At the meeting, Chairwoman of the State Securities Commission (SSC) Vu Thi Chan Phuong updated the development of the Vietnamese stock market and the latest information on the process of upgrading the stock market. Nearly a year after the meeting with the market rating organization Morgan Stanley Capital International (MSCI) in Hong Kong (China); the Ministry of Finance, the SSC has implemented many more solutions to facilitate investors to participate in the Vietnamese stock market.

In particular, the SSC has drafted a Circular amending and supplementing 4 circulars on transactions, registration, depository and clearing, operations of securities companies, and information disclosure, and so far. The relevant payment process is also being developed simultaneously to ensure that the new regulations will be effectively implemented as soon as they are issued. During the policy development process, the SSC has had many working sessions with market members and consulted with many experts from international organizations to come up with the most feasible and optimal solutions.

Also at the meeting, in response to the MSCI representative's concern about the orientation of attracting foreign securities companies to operate in Vietnam, the Chairman of the State Securities Commission said that Vietnam always welcomes and Vietnamese law does not restrict the operations of foreign securities companies in Vietnam. Currently, there are 8 foreign securities companies in Vietnam from many countries and territories such as Japan, Korea, Taiwan (China)... and large domestic securities companies also have the participation of many strategic shareholders who are foreign investors, such as the presence of Hana Bank - Korea at BSI Securities Company, Daiwa Securities Company - Japan at SSI...

In addition, regarding the desire to share information on amending regulations to simplify procedures for opening indirect investment capital accounts in Vietnam, a representative of the Foreign Exchange Management Department (State Bank) also said that the State Bank is studying this content to amend and supplement Circular No. 05/2014/TT-NHNN on guiding the opening and use of indirect investment capital accounts to carry out foreign indirect investment activities in Vietnam.

On MSCI's side, Mr. Miguel - Head of Market Index Research Department - highly appreciated the efforts and solutions of the State Securities Commission to promote the process of upgrading the stock market and the development achievements of the Vietnamese stock market in recent times.

MSCI representative affirmed that the solutions of Vietnamese management agencies are on the right track. At the same time, it will create more favorable conditions for foreign investors to participate in the market. In addition, MSCI will share this new information with members and customers so that they can grasp, experience and have assessments to serve the classification of Vietnam's stock market in the coming time.