Enhancing game bet88 efficiency of Vietnam's equity market with support from Japan

game bet88 State Securities Commission of Vietnam (SSC), in partnership with game bet88 Japan International Cooperation Agency (JICA), recently launched game bet88 Technical Cooperation Project for “Capacity Building on Promoting Efficiency of game bet88 Vietnamese Equity Market”.

This project builds on game bet88 earlier initiative, "Capacity Building to Improve Fairness and Transparency in game bet88 Vietnamese Stock Market," which JICA implemented from 2019 to 2023.

Running until 2027, game bet88 new project involves JICA experts providing technical assistance to game bet88 SSC and three stock exchanges in Hanoi and Ho Chi Minh City through consultations and capacity-building initiatives. Key focus areas include market supervision, securities market inspections, oversight of intermediaries, and ensuring compliance with international standards for listings and public offerings.

“This project will also raise awareness among listed companies about their responsibility to protect investors,” said Ms. Vu Thi Chan Phuong, Chairwoman of game bet88 SSC. “With JICA’s vast experience in developing Japan’s stock market, they are well-positioned to support Vietnam’s efforts to modernize its own stock market in alignment with our strategic goals.”

game bet88 partnership aims to enhance game bet88 SSC’s capacity to manage game bet88 market and protect investors' interests as Vietnam works towards a market upgrade. game bet88 JICA initiative will also accelerate game bet88 integration of Vietnam’s stock market into ASEAN and global financial systems.

By game bet88 end of August, Vietnam’s stock market capitalization exceeded VND7 quadrillion (3.07 billion), reflecting a 19 per cent increase since game bet88 end of last year. Foreign investors currently hold about billion worth of shares, representing 17 per cent of game bet88 market's capitalization.

Fosteringstockmarketcollaboration

game bet88 new project comes at a time when Vietnam is implementing its "Strategy for game bet88 Development of game bet88 Securities Market to 2030." Japan continues to support Vietnam’s efforts to further enhance regulatory authorities’ capacity and upgrade game bet88 equity market, which is crucial for game bet88 country's socio-economic development.

JICA’s Chief Consultant, Mr. Kazunobu Kojima, highlighted game bet88 potential of game bet88 SSC-JICA projects to contribute to Vietnam's upgrade to "emerging market" status and its integration into game bet88 global capital market. He added that by 2030, it would be a great achievement to strengthen Vietnam’s primary market and adopt international equity capital market standards.

He elaborated on how game bet88 new project will focus on three main areas:

First,‘Strengthening market surveillance capabilities’– to improve detection and prevention of unfair trading by securities authorities and exchanges.

Second,‘Improving game bet88 quality of market intermediaries’– focusing on securities and fund management companies.

And third,‘Improving capabilities in managing public offerings and listings’– aligning public offerings with international standards and improving listing standards, disclosure, and examination processes.

"We are expected to support legal reforms related to each theme, discuss specified topics with market participants, assist in game bet88 creation of operation manuals, and hold seminars for listed companies,"Mr. Kojima shared.

Drawinginterest from Japaneseinvestors

There is significant potential interest from foreign investors, including Japanese investors, in game bet88 Vietnamese stock market, Mr. Kojima emphasized. If large companies and emerging businesses with investment appeal raise funds through IPOs and go public, a substantial influx of foreign capital is expected. Unfortunately, IPOs and new listings on game bet88 Vietnamese stock market have been stagnant in recent years.

Additionally, he went on, game bet88 best opportunity for foreign investors to invest in Vietnamese stocks is through participation in an IPO. However, Vietnam’s current IPO auction process makes it difficult for them to engage. In this regard, it is hoped that an IPO method compatible with international standards, such as underwriting or book building, will be established.

Regarding game bet88 third area of game bet88 newly launched project, “Improvements in public offerings and listings in line with international standards,” it is anticipated that this could lead to significant positive changes for foreign investors if progress is made in shifting Vietnam's current IPO process from auction to an underwriting and book building method, where IPOs are launched simultaneously with listing approval. “If this can be achieved, foreign investors, including Japanese investors, will have game bet88 opportunity to invest in attractive newly listed stocks from game bet88 IPO stage, which is expected to significantly increase their investment opportunities in Vietnamese stocks,” Mr. Kojima concluded.