Prime Minister praises upgrading Vietnam's securities market to secondary emerging market

The dispatch stated that on October 8, the market rating organization FTSE Russell announced that the Vietnamese stock market had met all the criteria for ranking as a Secondary Emerging market according to the FTSE Stock Market Classification Framework and decided to upgrade Vietnam from a Frontier market to a Secondary Emerging market.

Thủ tướng có chỉ đạo sau khi thị trường chứng khoán được nâng hạng - Ảnh 1. — Prime Minister Pham Minh Chinh

The Government acknowledges the reform efforts of the entire securities industry in implementing solutions to develop a transparent, modern, and effective stock market in accordance with international standards according to the policies of the Party and State, and the management of the Government and the Prime Minister .

The Prime Minister emphasized that the upgrade is one of the important milestones in the development journey of the Vietnamese stock market over the past 25 years, creating great opportunities for Vietnam to attract foreign capital resources and increasingly integrate deeply into the international financial system.

With that result, the Government leaders commended the high determination and great efforts of the Ministry of Finance and the State Securities Commission (SSC), the State Bank of Vietnam and relevant ministries and branches; the participation of Stock Exchanges, the Vietnam Securities Depository and Clearing Corporation, market members, news agencies and the press.

In order for the Vietnamese stock market to continue to develop strongly, transparently, effectively, modernly, and sustainably, towards the goal of upgrading according to high standards, becoming an important medium- and long-term capital mobilization channel, the Prime Minister requested the Ministry of Finance to preside over and coordinate with relevant agencies to urgently and effectively implement the Project to upgrade the Vietnamese stock market approved in Decision No. 2014 dated September 12, 2025.

The Head of Government assigned the Ministry of Finance to direct the State Securities Commission to continue to closely coordinate with the international rating organization FTSE Russell to ensure the official transition process follows the roadmap.

In coordination with the State Bank, relevant ministries and branches continue to synchronously deploy solutions to create maximum convenience for domestic and foreign investors to access the market.

In addition, it is necessary to continue to improve the legal framework, reform administrative procedures, modernize and digitize market infrastructure, improve the quality of corporate governance, strengthen supervision, ensure security, safety and market stability, and aim to develop the Vietnamese stock market to be increasingly transparent, effective, and more deeply integrated into the global financial market.

The Prime Minister also requested to inspect and strictly handle negative phenomena in purchasing goods to push up prices, inflating prices, distorting the market and making personal profits.

The State Bank of Vietnam is assigned to quickly complete the legal framework and technical infrastructure to urgently deploy the central clearing counterparty (CCP) mechanism for the underlying securities market in early 2027, ensuring safe and smooth operations in clearing and settlement of securities transactions.

At the same time, research and deploy foreign exchange risk prevention products for foreign investors to prevent foreign exchange rate fluctuations. Direct commercial banks and foreign bank branches to synchronously deploy new regulations to shorten the time to open indirect investment accounts and payment accounts for foreign investors.

The Prime Minister assigned Deputy Prime Minister Ho Duc Phoc to directly direct the implementation of this Official Dispatch.

Source: https://nld.com.vn/thu-tuong-co-chi-dao-sau-khi-thi-truong-chung-khoan-duoc-nang-hang-196251009062649701.htm