Government determined to upgrade stock market from “frontier” to “emerging”: PM

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(VOVWORLD) -Prime Minister Pham Minh Chinh stressed the need to develop a uniform and comprehensive stock market in sync with the overall financial market of the country, which must be safe, healthy, effective and sustainable.

Government determined to upgrade stock market from “frontier” to “emerging”: PM - ảnh 1Prime Minister Pham Minh Chinh addresses the conference on implementing the task of developing the stock market in 2024. Photo: VGP/Nhat Bac

Addressing a conference on Wednesday in Hanoi, the Prime Minister reiterated the Government’s resolve to upgrade Vietnam’s stock market next year.

“The Government will be determined to upgrade the stock market from frontier  to emerging status and focus on its development in line with the trends of digital economy, green economy, circular economy, sharing economy, and knowledge economy, so that the Vietnamese stock market will develop quickly and sustainably," he said. 

Prime Minister Chinh affirmed that the Government always puts itself in the position of investors and securities issuers to design policies in the spirit of harmonious benefits, shared risks, and protection of the legal and legitimate rights and interests of relevant entities.

According to the Prime Minister, in the past two years, the stakeholders have overcome difficulties together. If 2022 was a year of ups and downs for the market, last year many difficulties were overcome and the situation improved, he said, adding that this year must be the year of acceleration and next year must be the year of breakthrough.

The Prime Minister requested the Ministry of Finance and the State Securities Commission to coordinate with the State Bank, the Ministry of Planning and Investment and relevant agencies to focus on specific action programs for the Securities Market Development Strategy until 2030.