Minister Nguyen Van Thang: Upgrading the stock market is a turning point in international financial integration

In the early morning of October 8, FTSE Russell announced the upgrading of Vietnam's stock market to a secondary emerging market. Minister Nguyen Van Thang affirmed to VNA reporters that this is an important turning point, recognizing the financial sector's comprehensive reform efforts and opening up opportunities for deep international integration.

Minister of Finance Nguyen Van Thang. Photo: Doan Tan/VNA

Dear Minister, after many years of waiting, FTSE Russell has officially upgraded Vietnam's stock market from frontier to emerging market. As the head of the Finance sector, what do you have to say about this result?

Over the past two years, under the attention and strong leadership of the Government and the Prime Minister , along with the close direction of the Ministry of Finance, the State Securities Commission has implemented a comprehensive reform program to bring the Vietnamese stock market closer to the highest international standards and practices.

We are very pleased that FTSE Russell has officially recognized and upgraded the Vietnamese stock market from a frontier market to a secondary emerging market. This positive result is the crystallization of the correct policy and strong determination of the Government leaders, the close coordination of the State Bank and relevant ministries and branches, the companionship of market members, as well as the valuable support from the World Bank, FTSE experts and global investment institutions. On this occasion, on behalf of the leaders of the Ministry of Finance, I would like to commend the tireless efforts of the State Securities Commission, the Stock Exchanges and the Vietnam Securities Depository and Clearing Corporation over the past 2 years.

It can be said that the upgrading of Vietnam's stock market is one of the important milestones in the development journey of over 25 years. FTSE officially recognized and upgraded Vietnam's stock market not only creates a great opportunity for Vietnam to attract foreign capital resources, but also clearly demonstrates the right development path and the increasingly deep integration capacity of Vietnam into the international financial system.

Dear Minister, after being upgraded, what solutions will the Ministry of Finance have to maintain the ranking and especially develop the stock market to a new stage?

We have determined that upgrading is not a destination but a journey to develop the Vietnamese stock market to grow with quality, transparency and sustainability.

Therefore, the Ministry of Finance will direct the State Securities Commission and relevant units to continue to closely follow and resolutely implement the proposed solutions, creating maximum convenience for domestic and foreign investors to access the market; perfecting the legal framework, while promoting modernization and digitalization of infrastructure, aiming to build an increasingly transparent, efficient, modern stock market, according to leading international standards.

During that process, the Ministry of Finance hopes to continue to receive the attention, leadership and direction of the Government, the effective coordination of relevant ministries, branches, international organizations and market members... so that the Vietnamese stock market can not only maintain its ranking but also move towards higher standards, especially making the stock market an important medium and long-term capital mobilization channel, mainly for economic development in the new development era of the country.

Thank you very much, Minister!

Source: https://baotintuc.vn/thi-truong-tien-te/bo-truong-nguyen-van-thang-nang-hang-thi-truong-chung-khoan-la-buoc-ngoat-hoi-nhap-tai-chinh-quoc-te-20251008143925096.htm