JICA supports effective promotion of Vietnam's stock market

At the workshop, after the presentation of the State Securities Commission, JICA's long-term expert from the Japan Financial Services Agency (IFSA) and JICA's consulting team leader from Daiwa Research Institute gave their assessment of the Project and introduced the Project implementation plan.

Mr. Satoru Kawasaki, Deputy Commissioner in charge of international affairs of JFSA, gave a speech on experiences and lessons from the development of the Japanese stock market, bringing many valuable lessons to relevant units in Vietnam.

This technical cooperation project aims to enhance the capacity of the State Securities Commission and the three Stock Exchanges in Hanoi and Ho Chi Minh City, through a variety of activities such as close consultation and capacity building on a variety of related issues.

The project focuses on monitoring and inspecting the securities market, supervising market intermediary institutions, managing listing and public offering of securities according to international standards and raising awareness of listed companies' responsibility to protect investors.

Mr. Sugano Yuichi, Chief Representative of Japan International Cooperation Agency (JICA) in Vietnam, spoke at the workshop. (Photo: JICA)

This is a continuation project of the project "Capacity enhancement for improving fairness and transparency of Vietnam's stock market" implemented by JICA from 2019 to 2023.

Entering a new phase, in the context of implementing the "Strategy for developing Vietnam's stock market to 2030", the Government of Japan continues to support the efforts of the Government of Vietnam to further enhance the capacity of relevant agencies and upgrade the stock market, promoting sustainable development in both economic and social aspects of the economy.

This new project also promotes the Vietnamese stock market to deeply integrate into the ASEAN and international markets.

Over the past two decades, JICA has supported the Government of Vietnam in developing a market-oriented economy and promoting deeper international economic integration through various technical and financial cooperation projects.

Japan will continue to support the State Securities Commission, stock exchanges and relevant parties through technical cooperation to further promote the fairness, transparency and efficiency of Vietnam's stock market in the new stage of development cooperation.

Source: https://nhandan.vn/jica-ho-tro-thuc-day-hieu-qua-thi-truong-co-phieu-viet-nam-post832717.html