State agencies are making efforts to resolve market bottlenecks, helping to improve capital mobilization for businesses and removing obstacles for investors.
Minister Nguyen Van Thang: Greatest efforts to upgrade the stock market
State agencies are making efforts to resolve market bottlenecks, helping to improve capital mobilization for businesses and removing obstacles for investors.
On the morning of February 21, 2025, in Quang Nam, the State Securities Commission (SSC) held a conference on the topic and orientation of stock market development in the integration trend.
The conference was held during a series of events under the Asia-Pacific Regional Subcommittee Meeting (APRC) of the International Organization of Securities Commissions (IOSCO) in 2025 in Quang Nam, Vietnam, hosted by the State Securities Commission (from February 19-21, 2025).
Member of the Party Central Committee, Minister of Finance Nguyen Van Thang chaired the Conference.
The conference was held with the aim of assessing the situation of Vietnam's stock market and proposing strategic directions and key market development focuses in 2025, while creating a space to share experiences and lessons in stock market management and operation and discuss current global topics, such as challenges in digital asset management and sustainable finance and ESG practices.
Speaking at the opening of the Conference, Minister of Finance Nguyen Van Thang said that despite being affected by the general global situation, the Vietnamese stock market last year remained stable, safe, smooth, with good liquidity and enhanced transparency and sustainability.
Along with that, under the leadership of the Party and the strong direction of the Government, the State management of the stock market has received special attention from the Ministry of Finance and the State Securities Commission. Not only has the management, operation and supervision been well done, but the legal system has also continued to be improved over the past year, with the promulgation of the amended Securities Law as a typical example. The guiding documents are currently being accelerated to continue to "create the greatest convenience for people and businesses" and the regulations are approaching international practices.
In addition, state management agencies have been very proactive and made efforts to resolve market bottlenecks to help improve the ability to mobilize capital for businesses, while removing obstacles to facilitate market access for investors, especially foreign investors, and making the greatest effort to perfect the criteria so that the Vietnamese stock market can soon be upgraded from a frontier market to an emerging market.
Minister Nguyen Van Thang also said that 2025 is the final year of implementing Vietnam's 5-year socio-economic development plan 2021 - 2025, a year of acceleration, breakthrough, and completion, creating the premise for the development plan for the next 5 years of the 10-year socio-economic development strategy (2021 - 2030), marking the time when the country enters a new era of strong and prosperous development of the nation. Therefore, the Vietnamese Government has set a target of GDP growth in 2025 of at least 8% or more, creating a foundation for double-digit growth in the 2026 - 2030 period.
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| Minister of Finance Nguyen Van Thang opened the conference. |
Accordingly, to achieve the common goals of the economy, the tasks of the Securities Industry, the State Securities Commission and the Vietnamese Stock Market are very important. The Vietnamese Government has set a very important goal of developing a stable, safe, healthy, efficient, sustainable and integrated stock market; enhancing risk tolerance, having a reasonable structure between market components, becoming an important medium and long-term capital mobilization channel, mainly for the economy; maintaining growth in scale, focusing on improving quality; developing green financial instruments, sustainable finance; promoting digital transformation in the securities sector; building a market management and supervision system associated with the application of modern information technology; strengthening international linkages and integration, gradually narrowing the development gap between the Vietnamese stock market and the stock markets of developed countries.
2025 is a year of moderate rapid development, establishing the foundation for the 2026-2030 period, but still ensuring sustainable growth. To overcome the huge challenges, the Minister said that in the coming time, it requires not only determination and effectiveness in the direction, leadership, and management of the Government, the Ministry of Finance, and the State Securities Commission, but also cooperation and support from regional and international partners, international organizations, and the consensus of market members to mobilize capital for economic development.
“In the coming time, in addition to the solutions proposed by the State Securities Commission, today's Conference will be attended by all partner management agencies who are members of the IOSCO Asia-Pacific Regional Subcommittee, international organizations, associations, and members of the Vietnam Stock Exchange. This is a very favorable opportunity for us to share experiences and valuable lessons in the management and operation of the securities sector and the stock market,” Minister Nguyen Van Thang emphasized.
Speaking at the Conference, Ms. Julia Leung - President of APRC, CEO of SFC said that the Asia-Pacific economy is expected to grow by about 4% by 2025, becoming the fastest growing region in the world.
“Vietnam is a significant contributor to this growth, with its economy forecast to grow by 8% or more this year, among the fastest growing economies in Asia. Vietnam is increasingly asserting its position in global financial markets through increased connectivity with international capital flows thanks to economic integration and global supply chains,” Ms. Julia emphasized.
According to Ms. Julia, the regional capital market is facing many complex challenges of the global economic and political situation with high interest rates lasting after a decade of near-zero interest rates in the US and Europe, trade conflicts, tariffs and geopolitical tensions that are temporarily disrupting supply chains, and the impact of technology.
Therefore, Ms. Julia believes that Asian markets must cooperate more closely and meaningfully to address the region's common challenges. In Asia-Pacific, APRC is an effective platform for securities regulators to cooperate and exchange views on common issues. Among them, the Multilateral Memorandum of Understanding on Supervisory Cooperation (SMMoU) marks the world's first multilateral supervisory cooperation between capital market regulators in enhancing regional cooperation in the context of increasingly interconnected capital markets.
Source: https://baodautu.vn/bo-truong-nguyen-van-thang-no-luc-cao-nhat-de-nang-hang-thi-truong-chung-khoan-d248239.html
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