Japanese-assisted project to improve equity market’s transparency

Hanoi (VNA) - The Japan International Cooperation Agency (JICA) and the State Securities Commission (SSC) on June 20 jointly held a seminar to launch the “Project for Capacity Building on Improving Fairness and Transparency of Vietnamese Equity Market”.

At the seminar, JICA’s consultant team announced key findings of a baseline survey of Vietnam’s securities market and market participants, which can provide backgrounds for analysis and feasible solutions with priority order to design related capacity building programmes for Vietnamese counterparts.

Addressing the event, Chairman of the SSC Tran Van Dung said that the project is part of the cooperation between the Vietnamese and Japanese Governments to support the Vietnamese stock market, which directly benefits the SSC and the stock exchanges in Hanoi and Ho Chi Minh City.

Dung expressed his belief that the project will make important contributions to the speedy and sustainable growth of the Vietnam’s stock market and the Vietnamese economy in general.

Right after the event, Japanese experts will be sent to Vietnam to start the project, he added.

JICA Vietnam Chief Representative Tetsuo Konaka said that in the future, Vietnam should make improvement in stock market’s equality and transparency, 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 exchanges in Hanoi and Ho Chi Minh City.

For more than two decades, the JICA has been supporting the Government of Vietnam to develop market-oriented economy and promote international economic integration through various technical and financial cooperation projects. For the securities sector, it has been supporting many capacity-building activities including joint researches/surveys and training courses on bond and stock markets.-VNA