The technical cooperation project (start from early 2019, and continue for three years) aims at improving the capacity of the State Securities Commission (SSC) and two Stock Exchanges (SEs) in Hanoi and Ho Chi Minh city to conduct market surveillance, supervise market intermediaries, manage listing and public offering, and raise the awareness of investor protection among enterprises’ leaders. Accordingly, the Japan International Cooperation Agency (JICA) will provide supports through various activities such as review on current framework, close consultancy, capacity building on various related matters, and update of internal operation manual/guideline and/or revision of legal framework. KONAKA Tetsuo – Chief Representative of JICA Vietnam Office (left) and Tran Van Dung – SSC Chairman at the signing ceremony (Photo: Quynh Anh)The project was also prepared in the context of the implementation of “Strategy for development of Vietnamese securities market for the period of 2011-2020” approved by the Prime Minister in 2012, which outlines clear visions to enable the Vietnamese security market to integrate into the ASEAN and international markets. In recent years, market capitalization has been rapidly increasing in Vietnam in the context of further transition to the market economy and development of private sector. During the 2011 – 2015 period, it witnessed the equitization of 508 State-owned enterprises (SOEs). In the following years toward 2020, more dynamic divestment process has been projected and gradually implemented, including the equitization of the biggest SOEs. Furthermore, along with the listing of SOEs in the market, the listing of more private enterprises in the… [Read full story]
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