vietnam and Singapore need to enhance the connectivity of the two economies, have a program of activities and plans, not only focusing on areas of strength but also on the overall picture. Singapore has many advantages such as financial resources, scientific technology, innovation centers, logistics systems, combined with Vietnam's abundant, hard-working, intelligent human resources, large market, land, resources, rare earths... will create many innovations, overcome limitations, create great opportunities for mutual development. This is a connection not only between the two countries but also creates effective ASEAN connectivity, contributing to peace and development in the region.
General Secretary To Lam shared that Vietnam's goal is to become a high-income country by 2045, so from now on, we must be determined and make relentless efforts. Recently, Vietnam has focused on perfecting institutions, legal policies, specific and transparent regulations, creating stability and convenience for people as well as investors, creating a driving force to remove difficulties for development, innovation, streamlining the administrative apparatus, focusing on people and businesses.
According to the General Secretary, Vietnam is planning to build a regional and international financial center in Vietnam for the first time, so it is necessary to focus on promoting science and technology, innovation and digital transformation. Vietnam and Singapore have signed a Green Economy-Digital Economy Partnership Agreement. After upgrading their relationship, the two sides are determined to accelerate the implementation of this agreement. Many leading technology corporations have given advice, suggestions, recommendations, and mentioned a lot about human resource training, developing artificial intelligence, chips, semiconductors, quantum technology, and data in Vietnam. This is also an issue that Vietnam is very interested in and researching to create development momentum.
The General Secretary emphasized that Vietnam listens to opinions on building financial centers, encouraging investment and business development; and encouraging indirect investment. The development of these indirect investment funds is beneficial to businesses and necessary for the formation of regional and international financial centers. In addition, Vietnam is also interested in the cryptocurrency and digital currency markets. Vietnam's policy is to continue developing the private economy as a driving force for all-round development of the country, encouraging innovation, dynamism, efficiency and, importantly, trust, cooperation to share, understanding and mutual benefit.
Representatives of Singaporean enterprises attending the Dialogue. Photo: VNA
On this occasion, General Secretary To Lam and the high-ranking Vietnamese delegation witnessed the handover ceremony of cooperation documents between the Department of Innovation, Green Transformation and Industrial Promotion, Ministry of Industry and Trade (Vietnam) and the Global Green Energy Center (Singapore); Vietnam Association of Small and Medium Enterprises and Singapore Association of Small and Medium Enterprises; Vietnam Airlines Corporation and Airport Terminal Services Company; Vietnam Airlines Corporation and ST Engineering Aerospace Company (Singapore); Vietnam Airlines Corporation, Saigon Tourist Corporation and Alpha Pacific Group (Singapore); VinUni University and Nanyang Technological University (Singapore); Hanoi Telecommunications Joint Stock Company and Willis Towers Watson Company, (Singapore); Vietnam Association for Research and Application of Biomedical Technology and National Heart Center of Singapore; Hekate Vietnam Technology Joint Stock Company and Wiz Holdings Limited Liability Company (Singapore).
Source: https://nld.com.vn/tong-bi-thu-viet-nam-lan-dau-dat-ke-hoach-xay-dung-trung-tam-tai-chinh-khu-vuc-va-quoc-te-196250313190424157.htm
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