On October 17, 2025, in Ho Chi Minh City, Minister of Finance Nguyen Van Thang chaired the Conference "Fund sector in the process of developing the stock market and attracting indirect investment capital into Vietnam".
Speaking at the opening of the Conference, Minister of Finance Nguyen Van Thang said that the management of stock investment funds in Vietnam has achieved certain results, gradually contributing to the sustainable development of the stock market. To date, the market has 43 fund management and asset management companies with a value of more than VND800 trillion, more than 7 times higher than in 2014, with an average growth rate of about 20%/year.
On October 8, the FTSE Russell rating agency officially announced the upgrading of the Vietnamese stock market from a frontier market to a secondary emerging market. According to the Minister of Finance, this upgrade has contributed to raising Vietnam's position on the world map, affirming the correct development path and Vietnam's ability to integrate more deeply into the international financial system.
The upgraded market will open up opportunities to attract foreign direct investment flows, supplementing resources for economic development. This is also an opportunity to change the quality of the stock market, including changes in the structure of the investor base, increase the proportion of institutional investors, promote the development of the investment fund industry to become more professional, growth and sustainability.
In the context of the global economy recovering, the domestic economy being stable and growing, the investment fund industry is facing many opportunities for development, innovation and integration. Promoting professionalism, transparency and efficiency in investment activities is not only an inevitable trend but also a key factor for the fund industry to increasingly affirm its role in connecting capital sources and developing the stock market sustainably, further attracting indirect investment flows into Vietnam, serving the country's economic development in the new era" - the Minister of Finance emphasized.
Speaking at the Conference, Vice Chairman of the State Securities Commission Bui Hoang Hai introduced a number of key contents of the Project on restructuring investors and developing the securities investment fund industry (Project); policy orientation in the coming time. The Ministry of Finance has issued a Project to implement the resolutions of the Party and the National Assembly on the development of the stock market and the Stock Market Development Strategy to 2030 approved by the Prime Minister.
Regarding solutions for market development in the coming time, Minister Nguyen Van Thang suggested that the State Securities Commission focus on implementing 5 groups of solutions.
First, synchronously implement solutions to develop the capital market in both breadth and depth; Resolutely implement the content of Official Dispatch No. 192/CD-TTg dated October 8, 2025 of the Prime Minister on upgrading the Vietnamese stock market.
Second, continue to improve legal regulations guiding the operation of securities investment funds and voluntary pension funds, creating maximum conditions in the operation process to create a transparent investment and business environment, promoting the role of private investment.
Third, continue to coordinate with relevant ministries and branches to research and diversify risk-off products for foreign investors.
Fourth, strengthen the capacity to manage, supervise, inspect, check and handle violations of securities and the stock market; tighten market discipline, strictly handle violations to develop the stock market transparently and sustainably.
Fifth, continue to train, propagate and disseminate knowledge to non-professional individual investors about stock investment funds.
The Minister also requested fund management companies and market members to proactively and actively participate in developing policies and giving comments on legal documents to develop a transparent and modern fund industry and stock market according to international standards.
I believe that with the efforts of all parties, we will achieve the growth target for this year and the coming period; the Vietnamese capital market, the stock investment fund system will continue to develop and operate effectively; foreign direct investment capital will continue to grow - the Minister affirmed.
