Ms. Vu Thi Chan Phuong - Chairwoman of the Securities Commission - said that according to records from international and domestic organizations, Vietnam has many opportunities for FTSE Russell to upgrade its stock market according to the roadmap.
Ms. Vu Thi Chan Phuong - Chairwoman of the Securities Commission - Photo: SSC
The leader of the State Securities Commission shared the above with the press when referring to the key issues of the Vietnamese stock market in 2025 and the coming time.
Progress of stock market upgrading
According to Ms. Vu Thi Chan Phuong, Circular 68 has been officially issued, marking an important step forward, removing legal bottlenecks, meeting the criteria for upgrading by FTSE Russell.
Through practical records, the implementation of non-prefunding transactions by foreign institutional investors is convenient, meeting transaction needs and ensuring safety and transparency from market members and related parties.
Along with that, the Securities Law (amended) has also been issued, which adds many regulations to meet the upgrading standards.
In addition, Ms. Phuong informed that the Ministry of Finance and the Securities Commission are continuing to work with relevant ministries and branches such as the State Bank and the Ministry of Planning and Investment to coordinate and propose solutions to meet the upgrading criteria.
Thereby, many solutions to improve the experience of foreign investors are being promoted, such as amending legal regulations related to procedures for opening indirect investment capital accounts in the direction of minimizing procedures and shortening account opening time, updating and fully disclosing the maximum state ownership ratio for conditional business lines, and limiting access for foreign investors.
"Upgrading the stock market depends on the objective assessment of international rating organizations through the practical experience of foreign investors. However, according to records from international and domestic organizations, Vietnam has many opportunities for FTSE Russell to upgrade according to the roadmap," Ms. Phuong revealed.
On the management side, the highest efforts are still being made to carry out the next tasks to remove bottlenecks such as implementing the central clearing partner (CCP) mechanism, coordinating proposals to expand foreign room, implementing information disclosure in English... to meet the criteria for upgrading according to MSCI standards.
Commodity structure, increased handling of violations
In addition to promoting upgrading, Ms. Vu Thi Chan Phuong said that this year, she will continue to restructure the commodity base; securities trading organizations in the market... At the same time, she will strengthen the capacity to manage, supervise, inspect, check and handle securities violations.
"Continue to invest in and upgrade modern information technology systems, ensure security and safety of information technology systems and databases to serve well the management and supervision of the market, ensure safe market operation, and protect the rights and legitimate interests of investors," said Ms. Phuong.
According to Ms. Phuong, the stock market always depends on many factors, both subjective and objective. The development of this market is a reflection of the combination of domestic and international macro factors, the health of enterprises... through the lens, confidence and expectations of investors in the market.
Therefore, the stock market's performance this year and in the coming time will continue to depend largely on macroeconomic policies and economic prospects in the country and the world, Ms. Phuong emphasized.
The IMF warned that there will be many unstable and unpredictable factors for the global economy, including potential trade conflicts, geopolitical tensions, an excessively strong US dollar and economic weakness in some countries.
"We believe that the world's advantages and challenges will continue to have multi-dimensional impacts on Vietnam's macro economy in general and the stock market in particular," said Ms. Phuong.
Source: https://tuoitre.vn/chu-tich-uy-ban-chung-khoan-noi-ve-kha-nang-nang-hang-thi-truong-chung-khoan-nam-nay-20250206111222441.htm
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