The State Securities Commission (SSC) will continue to coordinate with market operators, investors, and other organizations to implement solutions to upgrade Vietnam’s stock market from a frontier market to an emerging market, a working session between Minister of Finance Ho Duc Phoc and the SSC heard.

Despite the ongoing turbulence in global markets putting stress on the domestic market, it maintains market liquidity and the number of new accounts being opened is at record levels. Foreign investors are net buyers of stocks, showing that the market receives interest from domestic and foreign investors alike.

The SSC has continued to restructure the country’s stock market, strengthening management over public companies and securities trading organizations and conducting inspections and supervision and handling violations amid increasingly sophisticated and complex wrongdoings in the securities sector.

However, Vietnam’s economy still has many potential risks that could affect people’s lives and reduce the resilience of businesses.

The SSC will continue to improve the legal framework and policy system, to ensure open and transparent market operations and maintain market discipline.

It will also continue to restructure the stock market, strengthen the management of securities trading organizations, and focus on monitoring and checking that margin lending is in accordance with the law.

Efforts to coordinate with market operators, investors, and other organizations to implement solutions to upgrade Vietnam’s stock market from frontier to emerging market status will continue.