Vietnam vows stock market upgrade from frontier to secondary emerging: PM

February 29, 2024

The Vietnamese government is committed to upgrading the local stock market and aligning it with digital transformation and various economic trends, Prime Minister Pham Minh Chinh stated at a conference on stock market development on Wednesday. At the conference held in Hanoi, PM Chinh outlined the ambitious goal of transforming the market from Frontier to Secondary Emerging in the FTSE Russell global classification by 2025, attracting about US$25 billion of foreign indirect investment annually. To achieve the stock market upgrade goal, he tasked relevant ministries and agencies with implementing a strategic action plan, focusing on amending regulations, enhancing market transparency, and modernizing operations through digital technology adoption. Ambassador to Vietnam Marc E. Knapper (L, 2nd) at a conference on stock market development held in Hanoi, February 28, 2024. Photo: Nhat Bac / Tuoi TreHe also called attention to strengthening market supervision and enforcement, promoting corporate governance, and facilitating market access for foreign investors.

The source of this news is from Tuoi Tre News