Vietnamese securities officials seek to attract Japanese, S.Korean investors
Wednesday, March 13, 2024, 16:18 GMT+7
Vietnamese officials have been organizing many local and international investment promotion programs to call on Japanese and South Korean firms to tap the local securities sector.
Minister of Finance Ho Duc Phoc on Tuesday chaired a promotion conference in Japan, following a successful trip to South Korea to draw foreign capital to Vietnam’s stock market.
These events were part of the Southeast Asian country’s financial investment promotion strategy in 2024.
“We are looking forward to seeing Japanese firms’ success in the Vietnamese securities industry,” said Minister Phoc.
Addressing the conference, the official introduced the growth of the local stock market to Japanese investors.
He underscored that Vietnam is moving toward upgrading its stock market to secondary emerging from frontier.
The Ministry of Finance and the State Securities Commission of Vietnam (SSC) have been initiating various activities to deepen cooperation with foreign partners, while stepping up efforts to remove obstacles facing foreign firms who are investing in Vietnamese securities.
During the conference, many Japanese investors showed their interest in the Vietnamese stock market.
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| Vietnam’s securities officials are seeking to attract foreign capital. Photo: SSC |
SSC chairwoman Vu Thi Chan Phuong directly discussed related issues with participating Japanese firms.
The leaders of the Ministry of Finance and SSC held a meeting with 300 South Korean financial institutions, banks, investment funds, and securities firms in Seoul last week.
As part of the trip to South Korea, Phuong signed a memorandum of understanding with Yoo Seok Seo, president of the Korea Financial Investment Association, on cooperation in consulting and technical supporting aspects.
“The Vietnamese Ministry of Finance is committed to accompanying firms in the two nations to raise bilateral trade to US$150 billion in 2030,” she said.
“South Korea is one of Vietnam’s biggest direct and indirect investors," Minister Phoc underlined.
"Vietnam always welcomes South Korean enterprises for their new investments and business expansion.”
Takafumi Oue, head of Daiwa Securities Group Inc.’s representative office in Vietnam, said that since 2008, the Japanese firm has been cooperating with SSI Securities Corporation to conduct several deals in the Vietnamese financial market.
He unveiled that the firm would expand its operation in Vietnam in the foreseeable future.
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