MoF, LSE sign deal to enhance access to international capital
VOV.VN - The Ministry of Finance (MoF) signed a memorandum of understanding (MoU) with the London Stock Exchange (LSE) in Hanoi on April 13 to strengthen cooperation in mobilising international capital.
Signatories to the MoU were Nguyen Quoc Phuong, director of the MOF’s Department of Debt Management and External Finance and Dame Julia Hoggett, CEO at LSE.
At the signing ceremony, both sides exchanged views and clarified areas of mutual interest, and discussed measures to intensify coordination and connectivity to explore investment and cooperation opportunities in finance and securities, in accordance with Vietnamese law and the country’s socio-economic development orientation in the coming period.
Phuong stressed that with its global network and extensive experience, the LSE will help Vietnam mobilise capital more flexibly and efficiently, thereby supporting the country in achieving its sustainable growth objectives.
Under the MoU, the LSE is to support the Government of Vietnam in accessing international capital markets and diversifying funding channels at reasonable costs. It will assist the Department of Debt Management and External Finance in carrying out procedures for the listing of Vietnamese government bonds on the exchange.
In terms of capital market development and issuance support, the LSE will work with the Department of Debt Management and External Finance to develop the capital market and implement offshore government bond issuances. Forms of support include providing detailed information on listing procedures, offering guidance on the preparation of listing applications, and connecting Vietnamese authorities with reputable advisory firms when required.
In addition, the two sides will cooperate in organising investor promotion and engagement programmes, including non-deal roadshows (NDRs), to connect with global strategic investors. They will also collaborate on training programmes, market updates, and specialised workshops aimed at enhancing professional capacity and supporting the effective implementation of bond listing objectives.
Moreover, both sides will also promote the presence of Vietnamese issuers by fostering dialogue to identify opportunities for domestic enterprises and organisations to access international capital markets.
The Department of Debt Management and External Finance will act as a bridge, supporting the LSE in engaging with Vietnamese debt and equity issuers through organising presentations and direct networking events, as well as promoting dialogue to expand access to international capital markets for domestic enterprises and organisations.