Minister of Finance Ho Duc Phoc said that in recent years, despite the challenges and difficulties of the global economy, Vietnam has emerged as a country with prospects for solid and stable economic growth and controlled inflation.

According to the Minister, Vietnam's GDP growth in 2023 is estimated to reach over 5%, and is expected to grow by about 6-6.5% in 2024. Macroeconomic balances are increasingly sustainable. Export growth through diversification of partners and industries; attracting FDI through favorable policy mechanisms for investors; low public debt, and abundant fiscal space are fundamental advantages for Vietnam to maintain its long-term growth prospects.

Sharing about the implementation of the Socio-Economic Development Strategy, the Minister said that Vietnam continues to focus on implementing three strategic breakthroughs, including perfecting and improving the quality of institutions, comprehensively developing human resources and perfecting synchronous economic infrastructure. To achieve these goals, Vietnam needs to mobilize both internal and external resources, from foreign direct and indirect investment, developing capital markets, stock markets, developing green economy, circular economy, and promoting digital transformation.

“We will inform investors about positive signals of the macro economy and the Government's management policies, and are ready to exchange, discuss and respond to the concerns of delegates to strengthen and connect US investors with Vietnam, while implementing the Vietnam-US Comprehensive Strategic Partnership in the statement of US President Joe Biden's visit to Vietnam,” the Minister affirmed.

At the discussion session, many foreign investors expressed their interest in information related to Vietnam's economic prospects, tax incentives for foreign investors in the Vietnamese market and policies to attract foreign investment, especially the work of upgrading Vietnam's stock market from a frontier market to an emerging market.

Answering questions from foreign investors, Chairwoman of the State Securities Commission Vu Thi Chan Phuong (SSC) shared about the upgrading work, as well as the benefits and challenges of upgrading the Vietnamese stock market.

The Chairman said the upgrade would bring many benefits to the stock market, including attracting indirect foreign capital flows; improving the ability to value stocks, positively impacting the Government's equitization process; increasing the number of large-scale institutional investors, diversifying the investor base; and attracting more new foreign investors.

"Thereby, it will have a positive impact on the liquidity of the stock market and the development of the market towards approaching international standards and practices in business operations and corporate governance," said the Chairman of the State Securities Commission.

Providing further information to investors, the Chairman of the State Securities Commission emphasized that upgrading the stock market is not only an effort of the state management agency but also a joint effort of market members. Along with the determination of the Vietnamese Government in implementing solutions to resolve issues related to market upgrading, the Vietnamese stock market will be an attractive investment and business destination for domestic and foreign enterprises and investors.