Finance ministry seeks ways to elevate stock market

The Ministry of Finance (MoF) held a working session with British analytics and data solution provider FTSE Russell, BlackRock - a world’s leading provider of investment, advisory and risk management solutions – and SSI Securities Corporation on February 27 to discuss ways to elevate the stock market.

Deputy Minister of Finance Nguyen Duc Chi said the ministry and the State Securities Commission (SSC) will create favorable conditions for the stock market to develop more breakthrough and innovative products, enhancing the quality of market offerings and attracting more investors.

One of the key pillars will be perfecting the legal framework to develop the securities and capital markets, improving the capacity of the SSC and the stock exchanges in enforcing securities market regulations, and strengthening supervision, inspection, and settlement of violations in the securities market, according to Mr. Chi.

The MoF wishes to enhance cooperation with international organizations to develop the stock market, he said.

FTSE Russell's Director of Equity Index Policy Wanming Du said FTSE Russell has always actively participated in the development process of Vietnam's securities market and wants to see progress in its journey.

The company will continue to meet with foreign institutional investors and market participants to receive feedback, evaluations, and surveys on the development steps of Vietnam's stock market. This will help formulate plans to support the development of the securities market as well as the broader capital market in Vietnam.