Fairness and transparency of Vietnamese stock market under security
VOV.VN - The State Securities Commission of Vietnam (SSC) and the Japan International Cooperation Agency (JICA) co-organised a workshop on March 21 to conclude a four-year project on capacity building for the improvement of the Vietnamese stock market’s fairness and transparency.
Pham Hong Son, vice chairman of the SSC, said the project has met an urgent need to improve the capacity of the commission and the local stock sector in terms of management, supervision, and operation of the market.
Through the support and co-operation from JICA, the SSC has basically met the set targets, therefore improving the fairness, transparency, and protection of investors against market fluctuations.
The number of newly-opened investor accounts doubled, while foreign investors net bought strongly in the final months of the year, duly reflecting the growing attraction of the Vietnamese stock market both at home and abroad, said Son.
The official noted that the outcomes have contributed to the implementation of the Government’s stock market strategy development for the 2011 to 2020 period and other socio-economic growth plans.
Shimizu Akira, chief representative of the JICA Vietnam Office, said his agency has carried out the technical assistance project based on the proposal of the Vietnamese Government.
He assessed that the country’s stock market has experienced a strong growth after the nation opened to investment, with its capitalisation value exceeding US$180 billion by the end of 2020.
The interest of foreign investors, including those from Japan, in the country is also increasing, Shimizu emphasised.
The SSC, with support from JICA, is set to embark on a new capacity building project aimed at promoting the efficiency of the market in April.