JICA helps Vietnam improve stock market

ABO/NDO- The Japan International Cooperation Agency (JICA) held a workshop on March 21 to review a technical cooperation project on capacity building towards improving fairness and transparency in Vietnam’s equity market and discuss the Vietnam stock market development strategy in the 2021-2030 period.

The consulting team of JICA including Japanese experts from Daiwa Institute of Research, Nomura Research Institute and Japan Securities Company assessed the project and made policy recommendations for the new development strategy of Vietnam’s stock market.

The workshop especially welcomed the speech of Commissioner of the Financial Services Agency (JFSA) Junichi Nakajima on Japan’s efforts to develop the stock market, which provided a lot of valuable lessons for relevant units in Vietnam.

Delegates attend the workshop.

In order to improve the capacity of the State Securities Commission of Vietnam and three Stock Exchanges (Vietnam, Hanoi and Ho Chi Minh City Stock Exchanges), the project was completed after four years, which brought about practical knowledge as well as methods related to legal activities in Japan and other advanced capital markets, thus helping improve Vietnam’s stock market up to international standards.

The project focuses on four areas, including securities market supervision and inspection, supervision of market intermediaries, management of listing and public offering of securities according to international standards, and raising awareness of the responsibility to protect investors of listed companies.

In addition, the project also supported the drafting of decrees and circulars under the new Law on Securities promulgated in 2019.

(Source: NDO)