National Assembly Chairman Tran Thanh Man attends a seminar on the construction and operation of the International Financial Center.

National Assembly Chairman Tran Thanh Man delivered the opening speech at the seminar "Building and operating an international financial center and recommendations for Vietnam". *Photo: Doan Tan/VNA*

National Assembly Chairman Tran Thanh Man made it clear that the International Financial Center is a new model in Vietnam but has been operating for a long time in Switzerland. Therefore, Vietnam hopes that Swiss agencies and experts will share and give appropriate recommendations to Vietnam in building, managing and operating the International Financial Center in Vietnam.

The National Assembly Chairman also said that despite many difficulties and challenges from the impacts of the world and regional situation, in recent times, Vietnam has achieved remarkable results in socio -economic development, contributing to stabilizing the macro-economy and curbing inflation. Vietnam is the 34th largest economy in the world and is on the rise, recognized and highly appreciated by international organizations. In 2024, Vietnam's economic growth will reach 7.09% with 15/15 socio-economic targets reaching and exceeding the plan, the gross domestic product (GDP) will reach more than 470 billion USD, and the average income per capita will be about 4,700 USD. In addition, social security work is guaranteed. Vietnam is promoting administrative reform, streamlining the apparatus, improving efficiency, effectiveness, efficiency, being closer to the people and serving the people better.

Notably, the Vietnamese National Assembly has promptly amended and issued new laws and resolutions to promote international economic integration and boost investment and trade cooperation with other countries. On June 27, the Vietnamese National Assembly passed Resolution No. 222/2025/QH15 regulating the establishment, operation, management, supervision and specific mechanisms and policies applicable to the International Financial Center in Ho Chi Minh City and Da Nang to attract capital and promote new growth drivers.

National Assembly Chairman Tran Thanh Man stressed that Vietnam and Switzerland have a long-standing traditional relationship. In recent years, political and diplomatic cooperation between the two countries has continued to be strengthened through high-level visits and bilateral dialogues.

National Assembly Chairman Tran Thanh Man speaks at the seminar "Building and operating an international financial center and recommendations for Vietnam". *Photo: Doan Tan/VNA*

Investment cooperation activities between the two countries are also growing. As of June 2025, Vietnam recorded 214 valid direct investment projects from Switzerland, with a total registered capital of about 2.03 billion USD in fields such as processing and manufacturing industry (accounting for the largest proportion), trade services, pharmaceuticals, banking and insurance and food technology.

Believing that the potential and advantages of the two countries are still very large, National Assembly Chairman Tran Thanh Man suggested that the Vietnamese Embassy in Switzerland and the Permanent Mission of Vietnam to the United Nations, the World Trade Organization (WTO) and other international organizations in Geneva will coordinate more closely with Swiss authorities and international organizations in Switzerland to promptly remove difficulties in implementing cooperation documents signed between the two countries, creating favorable conditions to increasingly attract more Swiss investors to Vietnam as well as Vietnamese investors to Switzerland to invest in production and business, especially in the fields and industries in which each country has strengths and needs.

Swiss delegates and experts highly appreciated Vietnam's decision to build an international financial center, saying that this is a strategic issue, closely linked to the trend of deep integration of the global financial system. The delegates also expressed their confidence and emphasized that Vietnam has enough conditions to build international financial centers.

Referring to the factors supporting the establishment and operation of international financial centers, Mr. Guillaume Hingel of the World Economic Forum (WEF) said that a well-trained workforce is one of the important factors for establishing a financial center.

According to Mr. Hingel, with a young population, Vietnam has strengths in this field. In addition, Vietnam also needs to have advanced technology infrastructure to support the real-time payment system; transparent management of public services and data access; and new technology to protect data privacy. Mr. Guillaume Hingel said that Vietnam is making many changes and progresses in this regard.

According to Mr. Guillaume Hingel, Vietnam needs to strengthen cooperation in financial management and apply artificial intelligence (AI) in a balanced and controlled manner...

National Assembly Chairman Tran Thanh Man witnessed the signing ceremony of the memorandum of understanding on cooperation. *Photo: Doan Tan/VNA*

Delegates also focused on exchanging and discussing strategies and legal frameworks for the development of international financial centers in Vietnam; discussing development finance, digital banking, fintech and inclusive finance; as well as fintech strategies for international financial centers...

At the seminar, National Assembly Chairman Tran Thanh Man witnessed the exchange of a Memorandum of Understanding between the Ministry of Finance and the Swiss-Vietnam Economic Forum on enhancing investment cooperation and developing the International Financial Center; and a Memorandum of Understanding between the Ministry of Finance and the Swiss Fintech Association on cooperation in developing the International Financial Center./.

Source: https://hanoimoi.vn/chu-tich-quoc-hoi-tran-thanh-man-du-toa-dam-ve-xay-dung-van-hanh-trung-tam-tai-chinh-quoc-te-710669.html