The Government Office has just issued Official Letter No. 5981/VPCP-KTTH dated June 28, 2025 to the Minister of Finance and the Governor of the State Bank of Vietnam, conveying the direction of Deputy Prime Minister Ho Duc Phoc on upgrading the Vietnamese stock market.
Accordingly, the Ministry of Finance is assigned to preside over and coordinate with relevant agencies to continue to urgently and effectively implement necessary measures to meet the criteria for upgrading the Vietnamese stock market of international organizations. Create favorable conditions for mobilizing capital for national economic development in accordance with regulations, especially focusing on resolving difficulties and problems to meet the criteria for upgrading, and report the implementation results in July 2025.
Urgently work with the FTSE Russell rating organization and related organizations to clearly determine the time, composition, and content of working with the Government leaders, on that basis, have specific reports and proposals on meeting and working with the Government leaders according to regulations.
Urgently synthesize, absorb and explain the opinions of Government members on the content of the draft Decree amending and supplementing Decree No. 155/2020/ND-CP and report before July 3, 2025.
The State Bank of Vietnam shall preside over and coordinate with the Ministry of Finance, the State Securities Commission and relevant agencies to urgently study the recommendations and proposals of the Ministry of Finance, review legal documents related to assigned functions, tasks and authority to immediately handle difficulties, problems and work that needs to be implemented to upgrade the Vietnamese stock market in accordance with regulations.
Create favorable conditions for foreign investors to access the Vietnamese stock market, contributing to attracting foreign direct investment flows, aiming to soon upgrade the Vietnamese stock market from the frontier market to the emerging market; promptly report and propose to competent authorities for issues beyond authority, to be completed before July 15, 2025, no longer delay.
The Minister of Finance proactively coordinates and works directly with the Governor of the State Bank of Vietnam and Heads of relevant agencies to unify the handling of problems under the functions and tasks of agencies to meet the regulations on upgrading the Vietnamese stock market from frontier to emerging market; promptly report to competent authorities on problems arising beyond their authority.
