Towards sustainability and integration

(TN&MT) - Representatives of capital market regulators of 10 ASEAN member countries have joined together to promote the common goal of establishing deep and integrated capital markets.

The 10 ASEAN member states have come together to promote the common goal of establishing deep and integrated capital markets.

According to information from the State Securities Commission, on October 21, the ASEAN Capital Markets Forum (ACMF) successfully held its 41st Chairman's Meeting in Vientiane, Laos. The Forum was chaired by the Lao Securities Commission Office (LSCO). This is an annual ACMF Chairman's Meeting with the participation of representatives of capital market regulators from ten ASEAN member countries, aiming to promote the common goal of establishing deep, liquid and integrated ASEAN capital markets.

At the meeting, senior leaders of the 10 ASEAN Securities Commissions noted the progress made in the ASEAN Voluntary Carbon Market Study and the continued development of the ASEAN Taxonomy of Sustainable Finance, as well as the progress made in the ASEAN Collective Investment Scheme (CIS) initiative on harmonization of disclosure standards and amendments to the Memorandum of Understanding and Standards to meet the CIS requirements.

Chairwoman of the State Securities Commission Vu Thi Chan Phuong speaks at the forum.

Chairwoman of the State Securities Commission Vu Thi Chan Phuong said that Vietnam's capital market has made remarkable progress over the past 20 years in an open, transparent and fair direction, building trust with domestic and foreign investors.

The Chairman of the State Securities Commission assessed that technology is changing rapidly, to catch up and seize opportunities, Vietnam will continue to modernize the market, focusing on areas such as digital finance, bonds and derivatives. Sustainable development will also continue to be a top priority when expanding the green financial market. “By working together through the ACMF, we can build stronger and more connected markets in the ASEAN region and become leaders in sustainable finance,” the Chairman expected.

Also at this Meeting, the ACMF endorsed the final assessment results of the ACMF Action Plan 2021-2025 with targets achieved without any initiatives being delayed or at risk and 85% of overall initiatives completed or on track.

With the aim of further advancing the ACMF’s goals of financial sustainability, financial inclusion and resilience in the region, the meeting adopted five strategic drivers related to the ongoing development of the ACMF Action Plan 2026–2030. Specifically: Building a more sustainable and resilient ACMF; building a sustainable and resilient ASEAN community; promoting financial inclusion and empowerment; (enhancing regional integration and global positioning; and promoting digitalization.

The conference concluded with the handover of the ACMF Chairmanship from the Lao Securities Commission Office (LSCO), ACMF Chairman 2024, to the Securities Commission of Malaysia (SCM) in 2025, with the Philippine Securities and Exchange Commission (PSEC) as Vice Chairman.

Source: https://baotainguyenmoitruong.vn/dien-dan-thi-truong-von-asean-huong-toi-ben-vung-va-hoi-nhap-381939.html