Fund managing nearly 13,000 billion USD is about to open a Vietnamese securities account

Vanguard - one of the world's largest asset management organizations, currently managing nearly 13,000 billion USD - has plans to deploy investment activities in Vietnam after the market is upgraded.

Working session of the Securities Commission delegation in Australia - Photo: SSC

According to information from the Securities Commission, in Melbourne (Australia), Chairwoman of the State Securities Commission Vu Thi Chan Phuong had a meeting and worked with Mr. Joseph Longo, Chairman of the Australian Securities and Investments Commission (ASIC).

This is an activity within the framework of the working program of the Securities Commission delegation in Australia this November, to attend the ASIC Annual Conference 2025 - "Australia in a dynamic world ".

At the meeting, Mr. Joseph Longo congratulated the Vietnamese stock market on being announced to be upgraded from a frontier market to an emerging market.

According to Mr. Joseph Longo, over the past time, ASIC has always accompanied the Securities Commission in reform activities and capacity building in the stock market.

Since August 2024, when ASIC and the Securities and Exchange Commission signed a memorandum of understanding, the two agencies have implemented many cooperation activities; including organizing a series of conferences, seminars, and training programs on topics such as sustainable finance, corporate governance, inspection, supervision, and prevention of fraudulent activities through social networks.

Speaking at the meeting, Ms. Chan Phuong acknowledged and assessed that the cooperation activities between the two agencies in recent times have practical significance for the development of the Vietnamese stock market.

Regarding future cooperation activities, Ms. Phuong expressed her hope that the two agencies will continue to exchange and share experiences in inspection, supervision, enforcement, capital mobilization activities in the stock market, issuance of corporate bonds, development of the fund industry and deployment of new products; at the same time, organize training activities to enhance corporate governance capacity for enterprises in the stock market.

The Chairman of the Securities Commission also said that the Vietnamese Government has issued Resolution No. 05 on piloting the crypto-asset trading market. Accordingly, he requested ASIC to share its experience in implementing and managing the crypto-asset market in Australia.

Tens of thousands of billions of dollars in assets make new moves after Vietnam's upgrade

Also in Melbourne, the State Securities Commission delegation had a working session with representatives of the Vanguard Global Investment Fund - one of the world's largest asset management organizations, currently managing nearly 13,000 billion USD.

The discussion focused on opportunities for cooperation, development and attracting foreign investment flows into the Vietnamese stock market.

At the meeting, Vanguard representatives highly appreciated the efforts to reform, perfect the legal framework and improve the investment environment of the Securities Commission, especially new policies to create more favorable conditions for international investors.

Vanguard also shared plans to deploy investment activities in Vietnam after the market is upgraded, including opening trading accounts and indirect capital accounts.

The fund representative emphasized that the process of implementing procedures according to new regulations will be an important testing step, helping global investors have practical experience of the investment environment in Vietnam.

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BINH KHANH

Source: https://tuoitre.vn/quy-quan-ly-gan-13-000-ti-usd-sap-mo-tai-khoan-chung-khoan-viet-nam-20251113203838722.htm