According to records from international and domestic organizations, the head of the State Securities Commission (SSC) assessed that Vietnam has many opportunities for FTSE Russell to upgrade its ranking according to the roadmap.
Chairman of the State Securities Commission: Vietnam's securities market has many opportunities to upgrade on schedule
According to records from international and domestic organizations, the head of the State Securities Commission (SSC) assessed that Vietnam has many opportunities for FTSE Russell to upgrade its ranking according to the roadmap.
Brighter colors in 2025
Sharing about the factors affecting and orientations and solutions for market development in 2025 and the coming time, Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong assessed that the advantages and challenges of the world will continue to have multi-dimensional impacts on Vietnam's macro economy in general and the stock market in particular. However, looking at the whole picture, the domestic stock market in 2025 is forecasted to have a brighter color, thanks to the breakthrough expectations from Vietnam's internal factors.
In 2024, the Vietnamese stock market basically maintained stability, safety, and development, continuing to affirm its role as an important medium- and long-term capital channel for the economy and businesses; the market maintained stability, good liquidity, discipline was consolidated, and transparency and sustainability were increased. This was also a year that recorded many milestones in the management, operation, and supervision of the stock market by the Securities industry, in which the most typical was the work of perfecting the legal framework when the amended Securities Law was issued, or before that, Circular 68/2024/TT-BTC removed important bottlenecks for the upgrading process...
According to the head of the State Securities Commission, the positive results of 2024 are not only the efforts of the securities industry, but also the result of an accumulation process of the entire industry over many years, along with the participation of the entire political system, creating an important foundation for the development of the market.
The development of the stock market reflects the combination of domestic and international macroeconomic factors, the health of enterprises... through the lens, confidence and expectations of investors in the market. Therefore, according to Ms. Phuong, the development of the stock market this year and the coming time will continue to depend largely on macroeconomic policies and economic prospects in the country and the world. Many organizations forecast the stability of the global economy will be maintained in 2025 and 2026. However, there are still many unstable and unpredictable factors for the global economy that are warned, including potential trade conflicts, geopolitical tensions, the excessive strengthening of the US dollar and the weakening of the economies of some countries.
The Chairman of the State Securities Commission emphasized that Vietnam has many opportunities to achieve the GDP growth target set by the Government. Along with that, with the Government's reform and innovation solutions, the investment and production and business environment will continue to improve, actively supporting the development momentum of enterprises in the coming year. In addition, some internal factors that are expected by investors' psychology such as more positive foreign cash flow, prospects for upgrading... can also be mentioned.
Will actively remove bottlenecks to upgrade the market
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| Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong speaks at the gong-beating ceremony to open the first stock trading day of spring on February 5 (the 6th day of the Lunar New Year) |
Upgrading the stock market from a frontier market to an emerging market not only brings many opportunities for the Vietnamese stock market and market participants in particular; but also contributes to improving the image, investment environment, and promoting economic development in general. International financial organizations, experts, and market members all believe that when upgraded, the Vietnamese stock market will attract a large amount of capital, promoting growth in market size and liquidity. Therefore, this is a great determination and a task that the State Securities Commission has always actively implemented under the close direction of the leaders of the Ministry of Finance.
According to the Chairman of the State Securities Commission, the Ministry of Finance and the State 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 come up with solutions to meet the upgrading criteria.
Ministries and sectors are also actively implementing many solutions to create more favorable conditions for foreign investors' investment activities in the Vietnamese market. Typically, 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 announcing the maximum state ownership ratio for conditional business lines, 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 the records of international and domestic organizations, Vietnam has many opportunities for FTSE Russell to upgrade according to the roadmap,” said Ms. Phuong. The head of the State Securities Commission said that the management agency is still making the greatest efforts 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 upgrading criteria according to MSCI standards.
In 2025, the Chairman of the State Securities Commission said that the securities industry will continue to synchronously implement many solutions. In particular, it will continue to perfect the legal framework and policies for stock market development, especially perfecting documents guiding the implementation of the Securities Law (amended), protecting the legitimate rights and interests of investors, creating motivation to promote the sustainable development of the Vietnamese stock market; continue to implement solutions, meet the criteria, and aim for upgrading.
At the same time, continue to focus on synchronously implementing solutions to arrange, classify, and expand the market; restructure the commodity base; restructure securities trading organizations in the market; restructure the investor base and restructure the market organization to further expand opportunities for businesses to mobilize capital. Regarding the investor base, the strategy will focus on developing institutional investors through expanding the scale and developing diverse types of investment funds in the stock market. In addition, to better attract the interest and investment participation of foreign organizations, the securities industry will continue to synchronize solutions, striving to soon upgrade the stock market from frontier to emerging.
The management agency will strengthen its capacity to manage, supervise, inspect, examine and handle 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, protect the legitimate rights and interests of investors. At the same time, actively integrate into the world financial and securities markets, meet the requirements of financial security, improve competitiveness, risk management, apply international standards and practices; continue to improve the quality of corporate governance and risk management of listed companies and public companies according to international practices.
The Chairman of the State Securities Commission also emphasized that he will promote information and propaganda activities, training, improving understanding and knowledge of finance and securities for investors, forming classes of securities investors with basic knowledge, professional trading skills, and increasing the number of institutional investors participating in the market.
Deputy Minister Nguyen Duc Chi pointed out the tasks that need to be focused on in 2025.
Speaking at the gong-beating ceremony to open the spring stock exchange on February 5 (the 6th day of the Lunar New Year), Deputy Minister of Finance Nguyen Duc Chi gave a directive speech and proposed 5 solutions and tasks in 2025.
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Firstly, proactively complete the legal framework, promptly issue documents guiding the implementation of the amended Securities Law; deploy solutions to implement the Stock Market Development Strategy to 2030, reform administrative procedures to create maximum conditions according to legal regulations for organizations listed and registered for trading, capital mobilization, operations of intermediary financial institutions and investors.
Second, ensure the stock market operates stably, safely, continuously, smoothly, and soon put new information technology systems into operation to deploy new products and services, and increase market quality.
Third, meeting the conditions and criteria for the Vietnamese stock market to be upgraded to an emerging market in 2025, creating a new step forward for the stock market, bringing benefits to market participants, and increasing foreign capital flows into the Vietnamese stock market.
Fourth, promote compliance with the law, continue to strengthen supervision and maintain market order, discipline and discipline; strictly handle violations and manipulation, ensure the stock market operates more transparently and healthily, and protect the legitimate interests of organizations and individuals in the market.
Fifth, increase search and promote quality and potential businesses to list in accordance with regulations, expand the market, and create high-quality goods on the stock market.
Source: https://baodautu.vn/chu-tich-ubcknn-chung-khoan-viet-nam-co-nhieu-co-hoi-nang-hang-dung-lo-trinh-d244487.html
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