On September 5th, the Ministry of Finance announced that, regarding the upgrade of Vietnam's stock market, FTSE Russell, a rating agency, highly appreciated Vietnam's reforms, especially the circulars that removed the pre-margin requirement, bringing the market closer to international standards. In addition, the organization also praised Vietnam's implementation of the KRX information technology system (an information technology system for managing and operating transactions on the Vietnamese stock market), the issuance of new circulars on registration, custody, clearing and settlement, and the readiness of the legal framework for new trading mechanisms. The results of FTSE Russell's annual market classification are expected to be announced on October 7th, 2025. The Ministry of Finance stated that it is actively implementing further solutions to help foreign investment organizations have a positive experience and assessment when participating in the Vietnamese stock market, contributing to the market's upgrade.
Specifically, the Ministry is focusing on perfecting the legal and policy framework to meet the upgrade criteria; and adding regulations requiring public companies to complete the notification of foreign ownership ratios to ensure transparency of information on foreign ownership ratios in public companies.
The Ministry of Finance is also coordinating with other ministries and agencies to amend and supplement the Investment Law and its guiding documents in order to increase the foreign ownership ratio in sectors unrelated to national security and defense, thereby raising the maximum foreign ownership ratio in public companies.
In addition, we will closely coordinate with the State Bank of Vietnam in amending and supplementing Circular No. 17/2024/TT-NHNN regulating the opening and use of payment accounts at payment service providers to further facilitate foreign investors' participation in the securities market.
Among these are many new regulations such as allowing foreign investors to authorize financial institutions to open, close, and use payment accounts; not requiring consular legalization for documents used to open payment accounts for foreign investors; not requiring biometrics for foreign investors when opening accounts electronically and when making withdrawals; and minimizing requirements for documents and signatures...
PV (compiled)Source: https://baohaiphong.vn/go-vuong-ky-quy-giup-thi-truong-chung-khoan-tiem-can-chuan-quoc-te-520149.html
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