Prime Minister Pham Minh Chinh visits Africa's Largest Stock Exchange
WVR - On the morning of November 21 (local time, afternoon of the same day Hanoi time), Prime Minister Pham Minh Chinh met with CEO of the Johannesburg Stock Exchange (JSE) Leila Fourie, and inaugurated the trading session at the Johannesburg Stock Exchange.
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| Prime Minister Pham Minh Chinh visits Africa's Largest Stock Exchange: Prime Minister Pham Minh Chinh meets with Leila Fourie, CEO of the Johannesburg Stock Exchange (JSE). (Photo: Hoang Hong) |
The Johannesburg Stock Exchange is the largest stock exchange in Africa and ranks approximately 19th-20th globally in terms of market capitalization. The market capitalization is about 1.25 trillion USD, with 435 listed companies and an average monthly trading value of around 6-7 billion USD.
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| The CEO of the Johannesburg Stock Exchange welcomes the Prime Minister and the Vietnamese delegation. (Photo: Hoang Hong) |
Established in 1887, this stock exchange plays a central role in South Africa's economy, supporting capital mobilization for businesses, promoting employment, and creating investment value. With over 130 years of history, JSE is not only a symbol of Africa's financial development but also a crucial bridge for global investors, particularly in mining and resources.
JSE has been recognized by the World Economic Forum (WEF) as one of the best-regulated financial markets globally.
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| Prime Minister Pham Minh Chinh speaks at the inauguration of the Johannesburg Stock Exchange trading session. (Photo: Hoang Hong) |
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| Prime Minister Pham Minh Chinh presents a souvenir to Leila Fourie, CEO of the Johannesburg Stock Exchange (JSE). (Photo: Hoang Hong) |
During the meeting, Prime Minister Pham Minh Chinh congratulated the Johannesburg Stock Exchange on its achievements, highlighting valuable lessons that Vietnam can learn, especially in modernizing the trading system for deeper integration and diversifying products and markets.
The Prime Minister noted that Vietnam achieved its goal of upgrading its market status from frontier to secondary emerging market in October 2025 by FTSE Russell.
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| Prime Minister Pham Minh Chinh and delegates visit the trading session at the Johannesburg Stock Exchange. (Photo: Hoang Hong) |
Additionally, Vietnam continues to maintain macroeconomic stability, control inflation, ensure major economic balances, with an estimated economic growth of over 8% in 2025 and aims for double-digit growth in the coming years.
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| Prime Minister Pham Minh Chinh and delegates inaugurate the trading session at the Johannesburg Stock Exchange. (Photo: Hoang Hong) |
With the goal of developing a healthy, transparent, stable, and sustainable stock market, the Prime Minister suggested both sides prioritize cooperation and experience sharing to develop stock products and markets; establish an international financial center in Vietnam with superior legal frameworks to attract global financial institutions and investors; collaborate to accelerate digital transformation; promote indirect investment flows; as well as in the development and operation of real estate and gold exchanges.
The CEO of the Johannesburg Stock Exchange expressed honour in welcoming the Prime Minister and the Vietnamese delegation; highly appreciated Vietnam's socio-economic development achievements, especially its impressive GDP growth rate; and noted that South Africa and Vietnam share many similarities.
Emphasizing that the capital market will play a foundational role in promoting growth, the CEO of the Johannesburg Stock Exchange stated readiness to implement the cooperation activities suggested by the Prime Minister and could visit Vietnam as early as next year.
