Deputy Prime Minister issues directive on upgrading stock market

The Government Office has just issued Document 5981 conveying the direction of Deputy Prime Minister Ho Duc Phoc regarding upgrading the Vietnamese stock market.

According to the document, the Ministry of Finance needs to urgently implement improvement solutions to meet the criteria for upgrading the stock market as recommended by rating organizations, while focusing on thoroughly resolving existing difficulties and problems. The implementation results must be summarized and reported in July.

The Ministry will work specifically with the FTSE Russell rating organization and investment organizations to agree on the time, composition and content of the working session with Government leaders.

The Ministry of Finance is also assigned to urgently complete the draft Decree amending and supplementing a number of articles of Decree No. 155/2020. The synthesis, reception and explanation of opinions of Government members must be completed and the report submitted before July 3, 2025.

The State Bank of Vietnam is assigned to preside over and coordinate with relevant ministries, branches and agencies to urgently review the recommendations in the document proposed by the Ministry of Finance.

Deputy Prime Minister issues directive on upgrading stock market - 1

Deputy Prime Minister Ho Duc Phoc (Photo: VGP).

On that basis, relevant units need to comprehensively review the system of legal documents in the management field, promptly handle arising difficulties and problems, and carry out necessary tasks to meet the requirements of upgrading the stock market in accordance with current regulations.

The implementation needs to closely follow the Government's direction, aiming to improve market access conditions for foreign investors, thereby attracting more indirect investment capital and gradually bringing the Vietnamese stock market out of the frontier group, towards emerging markets.

Relevant agencies are required to proactively propose to competent authorities to handle matters beyond their authority, and complete all work before July 15.

The Deputy Prime Minister also requested the Ministry of Finance to proactively coordinate and work directly with the Governor of the State Bank and relevant agencies to unify the handling of issues related to the criteria for upgrading the stock market, ensuring that Vietnam is considered and upgraded on schedule.

Source: https://dantri.com.vn/kinh-doanh/pho-thu-tuong-ra-chi-dao-ve-nang-hang-thi-truong-chung-khoan-20250630081811641.htm