On July 17, news from the Ministry of Finance said that Minister of Finance Nguyen Van Thang worked with representatives of FTSE Russell - a subsidiary of London Stock Exchange Group (LSEG), specializing in producing, maintaining, licensing and marketing stock market indices.
The Minister affirmed that Vietnam is aiming for stable, sustainable and high-quality economic growth in the 2025-2030 period. In the first half of this year, Vietnam's GDP growth reached 7.52%. The Government is currently determined to achieve a GDP growth target of 8% or more in 2025, increasing rapidly but sustainably. To achieve the target, the Government has directed the Ministry of Finance to implement many important solutions, including promoting the development of the stock market.
He stated that upgrading Vietnam's stock market from frontier to emerging is not a destination, but a natural result when Vietnam steadfastly pursues core development goals towards a fair, transparent and efficient stock market.
Minister Nguyen Van Thang at the working session with FTSE Russell (Photo: Ministry of Finance).
Mr. Gerald Toledano, Head of Global Equities and Multi-Asset Products and Head of Global Tailored Solutions and Alternatives at FTSE Russell, also emphasized the strong growth trend of voluntary pension insurance funds, in which many Asian countries are repositioning their long-term investment strategies.
The agency continues to commit to supporting the State Bank in establishing indicators to help investors better assess and manage financial risks and is ready to support Vietnam in updating its capital market infrastructure.
Responding, Mr. Nguyen Van Thang said that the Ministry of Finance is finalizing the Draft Decree amending Decree No. 155/2020 towards publicizing and making transparent the foreign ownership ratio and eliminating inappropriate regulations. The Minister gave an example of the regulation that the general meeting of shareholders can decide on the maximum foreign ownership limit, perfecting the legal framework for securities offering and issuance activities...
Mr. Gerald Toledano, Head of Global Equity and Multi-Asset Products and Head of Global Tailored Solutions and Alternative Products, FTSE Russell (Photo: Ministry of Finance).
Many solutions were also proposed by the Ministry of Finance, such as reviewing and evaluating the operations and potential for equitization of enterprises, coordinating with relevant units to develop specific plans; requesting enterprises to proactively review and reduce registered business lines that do not generate business activities and review business lines in detail to increase the participation rate of foreign investors in enterprises...
The Ministry also assigned the State Securities Commission to research and propose the implementation of new products in line with international practices and market demand; coordinate with the State Bank to simplify procedures, shorten processing time and remove practical obstacles that are hindering foreign investment activities...
Regarding the cooperation proposal, the Ministry of Finance welcomes FTSE Russell's initiative to expand its indexes to suit the Vietnamese market. The Ministry is willing to facilitate extensive cooperation between the State Securities Commission, domestic financial market institutions, FTSE Russell and global financial institutions.
The Ministry of Finance is committed to working with international organizations, including FTSE Russell, to improve institutions, remove obstacles and promote the development of the stock market. The Commander of the financial sector stated that with the determination to reform and support from the international community, the Vietnamese stock market will soon meet the criteria for upgrading, becoming an attractive investment destination in the region.
Source: https://dantri.com.vn/kinh-doanh/bo-tai-chinh-lam-viec-voi-ftse-russell-ve-nang-hang-thi-truong-chung-khoan-20250717185321804.htm
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