Prime Minister Pham Minh Chinh calls on FTSE Russell to support Vietnam’s stock market upgrade
WVR/VNA - On July 17, Prime Minister Pham Minh Chinh called on FTSE Russell, a member of the London Stock Exchange Group, to continue partnering with the Vietnamese Government and regulators, offering practical recommendations to upgrade Vietnam’s stock market status from "frontier" to "emerging".
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| Prime Minister Pham Minh Chinh calls on FTSE Russell to support Vietnam’s stock market upgrade: Prime Minister Pham Minh Chinh and FTSE Russell’s Global Head of Equity and Multi Asset Gerald Toledano (Photo: VNA) |
During a reception in Hanoi for FTSE Russell’s Global Head of Equity and Multi Asset Gerald Toledano, Prime Minister Chinh called modernising Vietnam’s capital markets a linchpin for mobilising private investments at home and abroad.
He highlighted Vietnam’s aggressive push for stock market reforms to foster a transparent, investor-friendly environment. The Government has already submitted a revised Securities Law to the National Assembly and a resolution to establish an international financial centre.
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| Prime Minister Pham Minh Chinh calls on FTSE Russell to support Vietnam’s stock market upgrade: Overview of the meeting. (Photo: VNA) |
The Prime Minister urged FTSE Russell to support Vietnam’s efforts by delivering objective and comprehensive assessments of its economy and capital markets, sharing international best practices, and aiding the building of a modern legal and regulatory framework. He also sought assistance in upgrading market infrastructure, training quality financial professionals, and creating an international financial hub to draw global capital.
In response, Toledano praised Vietnam’s reform momentum, noting that its stock market, now the most liquid in ASEAN, has surpassed those of Thailand and Singapore.
He reaffirmed FTSE Russell’s commitment to aiding Vietnam’s emerging market bid, pledging to back its economic goals through 2045 and share its progress to global investors.
(Source: WVR/VNA)
