Da Nang seeks to become an international financial center
(VOVWORLD) - Vice Chairman of the Da Nang city People's Committee Ho Ky Minh on Wednesday called on TheCityUK representing UK-based financial and related professional services, to coordinate with strategic investors in building an international financial center (IFC) in Da Nang.
 Da Nang city’s leaders work with TheCityUK’s IFC working group (Photo: VOV) |
Working with Andrew Oldland, head of TheCityUK’s IFC working group, Minh said the center will create momentum for socio-economic development that will enable Vietnam and Da Nang to join the global economic value chain at a higher level and elevate their position in the international arena.
Mr. Minh told the working session, “We need to take into consideration different angles to be able to choose a suitable and effective International Financial Center model. I hope that TheCityUK will continue coordinating with Da Nang. In addition to funding from the UK Foreign, Commonwealth and Development Office, we will seek other funding sources in Vietnam and abroad and collect reports and proposals for an appropriate international financial center model for Da Nang.”
The Ministry of Planning and Investment is collecting proposals for the dossier to request a National Assembly Resolution on a pilot urban government model and mechanisms and policies on Da Nang city development. An International Financial Center will be built in Da Nang city that operates in accordance with an overseas financial center model.