PM orders clarifying operation of regional, int’l financial centres
Prime Minister Pham Minh Chinh on September 30 asked competent ministries, sectors, Ho Chi Minh City and Da Nang city to clearly define the scope and operating model of regional and international financial centres to be established in Vietnam.
PM Pham Minh Chinh chairs a meeting between the permanent cabinet members and the steering committee for developing the project on regional and international financial centres on September 30. (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinh on September 30 asked competent ministries, sectors, Ho Chi Minh City and Da Nang city to clearly define the scope and operating model of regional and international financial centres to be established in Vietnam.
He made the statement while chairing a meeting between the permanent cabinet members and the steering committee for developing the project on regional and international financial centres. The event was attended by Standing Deputy PM Nguyen Hoa Binh, Secretary of the Party Committee of Ho Chi Minh City Nguyen Van Nen, Deputy PM Tran Hong Ha, and leaders from ministries, sectors and the two cities.
PM Chinh stated that the financial centres are built for the formation of a financial market and development of financial services, aimed at mobilising financial resources for the development of the two cities in particular and the country as a whole.
Relevant sides must work on conditions regarding infrastructure, human resources, financial, land and ecosystem for the financial centres while proposing their missions and operating mechanisms. They also need to develop a legal framework, including visa and tax incentives, to attract financial resources, especially green and digital finance, he stressed.
The Government leader said the moves are intended to shape up a healthy, safe and integrated financial market to tap the potential and advantages of Vietnam, including Ho Chi Minh City and Da Nang city, to the fullest extent.
🌃 Against the backdrop, he ordered ministries and sectors to continue consulting international models and ramp up efforts to complete the project, ensuring that it is feasible, effective, and aligned with practical conditions./.
The Vietnamese equity market boasts strong potential to become a major source of financing for the private sector, according to specialists from the World Bank.
The People’s Committee of Ho Chi Minh City has asked for the Government’s support of its scheme to make the city a regional and international financial hub.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
