What did the Deputy Minister of Finance say about the possibility of upgrading Vietnam's stock market?

The management agency, directly the State Securities Commission, is coordinating very closely with international organizations in monitoring and upgrading the Vietnamese stock market.

Deputy Minister of Finance Nguyen Duc Chi - Photo: B.NGOC

Deputy Minister of Finance Nguyen Duc Chi informed at the regular press conference for the third quarter of 2025 that just took place.

Deputy Minister Chi said: "The working process is very good and effective, and our stock market has been like that. The final decision still belongs to the person with the authority to make the decision."

Regarding the process of upgrading the Vietnamese stock market, Deputy Minister Nguyen Duc Chi emphasized that we have implemented all solutions to develop a sustainable stock market, meeting the requirements and in line with the capital market development strategy set out by the Government .

In the past time, there have been many exchanges and discussions, many policies have been introduced such as: Law amending and supplementing a number of articles of the Securities Law, Accounting Law, Independent Audit Law, State Budget Law, Law on Management and Use of Public Assets, Tax Management Law, Personal Income Tax Law, National Reserve Law, Law on Handling of Administrative Violations, related decrees and circulars have also been issued.

According to the leader of the Ministry of Finance, the Ministry and the State Securities Commission are continuing to closely coordinate with relevant international agencies and organizations so that they can objectively, fairly and transparently evaluate the Vietnamese stock market before making a final decision.

The stock market upgrade, according to Deputy Minister Nguyen Duc Chi, is not the first upgrade, and the upgrade process will continue at a higher level in the next phase. The upgrade affirms a market milestone, showing that the Vietnamese stock market is a developed and transparent market.

The upgraded market will support the development of the capital market, facilitate businesses in raising capital and promote economic development.

Previously, in September 2025, the Government approved the Project to upgrade Vietnam's stock market.

The project's objective is to develop the stock market into an important medium- and long-term capital mobilization channel, integrating regionally and internationally.

In the short term, Vietnam aims to be upgraded from a frontier market to a secondary emerging market by FTSE Russell as early as 2025.

In the long term, by 2030 Vietnam strives to achieve MSCI's emerging market criteria and FTSE Russell's advanced emerging market criteria.

To meet FTSE Russell's upgrading criteria in 2025, the project focuses on solving the problem of prepayment for securities purchases, in order to remove the barrier of margin requirements before transactions with foreign investors when there is no central clearing counterparty (CCP) mechanism. Information on foreign ownership is transparent, creating equal access for foreign investors.

BAO NGOC - LE THANH

Source: https://tuoitre.vn/thu-truong-bo-tai-chinh-noi-gi-ve-kha-nang-nang-hang-thi-truong-chung-khoan-viet-nam-20251003181712013.htm