Chairing a meeting of the steering committee on building regional and international financial centers on the development of the National Assembly’s draft Resolution on the establishment of the international financial center in Vietnam, PM Pham Minh Chinh, who is head of the steering committee, highlighted the need for a highly qualified and professional workforce, and smart and modern governance.
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Prime Minister Pham Minh Chinh chairs the meeting of the steering committee on building regional and international financial centers. |
The center’s mechanisms, policies, infrastructure, human resources, and governance must be superior to those of others, he emphasized.
Noting that the goal of establishing the center is to attract medium- and long-term capital, both direct and indirect, from both the public and private sectors, to serve the country’s rapid and sustainable development, the Government leader stressed that policies must ensure property rights, freedom of business, and freedom of movement for all entities participating in the financial center.
With the view that Vietnam’s international financial center must be a “free and equal playing field, with harmonized benefits and shared risks,” the PM said that its operation must respect market mechanisms; capital within the center must be allowed to flow freely; and all related procedures must be streamlined, with all unnecessary sub-licenses eliminated.
He agreed on the selection of Ho Chi Minh City and Da Nang as the locations for the international financial center, saying while both will operate under unified management, each will maintain distinct characteristics.
Agreeing on the location of the international financial center to be in both Ho Chi Minh City and Da Nang, with unified management but distinct characteristics, PM Pham Minh Chinh requested the swift finalization of reports, the draft resolution, and an action program, to be submitted to the relevant authorities, ensuring timely and high-quality completion.
Source: VNA