Attending the meeting were: Member of the Party Central Committee, Chairman of the Economic and Financial Committee Phan Van Mai; Member of the Party Central Committee, Permanent Deputy Chairman of the Economic and Financial Committee Le Quang Manh; Permanent Member of the Economic and Budgetary Committee; Permanent representative of the Law and Justice Committee, the National Defense, Security and Foreign Affairs Committee, the Hanoi City National Assembly Delegation; representatives of the leaders of the Ministry of Justice, the Ministry of Finance, the City People's Committee, etc.

Reporting at the meeting, Deputy Minister of Finance Nguyen Thi Bich Ngoc said that the draft Resolution was built on the basis of referring to international experience to propose many breakthrough regulations compared to current mechanisms and policies, aiming to attract investment, develop the financial market, attract talent and workers.

In particular, some completely new policies on banking and credit such as the issuance and circulation of virtual currency, digital currency... will create flexible tools to promote financial transactions.

Agreeing on the necessity of issuing a National Assembly Resolution on an international financial center in Vietnam, at the meeting, delegates affirmed that the successful construction of an international financial center will contribute to connecting Vietnam with the global financial market, attracting foreign financial investment, creating new investment resources, contributing to bringing Vietnam deeper into the global value chain, and enhancing Vietnam's position in the international arena.

Delegates also commented on the model of a financial center located in two cities; the scope of regulations and principles of law application; the principles of establishment and operation of the International Financial Center; management agencies, organizations under the International Financial Center, the Central Supervisory Agency for the International Financial Center, etc. At the same time, they commented on foreign exchange and banking policies, tax policies applied at the International Financial Center, labor policies, especially the legal testing framework policy for Fintech and innovation.

Speaking at the meeting, Chairman of the Economic and Financial Committee Phan Van Mai noted that the establishment and implementation of the International Financial Center in Vietnam is a new issue, requiring careful research, absorbing international experience and creative application to the actual conditions of our country. In particular, it is necessary to clearly analyze the advantages, difficulties and obstacles that may arise in the process of implementing the breakthrough mechanisms and policies expected to be applied to the International Financial Center in Vietnam. Policies need to be built on the spirit of maximum openness and moderate management to effectively exploit the interests of the following countries in building and developing this financial center model.

Concluding the meeting, Vice Chairwoman of the Economic and Financial Committee Vu Thi Luu Mai said that all opinions agreed that the construction and development of an international financial center is a correct policy, with full political, legal and practical bases, consistent with the country's development process in the new era. To achieve the highest consensus and ensure persuasiveness, the Ministry of Finance needs to absorb as much as possible the opinions of the delegates to complete the Report. Providing complete and clear information is a key factor in creating consensus and support for the Project.

The Vice Chairman of the Economic and Financial Committee also emphasized that the provisions in the draft Resolution must ensure constitutionality, properly institutionalize the Party's policies and the Politburo's Resolution; policies need to be truly breakthrough and outstanding to create international competitiveness; there must be regulations on coordination mechanisms in organizing implementation between localities to bring about overall effectiveness; with policies and mechanisms that are superior to current legal regulations, it is necessary to seek opinions from competent authorities...

To ensure the specificity and clarity of the draft Resolution, the Vice Chairman of the Economic and Financial Committee said that the draft Resolution should only regulate general, principled issues; clear and highly stable issues; assign the Government and localities to regulate and guide specific contents, ensuring flexibility and timeliness in management and operation.

Source: https://daibieunhandan.vn/cho-y-kien-du-thao-nghi-quyet-cua-quoc-hoi-ve-trung-tam-tai-chinh-quoc-te-tai-viet-nam-post410214.html