Towards sustainability and integration

(TN&MT) - Representatives from capital market regulatory agencies of 10 ASEAN member countries have joined forces to promote the common goal of establishing deep and integrated capital markets.

The 10 ASEAN member countries have joined forces to promote the common goal of establishing deep and integrated capital markets.

According to information from the State Securities Commission, on October 21, the ASEAN Capital Markets Forum (ACMF) successfully held its 41st Chairmen's Meeting in Vientiane, Laos. The Forum was chaired by the Office of the Lao Securities Commission (LSCO). This is an annual ACMF Chairmen's Meeting attended by representatives of the capital market regulatory authorities of the ten ASEAN member countries, aiming to promote the common goal of establishing deep, liquid, and integrated ASEAN regional capital markets.

At the Conference, senior leaders of the Securities Commissions of the 10 ASEAN countries acknowledged the progress made regarding the ASEAN voluntary carbon market study and the ongoing development of the ASEAN classification of sustainable finance, as well as progress related to the ASEAN Collective Investment Scheme (CIS) initiative on harmonizing disclosure standards and amendments to the Memorandum of Understanding and Standards to meet CIS requirements.

Chairperson of the State Securities Commission Vu Thi Chan Phuong speaks at the forum.

Chairwoman of the State Securities Commission, Vu Thi Chan Phuong, stated that Vietnam's capital market has made remarkable progress over the past 20 years in the direction of openness, transparency, and fairness, building trust with domestic and foreign investors.

The Chairman of the State Securities Commission assessed that technology is changing rapidly, and to keep up and seize opportunities, Vietnam will continue to modernize its market, focusing on areas such as digital finance, bonds, and derivatives. Sustainable development will also continue to be a top priority when expanding the green finance market. “By cooperating through ACMF, we can build stronger and more connected markets in the ASEAN region and become leaders in sustainable finance,” the Chairman expected.

Also at this Conference, ACMF adopted the final assessment results of the ACMF Action Plan 2021-2025, with objectives achieved without any initiatives being delayed or jeopardized, and 85% of the overall initiatives completed or on track.

With the aim of further enhancing ACMF's goals on sustainability, financial inclusion, and resilience in the region, the conference adopted five strategic drivers related to the continued development of the ACMF Action Plan 2026–2030. Specifically: Building a more sustainable and resilient ACMF; building a sustainable and resilient ASEAN community; promoting financial inclusion and empowerment; strengthening regional integration and global positioning; and promoting digitalization.

The conference concluded with the handover of the ACMF chairmanship from the Lao Securities Commission Office (LSCO), ACMF Chairman for 2024, to the Malaysian Securities Commission (SCM) for 2025, with the Philippine Securities and Exchange Commission (PSEC) as Vice Chairman.

Source: https://baotainguyenmoitruong.vn/dien-dan-thi-truong-von-asean-huong-toi-ben-vung-va-hoi-nhap-381939.html