WB, FTSE Russell pledge regular coordination in upgrading Vietnam's stock market

Illustrative photo (Source: VNA)

Hanoi (VNA) – Representatives of the World Bank (WB)and FTSE Russell have committed to further supporting Vietnam to build asustainable stock market, particularly via regularly exchange and coordinationin the market upgrading matter.

They made the commitment at a recent working session withthe State Securities Commission (SSC), during which the sides discussed theactual situation, and efforts made to remove bottlenecks in support of the Vietnamesestock market’s status upgrading process.

WB and FTSE Russell representatives said they highlyappreciate the efforts of local management agencies and market members inupgrading the market from marginal to emerging one. They also proposed somesolutions for the improvement of the market toward the upgrade.

The upgrade has been included in the country’s strategy for thesecurities market development and received significant attention from leadersof the Government, the Ministry of Finance and other relevant units, said an SSCrepresentative.

FTSE Russell is a leading global provider of benchmarks,analytics, and data solutions with multi-asset capabilities. Its report inApril this year showed that Vietnam continues to be on the list of potential stockmarkets for upgrading from a marginal to an emerging market./.

VNA