New int’l monetary centre to help turn Vietnam into important monetary gateway: Deputy PM
Introducing the centre’s role and significance at the 15th legislature’s ongoing 9th session, Binh mentioned that it will be a varied environment of monetary services focused within a specific location, combining lots of financial institutions such as banks, investment funds, financial service business and trading platforms like securities, currency, and commodities exchanges, along with a wide variety of supporting services.PM prompts structure int’l monetary centre with transparent, open legal environment Int’l monetary centre systems should be attractive to investors: Deputy PMPM calls for advancement policies for Vietnam’s int’l financial centre
Building a financial centre includes developing a zone with distinct and exceptional policies and legal structures designed to attract investors who provide monetary products and services, as well as associated non-financial services, and link with worldwide monetary centres. It is anticipated to serve as a catalyst for strategic breakthroughs in developing a synchronised and contemporary infrastructure system, particularly in transport, energy, and digital economy, to meet the needs of an international monetary centre; and contribute to the improvement of science, innovation, development, and nationwide digital improvement, as well as the acceleration of structure digital asset management solutions and developing brand-new and modern financial technologies (Fintech) to fulfill the evolving requirements of the monetary market in the digital age. By 2035, Vietnam’s worldwide monetary centre is anticipated to rank among the leading 75 global monetary centres according to the Global Financial Centres Index (GFCI), which consists of fintech-related criteria.
Building a monetary centre includes establishing a zone with superior and unique policies and legal structures developed to bring in investors who supply monetary products and services, as well as related non-financial services, and link with global monetary centres. It is expected to serve as a driver for strategic advancements in developing a synchronised and modern-day infrastructure system, particularly in transport, energy, and digital economy, to meet the needs of an international financial centre; and contribute to the advancement of science, innovation, development, and national digital change, as well as the velocity of structure digital possession management solutions and establishing brand-new and modern monetary technologies (Fintech) to meet the progressing needs of the financial market in the digital age. By 2035, Vietnam’s global monetary centre is expected to rank among the top 75 global monetary centres according to the Global Financial Centres Index (GFCI), which includes fintech-related requirements.