Former Prime Minister Tony Blair said that with the achieved economic results, cooperation potential and attraction for foreign investors, the establishment of an international financial center in Ho Chi Minh City and Da Nang is a very wise decision, strongly supporting Vietnam's development process; opening up many new opportunities and cooperation prospects.
International Director of TheCityUK Nicola Watkinson assessed that the construction of a financial center is an important initiative of Vietnam, bringing Vietnam deeper into the international financial system, creating favorable conditions for the country's development.
The Deputy Minister of Finance of England Lord Livermore said that the British Ministry of Finance appreciated the aspiration and progress of the Vietnamese government in building a financial center. The representative of the British side shared experiences from the London financial center model, emphasizing three key factors that make up the success of this center, including: Effective management mechanism; High quality human resources; The dispute settlement system is in accordance with international practices. The British side affirmed that perfecting the legal framework will be a decisive factor to help Vietnam become a more attractive destination for international financial investors.
At Luxembourg, Executive Director of the Luxembourg Stock Exchange (LuxSE) Julie Becker affirmed that with its important geopolitical position, independent, autonomous and sustainable foreign policy, Vietnam has the full capacity and position to become an important financial center in the world.
Minister of Finance Luxembourg Gilles Roth assessed that Vietnam has a reliable financial infrastructure and is completely well-founded to build a financial center. Minister Gilles Roth said that for financial centers to operate effectively, there need to be 4 important factors including: A strong and flexible legal system, in accordance with international standards; supervisory agencies to ensure compliance with regulations; human resources with sufficient qualifications to participate in financial centers; investment resources from both the public and private sectors. The Minister also recommended that financial centers should be built on 3 pillars: banking and insurance systems; investment and technology funds, fintech, AI, digital assets, digital assets.
In Frankfurt (Germany), during a working session of Permanent Deputy Prime Minister Nguyen Hoa Binh, President of the European Central Bank (ECB) Christine Lagarde said that the ECB will assign a legal department to support Vietnam in building a legal framework suitable for the financial center. The ECB President welcomed the proposal for Vietnamese officials to internship at the ECB to learn the model of operating financial centers.
The ECB President affirmed that technical assistance will include: Building a legal framework, training, supervision and requesting Vietnam to clearly identify priority areas. The ECB said that it will receive 2-3 Vietnamese interns and will discuss specifics during the process of preparing the memorandum of understanding and implementing the next cooperation contents.
Mr. Alexander Lorz - Minister of Finance of Hessen State (Germany) - affirmed his readiness to share information and experience in organizing and operating the Financial Center; support the training and connection of financial experts from Frankfurt and promote cooperation between Hessen State and Vietnam in the coming time.
The Hessen State Ministry of Finance said that financial development is a key pillar in the city's development strategy, with 3 principles: "stability - development - prosperity. The Hessen State Financial Services Center has been operating since 2003 under a "one-stop" mechanism, receiving problems from businesses and investors to connect and resolve with relevant agencies.
