Vietnam – China promote cooperation in the securities sector

Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong recently visited and worked with Mr. Wu Qing - Chairman of the China Securities Regulatory Commission (CSRC).

Chairwoman of the State Securities Commission Vu Thi Chan Phuong and Chairman of the China Securities Regulatory Commission - Wu Qing discussed at the working session.

The meeting was part of a working trip to China by the Chairwoman of the State Securities Commission Vu Thi Chan Phuong. Also attending the meeting were representatives of leaders of units under the State Securities Commission of Vietnam and CSRC.

At the meeting, Chairwoman of the State Securities Commission Vu Thi Chan Phuong shared that the State Securities Commission of Vietnam always attaches importance to the cooperative relationship with the CSRC; since 2005, the two agencies have signed a Memorandum of Understanding (MOU) on bilateral cooperation in the securities sector to enhance the exchange of market information and exchange of working delegations and technical support. Accordingly, the two sides have organized many working delegations, training, and experience sharing in building and perfecting the legal framework and monitoring activities of the securities market.

Chairwoman Vu Thi Chan Phuong updated the development of the Vietnamese stock market and said that recently, many stock investors from China have participated in the Vietnamese stock market. The State Securities Commission of Vietnam always creates favorable conditions for foreign investors to participate in the market, including investors from China.

Speaking at the meeting, Mr. Wu Qing, Chairman of the China Securities Regulatory Commission, highly appreciated the development of the Vietnamese stock market and said that this will be a market with great potential for development in the coming time.

Mr. Wu Qing also commented that the securities management agencies of the two countries have many similarities in terms of organizational structure and regulations in decentralization of market supervision... Therefore, he suggested that in the coming time, the two agencies should have more frequent exchanges to share experiences in managing and supervising the securities market.

Working delegations of both sides at CSDC

To continue to strengthen the cooperative relationship between the two agencies, Chairwoman of the State Securities Commission Vu Thi Chan Phuong suggested that the units continue to review and specify the content of bilateral cooperation between the two sides and hoped that CSRC would support sharing experiences with the State Securities Commission of Vietnam on applying digital transformation in stock market supervision.

On the same day, November 25, 2024, the working delegation also had a working session with experts from professional departments of CSRC and China Securities and Clearing Corporation (CSDC).

Source: https://baotainguyenmoitruong.vn/viet-nam-trung-quoc-thuc-day-hop-tac-trong-linh-vuc-chung-khoan-383674.html