Vietnamese stock market praised for having the greatest liquidity in ASEAN
Lai Hoa -
(VOVWORLD) - Vietnam has shown great determination in reforming its stock market, improving its investment environment to be more open, transparent, and favorable, and protecting the legitimate rights and interests of investors, Prime Minister Pham Minh Chinh told Gerald Toledano, Global Head of Equity and Multi Assets at FTSE Russell, a member of the London Stock Exchange Group.
 Prime Minister Pham Minh Chinh (R) receives Gerald Toledano, global head of equity and multi-asset at FTSE Russell, in Hanoi on July 17. (Photo: Lai Hoa)
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During a meeting on Thursday in Hanoi, Mr. Chinh said the Government has submitted to the National Assembly for approval an amended Securities Law and passed a Resolution on developing an international financial center in Vietnam.
He asked FTSE Russell to continue to monitor and make objective, accurate, and comprehensive assessments of Vietnam's economy and capital market; share experience; and provide advice and support in building a legal corridor, mechanisms, and policies, developing modern infrastructure and smart governance, and training professional and elite human resources.
PM Chinh also called for support for Vietnam in the process of building and operating an international financial center and connecting investors to Vietnam.
 Scene of the reception (Photo: Lai Hoa)
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Mr. Toledano praised the Vietnamese stock market for achieving impressive results and becoming the market with the greatest liquidity in ASEAN, and said he agreed with the Prime Minister's proposals, saying FTSE Russell is committed to supporting Vietnam’s efforts to upgrade its stock market classification from ‘frontier’ to ‘emerging’. FTSE Russell will share information about Vietnam's reforms and progress with international investors, Mr. Toledano added.
Lai Hoa