The fund industry in the process of developing the stock market and attracting indirect investment capital into Vietnam

The conference was held with the aim of orienting policies and developing the fund industry towards innovation and integration, effectively performing the role of connecting capital sources and attracting foreign indirect investment flows.

Chairman of the Organizing Committee — Minister of Finance Nguyen Van Thang delivered the opening speech at the Conference.

Speaking at the opening of the Conference, Minister of Finance Nguyen Van Thang said that the management of securities investment funds in Vietnam has achieved certain results, gradually contributing to the sustainable development of the stock market. Up to now, the market has 43 fund management companies, managing assets with a value of more than 800 trillion VND, more than 7 times higher than in 2014, with an average growth rate of about 20%/year.

The Minister added that on October 8, the FTSE Russell rating agency officially announced the upgrade of Vietnam's stock market from a frontier market to a secondary emerging market. This upgrade has contributed to raising Vietnam's position on the world map, affirming the correct development path and Vietnam's increasingly deep integration capacity into the international financial system.

The upgraded market will open up opportunities to attract foreign indirect investment capital, supplementing resources for economic development. This is also an opportunity to change the quality of the stock market, including changes in the structure of the investor base, increasing the proportion of institutional investors, promoting the development of the investment fund industry to become more professional, growing and sustainable.

“In the context of the global economic recovery and the stable and growing domestic economy, the investment fund industry is facing many opportunities for development, innovation and integration. Promoting professionalism, transparency and efficiency in investment activities is not only an inevitable trend but also a key factor for the fund industry to increasingly affirm its role in connecting capital sources and developing a sustainable stock market, attracting more indirect investment capital flows into Vietnam, serving the country's economic development in the new era,” the Minister of Finance emphasized.

Speaking at the Conference, Vice Chairman of the State Securities Commission Bui Hoang Hai introduced some main contents of the Project on Restructuring Investors and Developing the Securities Investment Fund Industry (Project); policy orientations in the coming time. The Ministry of Finance has issued the Project to implement the resolutions of the Party and the National Assembly on developing the stock market and the Strategy for Developing the Stock Market to 2030 approved by the Prime Minister.

At the Conference, delegates from VinaCapital Fund Management Company, Kim Vietnam Fund Management Company, Phu Hung Fund Management JSC, Eastspring Fund Management Company, HSBC Bank, SSI Fund Management Company Limited gave many presentations on opportunities and challenges of the Fund industry in Vietnam in the period after the market was upgraded, proposed solutions for sustainable development of the Fund industry, shared about the Korean ETF market and made recommendations for the Vietnamese market.

The discussion session, chaired by Vice Chairman of the State Securities Commission Bui Hoang Hai and attended by delegates from fund management companies and HSBC Bank, discussed in more depth the development of the securities investment fund industry, attracting indirect investment capital, tax policies for fund operations, etc.

Concluding the Conference, Minister of Finance Nguyen Van Thang assessed the opinions of speakers and delegates, affirming the necessity of developing the securities investment fund industry, restructuring the investor base, and encouraging investors to participate in the securities market through various types of funds to attract domestic and foreign capital in addition to attracting indirect investment capital, which has been effective in recent times.

In the coming time, the Minister proposed that the State Securities Commission focus on implementing the following groups of solutions:

Firstly , synchronously implement solutions to develop the capital market in both breadth and depth; resolutely implement the contents of Official Dispatch No. 192/CD-TTg dated October 8, 2025 of the Prime Minister on upgrading the Vietnamese stock market.

Second , continue to perfect legal regulations guiding the operations of securities investment funds and voluntary pension funds, creating maximum conditions during their operations to create a transparent investment and business environment, and promote the role of private investment.

Third , continue to coordinate with relevant ministries and branches to research and deploy diversified risk prevention products for foreign investors.

Fourth , strengthen the capacity to manage, supervise, inspect, examine and handle violations in securities and the securities market; tighten market discipline, strictly handle violations so that the securities market can develop transparently and sustainably.

Fifth, continue to train, propagate and disseminate knowledge to non-professional individual investors about securities investment funds.

The Minister also emphasized that the development of the fund industry in particular and the stock market in general requires the participation of fund management companies and market members. Therefore, the Minister recommends that fund management companies and market members proactively and actively participate in the development of policies and contribute to legal documents to develop a transparent and modern fund industry and stock market according to international standards; continue to improve their capacity to promote their role as professional asset managers, ensuring the sustainable development of the fund industry; build and develop common standards of professional ethics in the industry, creating investor confidence when investing through funds.

“I believe that with the efforts of all parties, we will achieve the growth target for this year and the coming period; the Vietnamese capital market and the securities investment fund system will increasingly develop and operate effectively; foreign indirect investment capital flows will continue to grow,” the Minister affirmed.

Source: https://daibieunhandan.vn/nganh-quy-trong-tien-trinh-phat-trien-thi-truong-chung-khoan-va-thu-hut-dong-von-dau-tu-tien-vao-viet-nam-10390777.html