With Vietnam’s reform determination together with support from international organizations, its stock market will soon meet requirements for upgrading and becoming an attractive destination in the region,  Minister of Finance Nguyen Van Thang told Gerald Toledano, Global Head of Equity and Multi Asset of FTSE Russell, a member of the London Stock Exchange Group, during their working session in Hanoi on July 17.

Mr. Thang outlined Vietnam’s ongoing reforms, noting that the Ministry of Finance has directed the State Securities Commission of Vietnam (SSC) to engage regularly with international market rating agencies and investors to share updates on Vietnam’s stock market reforms and gather feedback.

The ministry is finalizing a draft decree amending the Government's Decree No. 155/2020/ND-CP to enhance transparency in foreign ownership limits and eliminate outdated rules, such as those allowing shareholder meetings to set maximum foreign ownership levels, he said.

Regarding administrative procedures relating to investment activities of foreign investors, the ministry has coordinated with the State Bank of Vietnam (SBV) to simplify procedures and cut processing time, according to the minister.

On the foreign exchange market, he said the ministry is working with the SBV to develop a legal framework for hedging instruments to address exchange rate risks.

Concerning the central counterparty (CCP) clearing mechanism, Vietnam has recently launched KRX system, laying technical groundwork for the launch of the CCP in early 2027.

For his part, Mr. Toledano affirmed that FTSE Russell stands ready to help Vietnam upgrade its capital market infrastructure to attract stronger inflows of foreign investment. It will also help the SBV develop indices that help investors better manage financial risks.