On September 14, the Government Office announced that Deputy Prime Minister Ho Duc Phoc signed Decision 2014/QD-TTg of the Prime Minister approving the Project to upgrade the Vietnamese stock market.
The general objective of the project is to develop the stock market into an important medium- and long-term capital mobilization channel for economic development, perfect the market economic institution under State management, and strengthen regional and international economic integration.
In particular, the short-term goal is to fully meet the criteria for upgrading from a frontier market to a secondary emerging market of FTSE Russell in 2025; maintain the secondary emerging market rating of FTSE Russell.
The long-term goal is to meet the criteria for upgrading to MSCI emerging market and FTSE Russell advanced emerging market by 2030.
The group of tasks and solutions to meet FTSE Russell's criteria for upgrading to a secondary emerging market include: Transparency of information on the maximum foreign ownership ratio in all sectors, creating equal access to information for foreign investors.
Vietnam's stock market has a short-term goal of fully meeting FTSE Russell's criteria for upgrading from a frontier market to a secondary emerging market by 2025 (Illustration: DT).
The group of tasks and solutions to maintain the short-term rating includes proposing solutions to stabilize the foreign exchange market to respond to fluctuations in foreign investment flows.
In addition, it is necessary to enhance the capacity of the transaction and payment system to meet large transaction volumes.
In addition, it is necessary to strengthen the management and supervision capacity of the securities market management agency (State Securities Commission) in terms of human resources and upgrade the information technology system to serve management and supervision.
Notably, the Decision also stated that it will strengthen coordination within the securities industry and inter-sectoral coordination between the Ministry of Finance, the State Bank of Vietnam and the Ministry of Public Security in monitoring activities in the securities market to better support the management work of each industry, improve the effectiveness of crime prevention and suppression, and ensure system security and safety.
The task force and solutions to meet the criteria for upgrading to a high-level emerging market by FTSE Russell and an emerging market by MSCI include reviewing legal regulations on foreign ownership ratios to increase the maximum foreign ownership ratio and removing from the list of industries that do not require restrictions on foreign ownership ratios.
In addition, it is developing advanced payment and clearing infrastructure to meet the 100% margin-free transaction payment mechanism and the Central Clearing Counterparty (CCP) mechanism.
Next is to research and apply a roadmap to allow securities borrowing and lending, controlled short selling through the mechanism of selling pending securities, and intraday trading.
Source: https://dantri.com.vn/kinh-doanh/bo-cong-an-se-cung-giam-sat-thi-truong-chung-khoan-20250914113834603.htm
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