On the morning of February 21, 2025 in Quang Nam, Minister of Finance Nguyen Van Thang chaired a thematic conference and orientation for the development of the Vietnamese stock market in the integration trend.
Speaking at the conference, Minister Nguyen Van Thang said: "Despite many impacts from the global situation, the Vietnamese stock market last year has maintained stability, safety, smoothness, good liquidity and improved transparency and sustainability". He emphasized: "State management of the stock market continues to be improved, especially the promulgation of the amended Securities Law. The legal guidelines are being accelerated to create the highest convenience for people and businesses, while approaching international practices".
According to Minister Nguyen Van Thang: "2025 is of great significance, marking the acceleration and breakthrough in Vietnam's 5-year socio-economic development plan (2021 - 2025) towards the GDP growth target of at least 8% this year and creating a foundation for double-digit growth in the period of 2026 - 2030". The leader of the Ministry of Finance said: "The task of the Securities industry and the State Securities Commission (SSC) is very great. The Government aims to develop a stable, safe, healthy, efficient, sustainable, integrated stock market, while improving risk resilience, becoming an important capital mobilization channel for the economy".
To achieve this goal, Minister Nguyen Van Thang emphasized: "The important role of international cooperation and consensus from market members in overcoming challenges and sustainable development". He highly appreciated the participation of international securities regulators under the IOSCO Asia - Pacific Subcommittee of this conference, considering this an opportunity for Vietnam to share and learn valuable experiences in market management and operation.
At the conference, Ms. Julia Leung, President of APRC, CEO of SFC, highly appreciated Vietnam's role in the Asia-Pacific region. "Vietnam's GDP growth is forecast to be 8% or more, making it one of the fastest growing economies in Asia," she said. She emphasized: "The need for close cooperation between Asian capital markets to deal with challenges from the global socio-political situation, such as prolonged high interest rates, trade conflicts and supply chain disruptions".
Ms. Julia Leung also acknowledged Vietnam's efforts in connecting more deeply with the international financial market, through multilateral commitments and cooperation. She especially welcomed Vietnam for becoming the latest signatory of the Memorandum of Understanding on multilateral supervisory cooperation (SMMoU), marking an important multilateral cooperation in managing and supervising the capital market in the region.
On the side of the State Securities Commission, Chairwoman Vu Thi Chan Phuong said: "The State Securities Commission will continue to promote international integration, improve the capacity to manage and supervise the stock market". She emphasized important topics discussed at the conference such as "challenges in digital asset management, sustainability information disclosure and unification of information disclosure requirements in the region".
These topics received many positive comments from experts and delegates, thereby helping the State Securities Commission to more clearly shape the next steps to perfect the legal framework, improve market management and supervision efficiency, better meet international standards, and aim to upgrade the Vietnamese stock market to an emerging market in the near future.
