On December 9, the State Securities Commission (SSC) held a conference to disseminate regulations on listing and registration of transactions for economic organizations with foreign investment capital (FDI). Here, the management agency affirmed its determination to remove obstacles to unblock this capital flow to the stock exchange.
Speaking at the conference, Chairwoman of the State Securities Commission Vu Thi Chan Phuong emphasized that the Vietnamese stock market is entering a new stage of development, requiring in-depth transformation and compliance with stricter international standards. In that context, the presence of FDI enterprises on the listed floor is of strategic significance.
"We expect to welcome more large-scale, effectively operating FDI enterprises. This participation will not only help improve the quality of goods and increase choices for investors, but also contribute significantly to restructuring the proportion of industry groups on the electronic board," Ms. Phuong shared.
Chairwoman of the State Securities Commission Vu Thi Chan Phuong at the Conference (Photo: State Securities Commission).
In terms of policy, Ms. Phuong said that recently, the State Securities Commission has actively consulted with ministries, branches and reported to the Government and the Ministry of Finance to remove existing legal bottlenecks. The management agency pledged to stand side by side and provide maximum support to businesses in the process of standardizing documents to access the Vietnamese capital market.
The strategy to promote FDI enterprises to participate in the market takes place in a positive macro context, especially after the milestone on October 8 when FTSE Russell officially announced the upgrading of Vietnam's stock market from a frontier market to a secondary emerging market.
Adding quality supply from the FDI sector is considered a necessary step to increase the scale and attractiveness of the market to international financial institutions, while demonstrating Vietnam's determination to deeply integrate.
Within the framework of the conference, representatives of the FDI business community directly discussed technical barriers when implementing IPOs and listings.
Key issues of concern include: Process and timing of conversion to a joint stock company model; regulations on reducing foreign ownership ratio to below 100% to qualify for public; legal corridor for issuing other types of securities (such as bonds); requirements for audit reports on contributed charter capital or regulations on independent valuation reports in registration dossiers.
Source: https://dantri.com.vn/kinh-doanh/trai-tham-do-don-doanh-nghiep-fdi-len-san-chung-khoan-20251206091122578.htm
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