Da Nang promotes investment in the UK

165a0806(1).jpg — Director of the Department of Finance of Da Nang city speaks at the conference. Photo: Provided by the working group.

On September 16 (local time), in London (UK), the Ministry of Finance organized an investment promotion conference in the UK with the participation of nearly 300 representatives of large enterprises, corporations, banks, investment funds from Vietnam and internationally, along with news agencies and newspapers.

At the conference, delegates were introduced to the potential of the Vietnamese market, achievements in stable economic development and preferential policies for foreign investors, especially in the fields of finance and the stock market.

Director of the Department of Finance of Da Nang Tran Thi Thanh Tam emphasized Vietnam's strategic vision in building international financial centers. In particular, Da Nang and Ho Chi Minh City were chosen to build the International Financial Center in Vietnam. The selection of Da Nang is the result of a thorough assessment of the city's geo-economic position, dynamism and long-term development orientation.

Da Nang is currently the first city in Vietnam to establish a free trade zone, possessing a diverse international infrastructure system with 1 international submarine cable station, 2 international airports, including 1 airport meeting Skytrax 5-star standards and 3 international seaports along with a system of concentrated information technology zones, open economic zones, and high-tech zones.

Possessing modern infrastructure with international-class facilities and unique natural landscapes, Da Nang creates favorable conditions for becoming one of the centers of commerce, innovation, digital technology, and smart finance in the Asia region.

Based on Conclusion No. 47 of the Politburo, the Standing Committee of the Da Nang City Party Committee identified priority areas for the International Financial Center including: green finance, trade finance, innovative testing mechanisms and new financial technology models for digital assets, digital currencies, digital payments as well as investment activities, fund management, logistics, legal services, etc.

All aim to build a diverse, dynamic, creative and friendly financial ecosystem with core values such as green, smart, digital, innovative, inclusive and customer-centric, sustainable development.

With that orientation, the city has arranged 18 hectares of cleared land in the central area to build a financial center that meets international standards.

In the long term, the city will form the An Don financial district (62 hectares) and will allocate 300 hectares out of a total of 1,500 hectares in the national dynamic urban area to build a financial center.

At the same time, the city focuses on prioritizing investment in transport infrastructure, digital infrastructure, data centers, and forming more innovative space projects to serve the international financial center.

In addition, developing high-quality human resources through selecting talented and experienced staff to send for internships and attend specialized training courses at major financial centers; coordinating with universities to develop training programs on international finance, financial technology, blockchain, etc.; inviting major financial institutions in the world to cooperate and accompany the city.

According to Ms. Tran Thi Thanh Tam, Da Nang is looking forward to welcoming international companies, organizations and corporations to visit and study investment and business opportunities in Da Nang city.

With the existing foundations and development prospects in the new era, Da Nang city is ready to accompany investors, financial institutions, and international experts in the journey to realize the vision of building the Vietnam International Financial Center in Da Nang city, a modern, creative, friendly, and trustworthy center.

Source: https://baodanang.vn/da-nang-xuc-tien-dau-tu-tai-vuong-quoc-anh-3303050.html