The Government has approved a proposal from the Ministry of Finance to develop a National Assembly Resolution on establishing a Financial Center in Vietnam.

The projected Resolution aims to create a robust legal framework, foster the development of the financial market, attract leading global financial institutions, and ensure a level playing field for both domestic and foreign businesses.

This initiative is expected to strengthen Vietnam's integration with the global financial market, drive sustainable economic growth, enhance its international reputation, and ensure national financial security.

According to the Ministry of Finance, Vietnam stands out as a beacon of economic development, demonstrating macroeconomic stability and strong investment appeal. Moreover, Vietnam's leadership in adopting innovative financial technologies positions it to create a competitive edge and develop "unique" products for the Financial Center.

The country is steadily building the foundations necessary to develop a modern financial market and establish a Financial Center capable of connecting with regional and global financial hubs.

The development of the draft National Assembly Resolution is considered a vital step in realizing this vision. It will lay the groundwork for the successful formation of a regional and international financial center, helping Vietnam deepen its global financial ties, attract foreign financial institutions, mobilize new investment resources, and capitalize on shifting international capital flows.