Japan to support Vietnamese securities market
Japanese experts will provide various services such as consultancy and capacity building to update internal operation guidelines and revise the related legal framework for the securities market in Vietnam, sources said.
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| Participants are seen at the “Project for Capacity Building in Improving the Fairness and Transparency of the Vietnamese Equity Market” seminar on June 20 - PHOTO: THUY DUNG |
At a seminar to launch the “Project for Capacity Building in Improving the Fairness and Transparency of the Vietnamese Equity Market” on June 20, JICA’s consulting team reported the key findings of a baseline survey of Vietnam’s securities market and market participants, providing a background for analysis and feasible solutions for its Vietnamese counterparts.
The project is aimed at bringing the best international practices to Vietnam during this important transition period, when the Securities Law is under scrutiny for revision; the “Strategy for the Restructuring of the Securities Market by 2020 with a vision toward 2025” has just been renewed; and the two SEs in Hanoi and HCMC will soon combine into a single Vietnam Stock Exchange.
The Record of Discussion of this Project, signed on November 5, 2018, set the foundation for the three-year project, aimed at improving the capacity of the SSC and two SEs in adopting measures to improve the fairness and transparency of the Vietnamese equity market.
Techniques and experiences will be shared with the Vietnamese counterparts to conduct market surveillance, supervise market intermediaries, manage listings and public offerings and raise the awareness of business leaders on investor protection.
From that, the project is expected to help bring more qualified products of State-owned and private enterprises to the market, as one of the factors involved in upgrading the stock market and contributing to socio-economic development.
