Vietnam – investment destination

Minister of Finance Ho Duc Phoc delivered the opening speech at the Conference

Speaking at the opening of the Conference, Minister of Finance Ho Duc Phoc expressed his joy at the large and active participation, demonstrating the enthusiasm and responsibility of the delegates in joining hands to build and develop. The relationship between the two countries Vietnam - Japan is becoming stronger and more prosperous; At the same time, the Minister believes that the Conference will continue to open up greater opportunities for cooperation and development between the two countries.

The Minister said that after more than 50 years of officially establishing diplomatic relations, this year is the first year that Vietnam and Japan have implemented the "Comprehensive Strategic Partnership for Peace and Prosperity in Asia". Asia and the World” has just been upgraded from November 11. Japan has become the most important economic partner of Vietnam and Vietnam has also become an important partner of Japan in Southeast Asia.

The Minister expects that after this Conference, businesses from the two countries will have more ideas and new cooperation projects to deepen economic cooperation as well as the comprehensive strategic partnership between Vietnam and Japan. . At the same time, the Japanese Government and relevant Japanese agencies and organizations continue to coordinate to strengthen the strong relationship between the two peoples, create an open investment environment and support businesses. Japanese businesses invest in Vietnam.

"We look forward to the continued success of Japanese businesses and Japanese investors in Vietnam, because your success is also our success," Minister Ho Duc Phoc emphasized. .

Overview of the Conference

At the Conference, the Ministry of Finance introduced to Japanese investors the development of Vietnam's stock market in recent times. In 2023, despite many challenges and difficulties from the world and domestic economic context, with support from a stable macroeconomic foundation and proactive and flexible direction and management, drastic action of the Government, Prime Minister, Ministry of Finance, with close coordination of ministries, branches and relevant units; Vietnam's stock market recovered well, the market structure was increasingly improved, achieving many important results in many aspects. Vietnam's stock market continues to be a bright spot attracting domestic and foreign investors, and is an effective and important capital channel for the economy.

Upgrading Vietnam's stock market from frontier market to emerging market is one of the major goals that the Vietnamese Government is aiming for. This goal has been included in the project to restructure the stock market and insurance market to 2020 and orientation to 2025, the stock market development strategy to 2030. At the evaluation period in September 9, FTSE Russell continued continue to keep Vietnam on the watch list for upgrading from frontier market to secondary emerging market and acknowledge the reaffirmation of the commitment of senior leaders of Vietnam's stock market management agencies in their work. upgrade the stock market. The Ministry of Finance and the State Securities Commission have implemented many activities to cooperate deeply and comprehensively with foreign partners, exchange information with relevant parties to attract foreign investment capital and remove obstacles when Invest in Vietnam stock market.

Sharing the key tasks and solutions that will be deployed to create a basis for the development of the stock market in the medium and long term, the Minister of Finance affirmed that he will drastically deploy solutions to develop the market, completely improve the legal framework; Strong digital transformation in the securities sector; coordinate with relevant ministries and branches to remove difficulties for businesses; Focus on inspection and examination to ensure the stock market is safe and transparent; At the same time, strengthen international cooperation, deploy solutions to attract foreign indirect investment, aiming to upgrade Vietnam's stock market from a frontier market to an emerging market.

At the Conference, representatives from major securities companies and listed enterprises on the Vietnam stock market presented presentations on investment opportunities on the Vietnam stock market, potential for green finance development, and capital needs. of listed enterprises for sustainable development, energy security as well as the need for sustainable development cooperation with foreign investors.

Mr. Takafumi Oue, Head of Representative Office of Daiwa Securities Company in Vietnam shared at the Conference

On the side of Japanese businesses, presenting the presentation was a representative from Daiwa Securities Company in Vietnam, this is a business from Japan that has been attached and accompanied with the Vietnam stock market for 16 years. Mr. Takafumi Oue, Head of Representative Office of Daiwa Securities Company in Vietnam, shared his experiences investing in Vietnam's stock market. He said that since 2008, Daiwa Securities Company has signed an alliance with SSI Securities Company and participated in many successful mergers and acquisitions activities on the Vietnam stock market. Daiwa representative assessed that the Vietnamese stock market is welcomed by Japanese investors and affirmed that in the coming time Daiwa will expand its operations in Vietnam, creating opportunities for Japanese businesses to invest in Vietnam. .

Chairman of the State Securities Commission shared information at the Conference

During the policy dialogue session at the Conference, Japanese investors showed interest in investment opportunities in Vietnam's stock market and had many questions about policies to develop the stock market and upgrade the market - attracting new capital flows... Chairwoman of the State Securities Commission Vu Thi Chan Phuong directly discussed solutions to problems in upgrading the market as well as policies to strengthen regulations on information disclosure. information, insider trading, improving the quality of businesses listed on the Vietnam stock market./.

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