Vietnam always creates favorable conditions for foreign investors

	Foreign investors' net selling exceeds 2.3 billion USD since 2023
	Perfecting the legal framework to promote upgrading the stock market
	Foreign investors’ confidence in Vietnam remains strong

The Conference

State Securities Commission will coordinate with relevant agencies to regularly update information on foreign investor ownership rates

Speaking at the conference, Minister of Finance Ho Duc Phoc said that the Vietnamese Government always highly values ​​the foreign direct investment (FDI) sector and is an important component of the economy, therefore, Vietnam always create favorable conditions for long-term development together, healthy and equal cooperation and competition.

The Minister emphasized that Vietnam ensures the legitimate and legal rights and interests of investors, and constantly improves the business investment environment so that investors can feel confidence in long-term

"Vietnam has a consistent financial mechanism and investment incentive mechanism and they have implemented effectively. The improved investment and business environment encourages investments, said the Minister.

Emphasizing that Vietnamese management agencies have offered many solutions to develop the stock market, Mr. Dominc Screven, Chairman of the Board of Directors, General Director of Dragon Capital Vietnam said, Dragon Capital Vietnam looks forward to the further development of Vietnam's stock market as an emerging market rather than a frontier market in the shortest possible time.

To meet the upgrade requirements, Ms. Le Thi Le Hang, Strategy Director of Saigon Securities Company (SSI) affirmed that securities companies need to upgrade their systems to operate effectively and provide unified services for foreign investors. We believe that our stock market will create an inclusive and dynamic financial ecosystem.

Minister of Finance Ho Duc Phoc spoke at the conference.

Informing investors, Chairwoman of the State Securities Commission Vu Thi Chan Phuong said that the State Securities Commission has developed and announced a draft circular amending four circulars related to stock transactions, information disclosure, payment and operations of securities companies to meet upgrade requirements. The most important point of the draft is that it will not require foreign institutional investors to deposit 100% before trading.

Regarding the issue of foreign investor ownership rate, the State Securities Commission will coordinate with relevant agencies to regularly update information on foreign investor ownership rate for limited access business or conditional business industries.

Investors speak at the conference

In addition, management agencies are also applying International Financial Reporting Standards (IFRS) as soon as possible to be consistent with international financial reports; continue to implement market restructuring solutions, improve service quality for intermediary organizations, increase new goods and products to create conditions for foreign investors and prevent risks when investing in the stock market.

"Vietnam's state management agency for the stock market always creates favorable conditions for foreign investors to participate and invest in Vietnam's capital market," Ms. Vu Thi Chan Phuong emphasized.

Vietnam has many opportunities for effective investment

According to Mr. Alfred Chia C K, General Director of SingCapital, Vietnam has many growth prospects and promising effective investment. In fact, there are many investors who are interested but they do not know how to invest because they have little access to information, including information in English. Therefore, I think there will be many opportunities if regulators increase support for related parties such as securities companies, asset management companies, and fund management companies to cooperate with Singapore and regional partners.

And Mr. Yeo Wee Yap, CEO of Seatown Holdings, a property investment company, said that Vietnam is a very attractive investment destination and and his company has invested in Vietnam US$500 - 600 million every year for long time.

Our investment partners all receive active support from Vietnamese state management agencies in administrative procedures. We hope that Vietnam's state management agencies will coordinate better to speed up administrative procedures on investment and business," Seatown Holdings said.

At the conference, Mr. Mai Xuan Thanh, Director General of the General Department of Taxation said, Vietnam's participation in the global minimum tax demonstrates Vietnam's initiative in implementing bilateral and multilateral tax commitments and shows the stability, transparency, and consistency of Vietnam's tax policies.

“Currently, the Government has allowed relevant agencies to design support policies for investors who reach the threshold of applying global minimum tax payment. This will both help protect investors' interests and ensure Vietnam's attractiveness in foreign investment attraction. For foreign investors who have been, are, or will be investing in Vietnam but have not yet reached the threshold for applying the global minimum tax, the Vietnamese Government still offers special incentives, so investors can feel confidence in the support and stability of tax policies," Mr. Thanh said.

Mr. Dinh Ngoc Thang, Deputy Director General of the General Department of Customs speaks at the Conference.

According to Deputy Director General of the General Department of Customs Dinh Ngoc Thang, goods of foreign investors in general and Singaporeans in particular in Vietnam have received many preferential policies and tariffs because Vietnam participates in many free trade agreements such as CPTTP, RCEP, EVFTA...

Currently, according to the direction of the Government and the Ministry of Finance, towards 2025, the Customs sector will implement electronic customs and customs modernization according to pillars such as the transparent legal system and strong application of technology and information in management.

“We are building a smart customs system, digital customs; further innovate the service provision attitude, to support businesses in reducing logistics costs and customs clearance time...", Deputy Director General Dinh Ngoc Thang shared.