HO CHI MINH CITY (Vietnam News/ANN): Politburo member, Prime Minister Pham Minh Chinh chaired a conference in Ho Chi Minh City on January 4 to announce the Government’s resolution on promulgating action plan to implement the Politburo’s conclusion on developing regional and international financial centres in Vietnam.
Earlier, the Politburo had agreed to establish a comprehensive international financial centre in the southern largest economic hub of HCM City and a regional financial centre in the central city of Da Nang.
At the conference, Secretary of the HCM City Party Committee Nguyen Van Nen and Secretary of the Da Nang City Party Committee Nguyen Van Quang presented the preparations to develop the financial centres; solutions to implement the action plan, and decisions to establish the steering committees for the financial centres.
Alexandra Smith, Consul General of the United Kingdom in HCM City, said that Vietnam is at an important moment, entering an era of the nation’s rise. The building of the regional and international financial centres in Vietnam is one of the proofs to ensure this goal.
The UK has been and is committed to continuing to cooperate and support Vietnam to successfully build the regional and international financial centres, she stressed.
Speaking at the conference, PM Pham Minh Chinh expressed his joy at the strong participation of ministries, branches and localities as well as the support and sharing of international friends, which have helped to strengthen confidence in the effective development of the regional and international financial centres in Vietnam.
He said that after nearly 40 years of renewal, Vietnam has never had the fortune, potential, position and international reputation as it does today. In 2024, Vietnam's socio-economic situation continued to recover very positively as the next month’s achievements were higher than the previous month and the next quarter was better than the previous quarter, achieving many outstanding results in all fields and better than 2023.
According to the government leader, Vietnam meets five requirements to build an international financial centre. Among them, Vietnam has the 33rd largest economy in the world; economic growth rate is high and stable; Vietnam is implementing three strategic breakthroughs and achieving positive results; it is leading in terms of stock market development in the region, with stock market capitalisation reaching 7.2 quadrillion VND; deep international economic integration, with its openness 1.7 times greater than total GDP; political stability, social order and safety, maintaining a peaceful environment, cooperation, development and a favorable location.
PM Chinh hoped that domestic and international partners will continue to accompany the Government of Vietnam in the process of building and developing the financial centres; propose policies and consultancy based on the experience of established international financial centres in the world, especially centres with similar conditions; and assist in attracting resources and connecting large, potential investors to participate in the financial centres in Vietnam.
Building the regional and international financial centres in Vietnam is an urgent requirement, receiving great attention from the Party, State and Government’s leaders, he said, adding that is the work of the entire Party, the entire political system, the entire people, and businesses with the cooperation and support of international friends.
With the motto of listening and understanding together; sharing vision and action; working together, enjoying together, winning together and developing together, PM Chinh believed that Vietnam will achieve successes in building and developing the regional and international financial centres, contributing to development and common prosperity of the region and the world. - Vietnam News/ANN
