Participants at the conference (Photo: VNA) Addressing the event, Phoc said that Japan has become aleading economic partner of Vietnam, and Vietnam has been an important partnerof Japan in Southeast Asia.
He said he hopes the conference will provide morecooperation ideas for businesses of the two sides, thus deepening theirrelations and contributing to promoting the Vietnam-Japan ties.
Briefing participants on the development of the securitiesmarket of Vietnam, the official said that the market saw good recovery in 2023with increasingly completed structure.
The Vietnam stock market has remained a bright spot inattracting domestic and foreign investors, and is an effective and important capitalchannel for the economy, he said, stressing that upgrading Vietnam's stockmarket from a frontier market into an emerging market is one of the major goals thatthe Vietnamese Government is aiming for.
The goal has been included in the project to restructure thestock and insurance markets until 2020 with a vision to 2025 and the strategyfor stock market development until 2030, he noted.
At the review period in September 2023, FTSE Russell kept Vietnam on the watch list for upgrading from a frontier marketto a secondary emerging market and recognised the reaffirmation of commitment of leaders of Vietnam's stock market management agencies in upgrading the market.
Minister of Finance Ho Duc Phoc addresses the event (Photo: VNA) The minister affirmed that Vietnam will drasticallyimplement market development solutions, including perfecting the legalframework, speeding up digital transformation, and strengthening inspection toensure a safe and transparent stock market.
At the event, companies that have listed in the Vietnamesestock market highlighted investment opportunities in the Vietnamese stockmarket, as well as the potential for green finance development and theircapital demand and cooperation needs.
Takafumi Oue, head of the representative office of DaiwaSecurities in Vietnam, which has been present in Vietnam for 16 years, saidthat the Vietnamese stock market is welcomed by Japanese investors and affirmedthat Daiwa will expand its operation in Vietnam in the coming time, creatingopportunities for Japanese businesses to invest in Vietnam.
Japanese investors at the event showed their interest in theVietnamese market and raised many questions on policies to develop and upgradethe market as well as attract new capital inflows. Their questions were answered by Chairwoman of the State Securities Commission Vu Thi ChanPhuong./.
VNA
