Vietnam eyes stronger capital market with reforms and global upgrade ambitions
Hanoi, July 7 -- Vietnam is stepping up efforts to build a stronger, safer and more transparent capital market, with stock market reforms expected to attract more foreign investment and support long-term economic growth. The country's ambition is clearly set out in the Politburo's Resolution No. 10-NQ/TW on developing the foreign-invested sector, which targets an upgrade of Vietnam's stock market to Morgan Stanley Capital International (MSCI) Emerging Market status before 2030. The goal marks a new stage in Vietnam's capital market development, positioning the stock market as a major channel for mobilising long-term funds for businesses and the economy. According to the State Securities Commission (SSC), many targets under the national st...
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