Ministry of Finance informs about efforts to upgrade stock market, crypto assets

(Chinhphu.vn) - Upgrading the stock market is a continuous process, associated with transparent and sustainable development. The Ministry of Finance, the Securities Commission and international agencies are working closely to achieve this goal. The leaders of the Ministry of Finance emphasized that the development of the stock market must be stable, transparent and sustainable.

The Ministry of Finance 's regular press conference for the third quarter - Photo: VGP/HT

Synchronously deploy solutions to develop capital markets

At the regular press conference of the Ministry of Finance for the third quarter on the afternoon of October 3, Deputy Minister of Finance Nguyen Duc Chi emphasized: Vietnam has been implementing many synchronous solutions to develop the stock market in a sustainable, stable and transparent manner. This is an important requirement in implementing the approved strategy for developing the capital market and the stock market.

The leader of the Ministry of Finance said that in recent times, the stock market has clearly shown its correct operation. The National Assembly has issued amended and supplemented laws; the Government has issued many decrees; the Ministry of Finance has issued circulars; and the State Bank has also coordinated in issuing relevant documents. Thanks to that, the legal framework has been increasingly improved, creating a foundation for sustainable development.

In particular, the management, organization and supervision of the stock market have been closely implemented, in coordination with international organizations. The Ministry of Finance and the State Securities Commission have proactively worked, provided information and evidence so that international agencies have a basis for objective and transparent assessment of the Vietnamese market. Deputy Minister Nguyen Duc Chi emphasized that the final decision is still under the authority of international organizations, but Vietnam will continue to coordinate closely to build trust and promote the process of upgrading the market.

"Upgrading is not a one-time goal, but a continuous process that needs to be maintained in the long term. The ultimate goal is to develop a stable and transparent stock market, while effectively supporting the economy , businesses and medium- and long-term capital markets," Deputy Minister Nguyen Duc Chi affirmed.

Deputy Minister of Finance Nguyen Duc Chi exchanged information at a press conference - Photo: VGP/HT

According to the leader of the State Securities Commission, in recent times, to fully meet the criteria of FTSE Russell and move towards MSCI standards, the Ministry of Finance has issued many documents, coordinated with relevant agencies, deployed new technology systems, and expanded dialogue with international investors and rating organizations.

The Ministry of Finance is assigned to preside over and coordinate with relevant agencies to continue to urgently and effectively implement necessary measures to meet the criteria for upgrading the Vietnamese stock market according to the assessment of international organizations. In recent times, the Ministry of Finance has synchronously deployed many solutions, including perfecting institutions and issuing important legal documents.

In parallel with institutional improvement, the Ministry of Finance has deployed a new information technology system since May 5, 2025, to meet the needs of foreign investment funds, while creating a platform to deploy the central clearing counterparty (CCP) mechanism for the underlying market, as well as develop new products and services according to international standards.

In 2025, the Ministry of Finance and the State Securities Commission (SSC) actively organized dialogues with many investors, large funds and international organizations.

Notably, on September 15, 2025 in London (UK), Minister of Finance Nguyen Van Thang worked with the London Stock Exchange (LSE) and FTSE Russell, discussed the development orientation of Vietnam's financial market and signed a Memorandum of Understanding (MOU) on cooperation in developing a common index between VNX and FTSE Russell.

Next, the State Securities Commission organized an Investment Promotion Conference in the UK, chaired by Minister Nguyen Van Thang, attracting many investment funds and international financial institutions. At the conference, the Ministry introduced outstanding reforms and investment opportunities in Vietnam.

Minister Nguyen Van Thang continues to chair the Vietnam - Italy Investment Connection Forum, with the participation of large banks, investment funds and the Italian investor community, to promote the Vietnamese stock market to Europe...

Mr. Ha Duy Tung - Vice Chairman of the State Securities Commission - Photo: VGP/HT

The Ministry of Finance is building a licensing process for crypto-asset exchanges.

Regarding crypto assets, Mr. Ha Duy Tung - Vice Chairman of the State Securities Commission said that Resolution 05 of the Government stipulates a pilot controlled testing mechanism for activities in the field of crypto assets in Vietnam. This testing mechanism aims to protect the legitimate interests of participating organizations and individuals, while opening up new development directions for the market.

According to Mr. Tung, the Securities Commission is currently drafting a guiding document related to licensing, licensing criteria, as well as the process of adjusting and revoking licenses to provide crypto-asset services. However, up to this point, no business has submitted an official registration application.

Regarding this content, Deputy Minister Nguyen Duc Chi added that the Ministry of Finance has issued a plan to implement Resolution 05, which includes many contents related to tax policy, tax management and accounting. The Ministry has assigned specific units to implement it, and at the same time coordinated with the State Securities Commission and relevant agencies. Deputy Minister Chi said that a number of enterprises have expressed interest and discussed at the technical level, preparing the necessary conditions to be able to officially register in the coming time.

Deputy Minister Nguyen Duc Chi emphasized that the Ministry of Finance will strive to issue detailed regulations as soon as possible, and coordinate with the State Bank and relevant agencies to review documents in accordance with regulations. This is to create conditions for businesses to participate in the crypto-asset market in a transparent and legal manner, while contributing to the development of the capital market.

"The development of the stock market, including the crypto asset market, is a shared responsibility of all parties. The long-term goal is to move towards a transparent, modern and sustainable market, contributing to supporting the economy and businesses in effectively mobilizing capital," Deputy Minister Nguyen Duc Chi concluded.

Huy Thang

Source: https://baochinhphu.vn/bo-tai-chinh-thong-tin-ve-no-luc-nang-hang-thi-truong-chung-khoan-tai-san-ma-hoa-102251003182935698.htm