Workshop discusses fairness, transparency of Vietnam's stock market

At the event (Photo: VNA)

Hanoi (VNA) - The State Securities Commission of Vietnam (SSC)and the Japan International Cooperation Agency (JICA) on March 21 co-organised aworkshop to end a four-year project on capacity building for the improvement ofthe Vietnamese stock market’s fairness and transparency.

SSC Vice Chairman Pham Hong Son said the project has met an urgent need to improve the capacity of the commission and theVietnam stock sector in the management, supervision and operation of the market.

He noted that with the support and cooperation from JICA,the SSC has basically met the set targets, hence improving the fairness, transparency,and protection of investors against market fluctuations.

The number of newly opened investor accounts doubled, whileforeign investors net bought strongly in the year-end months, reflectingthe growing attraction of Vietnam's stock market at home and abroad, said Son.

The official said the outcomes have contributed to the realisation ofthe Government’s stock market strategy development for 2011-2020 and othersocio-economic growth plans.

Illustrative photo (Source: vneconomy.vn)

Chief Representative of the JICA Vietnam Office ShimizuAkira said JICA has implemented the technical assistance project based on theproposal of the Government of Vietnam.

He assessed that the country’s stock market has experienceda strong growth after Vietnam opened its door, with its capitalisation value exceeding 180billion USD by the end of 2020.

The interest of foreign investors, including those from Japan, inVietnam is also increasing, Shimizu stressed.

The SSC, with support from JICA, is about to embark on a newcapacity building project to promote the efficiency of the market in April./.

VNA