Hanoi (VNA) - The Japan International CooperationAgency (JICA) and the State Securities Commission (SSC) on June 20 jointly helda seminar to launch the “Project for Capacity Building on Improving Fairnessand Transparency of Vietnamese Equity Market”.
At the seminar, JICA’s consultant team announced keyfindings of a baseline survey of Vietnam’s securities market and market participants,which can provide backgrounds for analysis and feasible solutions with priorityorder to design related capacity building programmes for Vietnamesecounterparts.
Addressing the event, Chairman of the SSC Tran Van Dung saidthat the project is part of the cooperation between the Vietnamese and JapaneseGovernments to support the Vietnamese stock market, which directly benefits theSSC and the stock exchanges in Hanoi and Ho Chi Minh City.
Dung expressed his belief that the project will makeimportant contributions to the speedy and sustainable growth of the Vietnam’sstock market and the Vietnamese economy in general.
Right after the event, Japanese experts will be sent toVietnam to start the project, he added.
JICA Vietnam Chief Representative Tetsuo Konaka said that inthe future, Vietnam should make improvement in stock market’s equality andtransparency, making it a channel to mobilise capital for enterprises.
The official lauded Vietnam’s efforts in the field,including the revising of the Securities Law and the plan to unite the stock exchangesin Hanoi and Ho Chi Minh City.
For more than two decades, the JICA has been supporting theGovernment of Vietnam to develop market-oriented economy and promoteinternational economic integration through various technical and financialcooperation projects. For the securities sector, it has been supporting manycapacity-building activities including joint researches/surveys and trainingcourses on bond and stock markets.-VNA
VNA