Participants focused on assessing the financial market in Vietnam in 2023, shared models and experiences in building international financial centres and put forth recommendations for Vietnam. Some financial groups also talked about their plans on investment in Vietnam.

Prime Minister Pham Minh Chinh and delegates at the talk.

They shared the view that Vietnam, as one of the fastest growing economies in the world, has potential to become a financial hub of the region and the world.

Representatives from Vietnam’s ministries and agencies fielded questions about the legal framework on the financial market in general and the operation of financial centres in particular, the law on money laundering, infrastructure serving the financial market, and related issues.

Concluding the dialogue, PM Chinh confirmed the consensus in setting up a research and advisory group on building financial centres in Vietnam led by former German vice chancellor Dr. Philipp Rösler, Minister of Planning and Investment Nguyen Chi Dung and Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai.

The PM asked experts, banks and financial investment funds to assist Vietnam in policy making, promoting startup and innovation, restructuring banks, building the national brand, developing infrastructure and training human resources.

In particular, he urged global groups and funds to share experience and advise Vietnam in selecting suitable models and solutions in financial centre development, and in building institutions, policies and measures to develop a comprehensive financial ecology covering fintech, digital banks, digital payment, digital transaction, green finance, and transaction floors for carbon credit, merchandise and foreign exchange.

Chinh said Vietnam also needs help in improving the country’s credit ratings and standards in accounting, auditing and financial reporting, thus laying important foundations for the successful development of international financial centres in the future.

He hoped foreign partners will consider participating in the restructuring of weak banks in Vietnam and support the country in personnel training in financial services.

The Vietnamese Government leader affirmed that the Vietnamese Government always accompanies and creates all possible favourable conditions for foreign investors in general and Swiss investors in particular to do business in the country. Vietnam is committed to protecting the legal and legitimate rights and interests of investors in any circumstances, and is always open to recommendations of the business community for mutual development, he said.

The PM’s remarks received warm response from the event’s participants. Don Lam, the CEO of VinaCapital, one of the organisers of the talk, said the Young Presidents’ Organisation (YPO) has decided to arrange a trip to Vietnam after the talk.

PM delivers keynote speech at policy dialogue on Vietnam's global vision

Prime Minister Pham Minh Chinh attended and delivered a keynote speech at the policy dialogue on Vietnam’s global vision during the 54th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland on January 16 (local time).

PM promises government support for AI, semiconductor companies coming to Vietnam

Prime Minister Pham Minh Chinh has called on global investors to look at Vietnam’s AI, auto and semiconductor industries, saying they are guaranteed government support.

PM chairs dialogue with tech businesses in Switzerland

Prime Minister Pham Minh Chinh presided over a dialogue with businesses on cooperation in artificial intelligence (AI), automobile industry, semiconductor chip and ecosystem development in Davos, Switzerland, on January 16 (local time), as part of his trip to attend the 54th Annual Meeting of the World Economic Forum (WEF).

Deputy PM receives Vietnamese, Japanese students

Deputy Prime Minister Tran Luu Quang hosted a reception in Hanoi on January 16 for a delegation of Vietnamese and Japanese students joining the Teenage Ambassadors’ Programme, which is organised to celebrate the 50th founding anniversary of Vietnam-Japan diplomatic ties.

PM leaves for WEF-54, official visits to Hungary, Romania

Prime Minister Pham Minh Chinh, his spouse and a high-ranking Vietnamese delegation left Hanoi on January 16 early morning for attendance at the 54th Annual Meeting of the World Economic Forum (WEF-54) in Davos, Switzerland and official visits to Hungary and Romania from January 16-23.

Source: VNA