Vietnam and Singapore cooperate to improve capacity in capital market and digital asset management

The Monetary Authority of Singapore (MAS) and the State Securities Commission of Vietnam (SSC) have agreed to cooperate on capacity building in the management and supervision of capital markets and digital assets.

Leaders of the two agencies signed a Letter of Intent (LOI). The event was witnessed by General Secretary To Lam and Singaporean Prime Minister Lawrence Wong - Photo: SSC

The Monetary Authority of Singapore (MAS) and the State Securities Commission of Vietnam (SSC) have reached a cooperation agreement to enhance their capacity to protect market integrity and stability, and promote connectivity in the two countries' capital markets.

The signing ceremony took place under the witness of Singaporean Prime Minister Lawrence Wong and General Secretary To Lam during his official visit to Singapore from March 11 to 13.

In addition, the two sides also agreed to cooperate to improve capacity in building and developing a legal framework for digital asset management in Vietnam.

The signed Letter of Intent (LOI) will facilitate the sharing of information on the legal framework for capital markets and digital assets; sharing of experiences in the field of anti-money laundering and counter-terrorism financing; capacity building and sharing of experiences and legal frameworks in the management and supervision of capital markets and digital assets.

Mr Lim Tuang Lee, Deputy General Manager, Capital Markets, MAS, said: " This LOI reflects our commitment to support each other to protect the integrity and stability of our capital markets, while promoting cross-border connectivity. This LOI allows MAS and SSC to learn from each other and foster deeper collaboration."

Ms. Vu Thi Chan Phuong - President of SSC, commented that the Vietnam - Singapore relationship has been upgraded to a comprehensive strategic partnership, in which economic , financial and investment cooperation has increasingly developed deeply, closely and effectively.

The LOI signed this time continues to affirm a new step forward, creating an important foundation for the two capital market management agencies to strengthen cooperation, exchange expertise, and share experiences.

"We believe and expect that the signing of this LOI will create conditions for the capital market and digital asset market of the two countries to continue to develop more stably, fairly, transparently and sustainably in the future," said Ms. Vu Thi Chan Phuong.

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Source: https://tuoitre.vn/viet-nam-va-singapore-hop-tac-nang-cao-nang-luc-quan-ly-thi-truong-von-va-tai-san-so-2025031313364706.htm