On July 17, in Hanoi , Minister of Finance Nguyen Van Thang had a meeting and worked with representatives of FTSE Russell, a subsidiary of London Stock Exchange Group (LSEG) specializing in producing, maintaining, licensing and marketing stock market indices.
The meeting is an important opportunity for the two sides to directly discuss reform progress, orientations for upgrading Vietnam's stock market and strengthening bilateral cooperation in the capital market sector.
Speaking at the meeting, Minister Nguyen Van Thang emphasized that the presence of the delegation is a testament to FTSE Russell's deep interest and long-term commitment to accompany the development of the Vietnamese stock market.
The Minister highly appreciated the role of FTSE Russell in closely coordinating with regulatory agencies and market members to promptly identify shortcomings in the operating mechanism, promote reforms, improve supervision efficiency and build a modern, transparent financial market that approaches international standards. FTSE Russell's recommendations, assessments and technical support have been making important contributions to the capital market reform process in Vietnam.
At the meeting, Minister Nguyen Van Thang affirmed: Vietnam is aiming for stable, sustainable and high-quality economic growth in the period 2025-2030. In the first 6 months of 2025, GDP growth reached 7.52% over the same period last year - a positive result in the context of the world economy continuing to face many complex instabilities and risks.
The Government continues to be steadfast in its goal of GDP growth of 8% or more in 2025; rapid growth coupled with sustainability is the consistent orientation, aiming for double-digit growth in the next period.
To achieve these strategic goals, the Government has directed the Ministry of Finance to focus on promoting public investment disbursement for key infrastructure projects, creating a connection platform, improving productivity and promoting regional and sectoral development.
In addition, implementing solutions to promote the development of the stock market to attract more indirect investment capital from within and outside the country to serve investment in key areas.
The Minister stated that a developed stock market is essentially the foundation for attracting long-term capital flows. “Upgrading the Vietnamese stock market from frontier to emerging is not a destination, but a natural result when we steadfastly pursue core development goals towards a fair, transparent and efficient stock market.”
“In recent times, the Ministry of Finance has directed the State Securities Commission to organize regular dialogues with stock market rating organizations and investors to update on the results of stock market reforms as well as listen to investors' recommendations when participating in the Vietnamese stock market,” said Minister Nguyen Van Thang.
On the side of FTSE Russell, the delegation representative expressed his impression of the comprehensive reform efforts that Vietnam has been implementing to improve the quality of capital market operations.
Mr. Gerald Toledano emphasized the strong development trend of voluntary pension insurance funds, in which many Asian countries are repositioning their long-term investment strategies. Along with that, FTSE Russell is committed to supporting the State Bank of Vietnam in establishing indices to help investors better assess and manage financial risks.
The organization's representative also emphasized that, as a member of the London Stock Exchange Group, FTSE Russell is a leader in global index pricing, operations and management infrastructure, and is ready to support Vietnam in updating its capital market infrastructure to strongly attract international investment flows.
This is a solid foundation for FTSE Russell to continue to accompany Vietnam for a long time until 2045 - the period when Vietnam aims to become a modern industrial country with a developed, transparent financial market and deep integration with the world.
Responding to the above proposals, Minister Nguyen Van Thang said that the Ministry of Finance has been implementing a number of key tasks.
Specifically, first, regarding the issue of creating goods for the stock market, implementing the Government's direction, the Ministry of Finance is finalizing the draft Decree amending Decree No. 155/2020/ND-CP, towards publicizing and making transparent the foreign ownership ratio and eliminating inappropriate regulations, including the regulation on the General Meeting of Shareholders deciding on the maximum foreign ownership limit.
In addition, perfecting the legal framework for securities offering and issuance activities, thereby contributing to improving the quality of goods on the market, expanding the scale of capitalization and enhancing the attractiveness of the market to domestic and foreign investors.
Second, regarding administrative procedures related to foreign investors' investment activities, the Ministry of Finance has closely coordinated with the State Bank to simplify procedures, shorten processing time and remove practical obstacles that are hindering foreign investors' investment activities.
Currently, the Draft Circular amending Circular 17/2024/TT-NHNN of the State Bank is being widely consulted, with many significant improvements, such as: simplifying legal documents, reducing consular legalization requirements, allowing more flexibility in customer identification...
The Ministry of Finance is also promoting administrative procedure reform in the securities sector, especially through the application of digital technology in the processes of document processing, licensing and monitoring market activities.
Third, regarding the foreign exchange market, the Ministry of Finance continues to coordinate with the State Bank in researching and developing a legal framework that allows foreign investors to access exchange rate risk hedging products, in order to protect investment value in the context of volatile global markets. This is a practical and completely legitimate need, especially for institutional investors with long-term strategies in the Vietnamese market.
Fourthly, regarding the central counterparty (CCP) mechanism, Vietnam has completed the technical infrastructure with the official operation of the KRX system from May 2025. On this basis, the Ministry of Finance has assigned the State Securities Commission to direct the Vietnam Securities Depository and Clearing Corporation to develop a roadmap for implementing the CCP, and soon put the CCP mechanism into operation from the beginning of 2027.
Regarding cooperation proposals, the Ministry of Finance welcomes FTSE Russell's initiative to expand its indexes to suit the Vietnamese market. The Ministry of Finance is willing to facilitate the promotion of extensive cooperation between the State Securities Commission, domestic financial market institutions, FTSE Russell and global financial institutions.
The Ministry also particularly encourages the development of high-quality index sets that meet the diverse needs of investors, while promoting training cooperation programs, knowledge and technology transfer to improve the capacity of financial-securities experts, contributing to building a modern, transparent and deeply integrated Vietnamese capital market with the world.
Minister Nguyen Van Thang affirmed: “In the spirit of open dialogue and effective cooperation, the Ministry of Finance is committed to continuing to work with international organizations, including FTSE Russell, to improve institutions, remove obstacles and promote comprehensive development of the stock market. We believe that, with the determination to reform and support from the international community, the Vietnamese stock market will soon meet the criteria for upgrading, becoming an attractive investment destination in the region.”
Source: https://nhandan.vn/nang-hang-thi-truong-chung-khoan-la-he-qua-tat-yeu-cua-cai-cach-ben-bi-post894375.html
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