Vietnam - investment destination

Thời báo Ngân hàngThời báo Ngân hàng13/03/2024

On the morning of March 12, 2024, in Tokyo, Japan, Minister of Finance Ho Duc Phoc chaired the Investment Promotion Conference "Vietnam - Investment Destination". This event is a continuation of the success of the Investment Promotion Conference in Korea and is part of the financial investment promotion program of the Working Group of the Ministry of Finance and the State Securities Commission (SSC). The conference attracted more than 200 delegates from leading enterprises in Japan and Vietnam, including financial institutions, banks, life insurance corporations, investment funds, securities companies and corporations and enterprises of the two countries.
Việt Nam - điểm đến đầu tư

Minister of Finance Ho Duc Phoc delivered the opening speech at the Conference.

Speaking at the opening of the Conference, Minister of Finance Ho Duc Phoc expressed his delight at the large and active participation, demonstrating the enthusiasm and responsibility of the delegates in joining hands to build and develop the relationship between the two countries of Vietnam and Japan to become increasingly stronger and more prosperous; at the same time, the Minister believed that the Conference would continue to open up greater opportunities for cooperation and development between the two countries.

The Minister said that after more than 50 years of officially establishing diplomatic relations, this year is the first year that Vietnam and Japan have implemented the "Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the World" relationship, which has just been upgraded since November 2023. Japan has become Vietnam's leading economic partner and Vietnam has also become Japan's important partner in Southeast Asia.

The Minister hopes that after this Conference, businesses from both countries will have more ideas and new cooperation projects to deepen economic cooperation as well as the comprehensive strategic partnership between Vietnam and Japan. At the same time, the Japanese Government, relevant agencies and organizations of Japan will continue to coordinate to further enhance the close relationship between the two peoples, create an open investment environment and support Japanese businesses to invest in Vietnam.

“We look forward to the continued success of Japanese businesses and Japanese investors in Vietnam, because your success is also our success,” Minister Ho Duc Phoc emphasized.

Việt Nam - điểm đến đầu tư

Conference Overview

At the Conference, the Ministry of Finance introduced to Japanese investors the development of the Vietnamese stock market in recent times. In 2023, despite facing many challenges and difficulties from the global and domestic economic context, with the support of a stable macroeconomic foundation and the proactive, flexible and drastic direction and management of the Government, the Prime Minister, the Ministry of Finance, and the close coordination of ministries, branches and related units; The Vietnamese stock market recovered well, the market structure was increasingly improved, achieving many important results in many aspects. The Vietnamese stock market continues to be a bright spot attracting domestic and foreign investors, an effective and important capital channel for the economy.

Upgrading Vietnam's stock market from a frontier market to an emerging market is one of the major goals that the Vietnamese Government is aiming for. This goal has been included in the restructuring plan for the stock market and insurance market until 2020 and orientation to 2025, and the stock market development strategy until 2030. At the assessment in September 2023, FTSE Russel continued to keep Vietnam on the watch list for upgrading from a frontier market to a secondary emerging market and acknowledged the reaffirmation of the commitment of senior leaders of Vietnam's stock market management agencies in upgrading the stock market. The Ministry of Finance and the State Securities Commission have implemented many activities to cooperate deeply and comprehensively with foreign partners, exchange information with relevant parties to attract foreign investment capital and remove obstacles when investing in Vietnam's stock market.

Sharing the key tasks and solutions to be implemented to create a foundation for the development of the stock market in the medium and long term, the Minister of Finance affirmed that he will resolutely implement solutions to develop the market, perfect the legal framework; strongly transform digitally in the securities sector; coordinate with relevant ministries and branches to remove difficulties for businesses; focus on inspection and examination to ensure a safe and transparent stock market; at the same time, strengthen international cooperation, implement solutions to attract foreign indirect investment, aiming to upgrade the Vietnamese stock market from a frontier market to an emerging market.

At the conference, representatives from securities companies and large listed enterprises on the Vietnamese stock market presented papers on investment opportunities on the Vietnamese stock market, the potential for green finance development, capital needs of listed enterprises for sustainable development, energy security as well as the need for sustainable development cooperation with foreign investors.

Việt Nam - điểm đến đầu tư

Mr. Takafumi Oue, Head of Daiwa Securities Representative Office in Vietnam shared at the Conference

On the side of Japanese enterprises, the representative of Daiwa Securities Company in Vietnam, a Japanese enterprise that has been associated with and accompanied the Vietnamese stock market for 16 years, presented a speech. Mr. Takafumi Oue, Head of Daiwa Securities Representative Office in Vietnam, shared his experience in investing in the Vietnamese stock market. He said that since 2008, Daiwa Securities Company has signed an alliance with SSI Securities Company and participated in many successful mergers and acquisitions in the Vietnamese stock market. The representative of Daiwa assessed that the Vietnamese stock market is welcomed by Japanese investors and affirmed that in the coming time, Daiwa will expand its operations in Vietnam, creating opportunities for Japanese enterprises to invest in Vietnam.

Việt Nam - điểm đến đầu tư

Chairman of the State Securities Commission shares information at the Conference

During the policy dialogue session at the Conference, Japanese investors expressed their interest in investment opportunities in the Vietnamese stock market and had many questions about policies for developing the stock market, upgrading the market - attracting new capital flows... Chairwoman of the State Securities Commission Vu Thi Chan Phuong directly discussed solutions to solve problems in upgrading the market as well as policies to strengthen regulations on information disclosure, insider trading, and improve the quality of listed enterprises on the Vietnamese stock market./.

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