Nasdaq leaders congratulate Vietnam's stock market on being upgraded

Nasdaq leaders said they will accompany the State Securities Commission and Vietnamese enterprises in listing activities, capital mobilization and many other fields.

Chairwoman of the State Securities Commission Vu Thi Chan Phuong recently received and worked with Mr. Bob McCooey - Vice President and Director of the International Listing Department of the US stock exchange Nasdaq.

Mr. Bob McCooey congratulated the Vietnamese stock market on its official upgrade and affirmed that Nasdaq is ready to cooperate and support the Securities Commission in areas of interest to Vietnam. At the same time, he hopes that Vietnamese businesses will be successful in expanding their operations to international markets.

Mr. Bob McCooey appreciated Vietnam's strong entrepreneurial spirit and said that domestic listing combined with capital mobilization and overseas listing will contribute to promoting Vietnam's image in the international market.

Chairwoman of the State Securities Commission Vu Thi Chan Phuong (center) said she always encourages capable Vietnamese enterprises to list on the Nasdaq stock exchange. (Photo: SSC).

Mr. Bob McCooey emphasized that Vietnam is a dynamically growing economy with great potential to attract US and global investors. Nasdaq wishes to become a bridge, accompanying the Securities Commission and Vietnamese enterprises, not only in listing and capital mobilization activities but also in the field of technology and transaction supervision, based on the experience of cooperation with more than 130 exchanges worldwide.

Ms. Vu Thi Chan Phuong also said that Vietnam has been actively perfecting the legal framework and carrying out many reforms in mechanisms to develop the stock market. Recently, the Securities Commission issued regulations on coordination in reviewing registration dossiers for initial public offerings (IPOs) at the same time as registration dossiers for listing. This is an important step in reforming administrative procedures, contributing to improving the efficiency of capital mobilization and protecting the interests of investors in the stock market.

In addition, the Securities Commission encourages qualified Vietnamese enterprises to participate in listing on international markets, especially on Nasdaq. In addition, the Commission is also interested in issuing depository receipts (DRs) in the US.

The leaders of the Securities Commission hope that Nasdaq will continue to closely coordinate, creating favorable conditions for Vietnamese enterprises to access and take advantage of opportunities to issue depository certificates in the international market.

Chau Anh

Source: https://vtcnews.vn/leader-of-nasdaq-congratulations-on-vietnamese-stock-market-being-raised-ar970243.html