The Ministry of Planning and Investment proposed to build Da Nang into a regional financial center

6510

The Ministry of Planning and Investment proposed to build Da Nang into a regional financial center. Photo: Da Nang newspaper.

The Ministry of Planning and Investment has just proposed to the Prime Minister to allow Da Nang to become a regional financial center.

The Ministry proposed the Prime Minister assigns the People’s Committee of Da Nang city to research and hire a consultant (priority is given to international consultants) to formulate the project. The project will propose mechanisms and policies to build regional financial centers, in which it is necessary to specify which mechanisms fall under the authority of the National Assembly, the Standing Committee of the National Assembly, the Government, ministries and the city.

At the same time, the Ministry of Planning and Investment also noted that Da Nang city must carefully analyze the proposals on tax, monetary and banking policies; the construction of a project of a financial and commercial complex with casino entertainment and entertainment areas and high-end apartments; There is an impact assessment and additional updates on the impacts of the Covid-19 epidemic in Vietnam as well as in the external market associated with the project implementation roadmap.

The Ministry of Planning and Investment also proposed to assign the People’s Committee of Da Nang city to select a sponsor and a consultant to develop the project according to regulations.

Commenting on the project, the Ministry of Finance, the State Bank and the Ministry of Justice unanimously agreed with the recommendations and proposals of the Ministry of Planning and Investment. However, the State Bank noted that the development of Da Nang city into a financial center should ensure that goals and solutions related to the money market are given, banking operations must be in line with the Strategy. development of Vietnam’s banking industry to 2025, with a vision to 2030, approved by the Prime Minister in Decision No. 986/2018.

The People’s Committee of Da Nang city is proposed to research and collect comments from the Ministry of Finance, the Ministry of Justice and the State Bank of Vietnam to formulate the project accordingly.

Previously, at the Politburo’s Resolution No. 43/2019 on building and developing Da Nang city to 2030, with a vision to 2045, the city was oriented to become one of the major socio-economic centers. of the whole country and Southeast Asia as a hub for entrepreneurship, innovation, tourism, commerce, finance …

Source: Vnexplorer

For more information, please contact Vietnam Trade Office in Canada at Ca@moit.gov.vn