‘Bank-like salary mechanism to attract technology talent’

At the workshop to propose a specific mechanism for the International Financial Center organized by the Department of Science and Technology of Ho Chi Minh City on the morning of January 15, experts proposed policies to attract and develop management human resources, operates this center.

Mr. Phan Hong Quan, representative of the Vietnam Blockchain Association, said that when developing an international financial center, in addition to hard infrastructure such as facilities, technology… soft infrastructure such as qualified human resources equally important. Working at universities, Mr. Quan assessed that there are many young people who are very passionate about new technologies such as blockchain, artificial intelligence (AI), fintech… However, the mechanism to encourage the development of human resources in the field There are not many in this area in the country.

The representative of the Vietnam Blockchain Association proposed that there should be advanced student training programs, encouraging young people to access STEM education from high school. Mr. Trung wants the city to allocate budget to invest in technology-savvy personnel for the financial center. “People are Vietnam’s competitive advantage because we cannot compare financial capacity with major financial centers in Singapore, London or New York,” Mr. Quan said.

Agreeing, Mr. Nguyen Dinh Thang, Chairman of Vietnam Fintech Club, proposed that the city have human resource training centers according to international standards. To do this, Mr. Thang said that it is necessary to have a mechanism to attract talented Vietnamese people with experience working in financial centers around the world through income policies. “There is a need for a mechanism for the financial center to proactively pay salaries, similar to the banking industry,” Mr. Thang said.

Dr. Ha Thi Thuy, Head of the Department of Commercial Finance, Ho Chi Minh City University of Economics and Finance, said that training fintech human resources currently lacks cooperation between schools, the state and businesses. She proposed that the city have a budget for training high-quality human resources from students and retraining personnel working at businesses. “The organization of this training requires state funding to support human resources to meet market requirements. The reason is that educational activities in schools are limited in practicality,” Dr. Thuy said.

Dr. Tran Quy, Director of the Vietnam Digital Economy Development Institute, assessed that human resources for financial technology are very lacking. He said that training activities in the fintech field need to expand the scale of university faculties and international cooperation in human resource training. Dr. Quy believes that there needs to be adequate scholarships to encourage the attraction of human resources in this field.

The issue of human resources for the international financial center was raised by Ho Chi Minh City Party Secretary Nguyen Van Nen at a meeting on January 2. He asked agencies to proactively recruit from existing human resources, combining other policies. The financial center’s human resources can receive short-term training at major international financial centers in the world.

At the workshop, in addition to human resources issues, experts proposed that the operating mechanism of the International Financial Center in Ho Chi Minh City should meet technological infrastructure requirements such as high-speed internet network and center construction. data and mechanisms for management, business, and data exploitation; controlled testing mechanisms (sandbox) when operating financial centers. Experts also proposed legalizing cryptocurrency mining and trading; Financial transaction activities need to be carried out freely based on the legal system; regulations to prevent money laundering, ensure asset safety…

Director of Ho Chi Minh City Department of Science and Technology Nguyen Viet Dung, assessed that the world’s leading financial corporations are currently making a shift in recruitment by choosing personnel with technological capabilities in addition to specialized knowledge. . This is demonstrated by the fact that some financial companies have revenue from selling technology tools that help customers do analysis and forecasting in the field. He said that experts’ opinions are the basis to help the Department advise the City People’s Committee on issues related to attracting high-quality human resources, developing technical and technological infrastructure, researching and implementing, and promoting Promote innovation in the International Financial Center project.

On January 4, the Government Resolution on building a regional and international financial center in Vietnam was announced by Prime Minister Pham Minh Chinh with the policy of establishing a comprehensive International Financial Center in Ho Chi Minh City and Ho Chi Minh City. Regional financial center in Da Nang City, expected to operate this year. The construction of these centers aims to develop Vietnam into an important financial destination in the region and the world. The International Financial Center helps Vietnam connect the global financial market; attract foreign financial institutions, create new resources, and promote existing resources; take advantage of opportunities to shift international investment capital flows for economic and social development; promote the development of Vietnam’s financial market effectively, according to international standards; creating new motivation, creating a breakthrough in development.