(VOVWORLD) -Deputy Prime Minister Nguyen Hoa Binh on Monday outlined Vietnam’s commitments to developing an international financial center as he addressed the annual conference of the World Alliance of International Financial Centers (WAIFC) in Frankfurt, Germany.
 Permanent Deputy Prime Minister Nguyen Hoa Binh said Vietnam has potential and advantages to build a financial center. (Photo: VGP/Nguyen Hoang) |
Mr. Binh made clear Vietnam’s three priorities. They are establishing a transparent and modern legal framework to ensure investor safety and trust; introducing flexible and competitive incentives to build an attractive, distinctive financial hub; and attracting top experts and high-quality human resources by investing in world-class infrastructure.
He said Vietnam hopes the World Alliance of International Financial Centers, described as a “lighthouse” amid international uncertainties, will serve as a gateway linking Vietnam’s financial market with the world.
 Permanent Deputy Prime Minister Nguyen Hoa Binh speaks at the annual conference of the World Alliance of International Financial Centers (WAIFC). (Photo: VGP/Nguyen Hoang) |
During a working trip to Germany this week, Deputy PM Binh and a high-level Vietnamese delegation attended the SWIFT International Banking Operations Seminar (Sibos 2025) in Frankfurt on Monday. Sibos 2025, the world’s largest international finance and banking event, brought together 10,000 delegates from central banks, financial institutions, technology corporations, and global businesses.
On Tuesday, the Vietnamese Deputy PM chaired the Investment Promotion Conference for International Financial Centers in Vietnam, which was organized by the Ministry of Finance in coordination with Vietnam’s Embassy in Germany, the Consulate General in Frankfurt, and the People’s Committee of Da Nang City.