MoF holds investment promotion conference themed “Vietnam - Investment Destination” in Japan
Promote effective disbursement of public investment expenditure | |
MoF signs MoU on financial cooperation with Australian Treasury |
Minister of Finance Ho Duc Phoc delivered the opening speech at the Conference. |
Creating an open investment environment and supporting Japanese businesses investing in Vietnam
The conference attracted representatives from more than 200 leading Japanese and Vietnamese financial institutions, banks, life insurance corporations, investment funds, securities companies, corporations and businesses.
Addressing the event, Minister of Finance Ho Duc Phoc said that after more than 50 years of officially establishing diplomatic relations, this year is the first year that Vietnam and Japan have implemented the “Comprehensive Strategic Partnership for Peace and Prosperity in Asia and the world”, which has been upgraded from November 2023. Japan has become a leading economic partner of Vietnam, and Vietnam has been an important partner of Japan in Southeast Asia.
The Minister expects that the conference will provide more new cooperation ideas and projects for business of the two sides, thereby deepening economic cooperation as well as Vietnam-Japan Comprehensive Strategic Partnership. We also hope that the Japanese Government and relevant agencies and organizations will continue to coordinate to further promote the strong relationship between the two countries, creating an open investment environment and supporting Japanese businesses investing in Vietnam.
The overview of the conference. |
“We hope to the continued success of Japanese enterprises and investors doing business in Vietnam because your success is also our success,” Minister Ho Duc Phoc said.
The Ministry of Finance has introduced the development of Vietnam's stock market over the past time to Japanese investors.
In 2023, despite many challenges and difficulties from the world and domestic economy, with support from a stable macroeconomic foundation and proactive and flexible direction and management of the Government, the Prime Minister, the Ministry of Finance, and the close coordination of ministries, sectors and relevant units, Vietnam's stock market has recovered well, the market structure has been increasingly improved and achieved positive results in many aspects. Vietnam's stock market continues to be a bright spot attracting domestic and foreign investors, and is an effective and important capital channel for the economy.
The upgrading Vietnam’s stock market from frontier market to emerging market is one of key goals of Vietnamese Government. The target has been included in the Project on restructuring the stock and insurance markets to 2020 and orientation to 2025, and the Stock Market Development Strategy to 2030.
At the review period in September 2023, FTSE Russell kept Vietnam on the watch list for upgrading from a frontier market to a secondary emerging market and recognised the reaffirmation of commitment of leaders of Vietnam's stock market management agencies in upgrading the market.
The Ministry of Finance and the State Securities Commission have conducted many activities to cooperate with foreign partners and exchange information with relevant parties to attract foreign investment and remove obstacles for investors while investing in the Vietnamese stock market.
Drastically providing solutions to develop the stock market
In order to create foundation for development of the market, the minister affirmed that Vietnam will drastically implement market development solutions, including perfecting the legal framework; speed up digital transformation; cooperate with ministries and sectors to remove difficulties for enterprises; strengthen inspection to ensure a safe and transparent stock market; promote international cooperation, deploy solutions to attract foreign indirect investment, aiming to upgrade Vietnam's stock market from a frontier market to an emerging market.
At the conference, representatives from major securities companies and listed enterprises on the Vietnam stock market presented presentations on investment opportunities on the stock market, the potential for green finance development, and the need capital of listed enterprises for sustainable development, energy security as well as the need for sustainable development cooperation with foreign investors.
Mr. Takafumi Oue, Head of Representative Office of Daiwa Securities Company in Vietnam, speaks at the conference. |
The representative of Daiwa Securities Company in Vietnam – a Japanese company accompanying with Vietnamese stock market for 16 years.
Mr. Takafumi Oue, Head of Representative Office of Daiwa Securities Company in Vietnam, shared his experiences investing in Vietnam's stock market.
According to Mr. Takafumi Oue's, since 2008, Daiwa Securities Company has signed an alliance agreement with SSI Securities Company and implemented many successful mergers and acquisitions activities on the Vietnam stock market.
Daiwa representative assessed that the Vietnamese stock market is welcomed by Japanese investors and affirmed that Daiwa will expand its operations in Vietnam, creating opportunities for Japanese companies to invest in Vietnam.
Chairwoman of the State Securities Commission Vu Thi Chan Phuong speaks at the conference. |
During the policy dialogue session at the conference, Japanese investors expressed interest in investment opportunities in Vietnam's stock market and raised many questions about policies to develop and upgrade the market and attract new capital flows...
Chairwoman of the State Securities Commission Vu Thi Chan Phuong discussed solutions to resolve problems in upgrading the market as well as policies to strengthen regulations on information disclosure and insider trading, and improving quality of businesses listed on Vietnam's stock market.
Related News
Minister of Finance Ho Duc Phoc works with WB Country Director for Vietnam
14:13 | 30/03/2024 Finance
Revenue from casino contributes about VND9,000 billion to the State budget
09:54 | 20/03/2024 Finance
Effectively implement the State's credit capital investments to attract borrowers
11:13 | 17/03/2024 Finance
Minister Ho Duc Phoc worked with Mizuho Bank
10:21 | 14/03/2024 Finance
Latest News
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
More News
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance
SBV takes more actions to stabilise foreign exchange rates
13:43 | 24/04/2024 Finance
Proposal to exclude criminal liability for tax officials when businesses provide false information to refund VAT
10:35 | 24/04/2024 Finance
Corporate bond maturity in 2024 remains high: MoF
13:51 | 23/04/2024 Finance
Support clearance procedures for imported gold for bidding
09:33 | 23/04/2024 Finance
The exchange rate will gradually cool down from the end of the second quarter of 2024, while interest rates will remain low
09:32 | 23/04/2024 Finance
Majority of credit institutions forecast profit growth in 2024
15:16 | 22/04/2024 Finance
Central bank plans to auction gold bars on April 22
18:00 | 21/04/2024 Finance
Old loans must endure higher interest rates temporarily: central bank
15:44 | 19/04/2024 Finance
Your care
Strictly monitor market fluctuations to appropriately adjust prices
14:46 | 27/04/2024 Finance
Closely monitoring market fluctuations to consider appropriate time to adjust prices
09:30 | 26/04/2024 Finance
How does the Land Development Fund work effectively?
09:19 | 26/04/2024 Finance
Vietnam seeks to remove obstacles in upgrade of securities market
13:50 | 25/04/2024 Finance
Price stability from supply increase and transparency in trading in gold market
09:42 | 25/04/2024 Finance