PM seeks FTSE Russell’s help to upgrade stock market status
FTSE Russell’s Global Head of Equity and Multi Asset Gerald Toledano praised Vietnam’s reform momentum, noting that its stock market, now the most liquid in ASEAN, has surpassed those of Thailand and Singapore.
PM Pham Minh Chinh (R) and FTSE Russell’s Global Head of Equity and Multi Asset Gerald Toledano (Photo: VNA)
Hanoi (VNA) - Prime Minister Pham Minh Chinh on July 17 ca🥃lled on FTSE Russell, a me꧙mber of the London Stock Exchange Group, to continue partnering with the Vietnamese Government and regulators, offering practical recommendations to upgrade Vietnam’s stock market status from "frontier" to "emerging".
During a reception in Hanoi for FTSE Russell’s Global Head of Equity and Multi Asset Gerald Toledano, PM Chinh called modernising Vietnam’s capital markets a linchpin for mobilising private investments at home and abroad.
He highlighted Vietnam’s aggressive push for stock market reforms to foster a transparent, investor-friendly environment. The Government has already submitted a revised Securities Law to the National Assembly and a resolution to establish an international financial centre.
At the reception (Photo: VNA)
The PM urged FTSE Russell to support Vietnam’s efforts by delivering objective and comprehensive assessments of its economy and capital markets, sharing international best practices, and aiding the building of a modern legal and regulatory framework. He also sought assistance in upgrading market infrastructure, training quality financial professionals, and creating an international financial hub to draw global capital.
In response, Toledano praised Vietnam’s reform momentum, noting that its stock market, now the most liquid in ASEAN, has surpassed those of Thailand and Singapore.
He reaffirmed FTSE Russell’s commitment to aiding Vietnam’s emerging market bid, pledging to back its economic goals through 2045 and share its progress to global investors./.
Deputy Minister of Finance Nguyen Duc Chi said the upgrade would open doors for global funds eyeing exposure to one of Asia’s fastest-growing economies.
In recent months, the ministry has worked closely with relevant agencies to enhance both the legal framework and market infrastructure. As a result, the majority of key criteria for reclassification have now been met.
The Ministry of Finance (MoF) is actively implementing a comprehensive plan to enhance market capabilities and meet the stringent criteria set by international rating agencies such as FTSE Russell and MSCI.
The top legislator urged the SAV and SAO to advance their 2025-2028 medium-term cooperation plan and the 2021-2030 strategy, asking for more exchanges of delegations and expertise, particularly in digital transformation and staff training.
Cambodia always remembers and appreciates Vietnam’s support for Cambodia’s escape from the Pol Pot genocidal regime, said Secretary of State Ung Rachana of the Cambodian Ministry of Foreign Affairs and International Cooperation.
The 27th Party Congress of the VNA elected a 27-member Party Committee for the new term and a delegation of six official and two alternate delegates to attend the first congress of the Government's Party Organisation.
The Foreign Ministry spokeperson was responding to a reporter's question regarding July 12, 2025, which marked the 9th anniversary of the ruling by the Permanent Court of Arbitration (PCA) in the East Sea arbitration case between the Philippines and China under Annex VII of UNCLOS.
The two sides agreed to enhance information sharing and policy consultation at all levels – from technical experts to government leaders – to promptly address issues arising during the course of cooperation, and to seek flexible solutions to balance and raise bilateral trade.
Nominees for the National Assembly Party Committee members must demonstrate political mettle, intellect, moral integrity, prestige and proven competence to fulfill the mission entrusted by the Party, the NA, and the people
According to the Vietnamese Embassy in Cambodia, 140 Vietnamese citizens were temporarily detained by Cambodian authorities in Phnom Penh on July 14 due to suspected involvement in online scam activities.
Vietnam has invited the defence ministers of Russia, China, Laos, Cambodia, Cuba, Belarus, Kazakhstan, and Azerbaijan to attend the celebration of the 80th National Day anniversary on September 2; and five countries – Russia, China, Laos, Cambodia, and Belarus – to send forces to participate in the parade at the National Day celebration.
The top legislator will attend the Sixth World Conference of Speakers of Parliament in Switzerland, engage in bilateral activities there, and pay official visits to Morocco and Senegal from July 22 to 30.
The Party Central Committee’s Politburo and Secretariat on July 17 considered and issued disciplinary measures against two incumbent and former officials for serious violations of the Party's regulations and the State's laws while performing their duties.
The two sides discussed ways to accelerate joint projects and agreements and expand the list of Vietnam’s exports to China. They also proposed boosting cooperation in vocational training, especially in high-tech industries and sustainable agriculture, to meet the development needs of both sides.
The rehearsal comprised two main segments featuring a formation of 18 standing blocks and 43 marching ones, including seven female military units covering military music, medical officers, Vietnamese peacekeepers, special forces, communications soldiers, ethnic militia, and southern guerrillas, alongside two female police units representing traffic police officers and special task force personnel.
PM Pham Minh Chinh asked the VNA Party Organisation and its journalists to uphold the legacy of the agency that has received the hero title for three times, and maintain internal unity and its leadership in alignment with the Party’s guidelines and the State's laws.
The 27th Party Congress of the Vietnam News Agency (VNA) for the 2025 - 2030 term took place at the VNA's headquarters on July 17. Prime Minister Pham Minh Chinh attended and sent flowers to the event.
Prime Minister Pham Minh Chinh requested a focus on implementing relevant resolutions and conclusions on the restructuring of the political system’s organisational apparatus and the reorganisation of administrative units.
During the meetings, NA Vice Chairman Vu Hong Thanh congratulated South Africa on its significant achievements in national development, particularly in implementing the goals of the "National Development Plan 2030" to improve living standards and reduce poverty and inequality
During a meeting with Fung Wai Ka Thomas, Director of CCC Infrastructure, and Lai Rong Huo, Chairman of Shenzhen Hero Group, Deputy PM Dung welcomed their interest and plans to invest in Vietnam, especially in the field of smart urban development.
Politburo member, Secretary of the NA Party Committee, and NA Chairman Tran Thanh Man attended the 15th Congress of the Party Organisation of the National Assembly (NA) Office for the 2025–2030 term in Hanoi on July 16.
