While chairing a conference in Hanoi on February 28 on tasks to develop Vietnam’s stock market, Prime Minister Pham Minh Chinh emphasized that the government has determined that it will secure an upgrade from frontier status to emerging market status by 2025.

He asked relevant ministries and agencies to urgently address any obstacles to meet the necessary requirements for the upgrade.

The Prime Minister requested that they compile and carry out specific action plans to implement the stock market development strategy to 2030.

The Ministry of Finance will review related regulations to tackle shortcomings and coordinate with the State Securities Commission to boost the upgrade and construction of infrastructure to facilitate the operations of the stock market with the application of digital technology.

He called for favorable conditions to be created for businesses, market institutions, and investors in the stock market.