Vietnam's stock market and prospects for upgrading in the September 2025 review

According to the Stock Market Development Strategy to 2030 approved by the Prime Minister in Decision No. 1726, Vietnam aims to strive to upgrade the market this year.

According to Mr. Thu, to achieve this goal, the Securities Commission has made efforts to perfect the legal and technical framework, as well as contact with rating organizations and foreign investors to share the current situation and development level of the market.

Mr. Hoang Van Thu answered at the regular press conference of the second quarter of 2025 of the Ministry of Finance . (Photo: Duc Minh)

Regarding the legal framework, the Ministry of Finance has issued a number of documents such as the Circular on non-margin trading activities, which has been highly appreciated by foreign institutional investors. This Circular is a premise for a larger step of establishing a central clearing mechanism (CCP).

The Ministry of Finance has also issued a Circular amending and supplementing regulations on registration, depository, clearing and settlement of securities transactions, as well as a Circular guiding the disclosure of information on the securities market according to the new Circular of the Ministry of Finance. These changes are compatible with the upgrading target.

The leaders of the Securities Commission also acknowledged that the KRX system has been operating safely and smoothly, with no problems recorded so far. The Commission has also coordinated with the State Bank to issue Circular 03 to simplify administrative procedures for foreign investors, especially in opening trading accounts.

The Ministry of Finance and the State Securities Commission are urgently amending and supplementing Decree No. 155/2020/ND-CP guiding the Securities Law, aiming to clearly stipulate and institutionalize new contents in the spirit of Securities Law No. 56 issued in 2024. In particular, the key point is to affirm that the central clearing model applies not only to derivative securities but also to the underlying securities market.

According to the leader of the Securities Commission, another point that is being adjusted is the regulation on foreign ownership ratio in listed organizations to clearly demonstrate Vietnam's openness, transparency and equality towards foreign investors, in accordance with the Government 's strategic orientation.

From a technical perspective, the Securities Commission has implemented supporting solutions such as designing a master account in clearing to facilitate the operations of foreign investment funds.

“Being upgraded is important, but maintaining the ranking after being upgraded is even more difficult. Therefore, all current reforms aim at sustainability, longevity and meeting the real expectations of investors,” Mr. Hoang Van Thu emphasized, while affirming that the Vietnamese stock market is completely capable of being upgraded in the assessment period in September this year.

Adding to the sharing of the leader of the Securities Commission, Deputy Minister of Finance Nguyen Duc Chi expressed his confidence that the Vietnamese stock market will be upgraded to emerging market status by September 2025. In addition, the Commission will also focus on fundamental solutions to ensure the maintenance of the ranking.

Source: https://baodautu.vn/thi-truong-chung-khoan-viet-nam-va-trien-vong-nang-hang-trong-ky-danh-gia-thang-92025-d320145.html