SSC pushes for greater FIE participation in Vietnam s stock market
Vietnam s capital market is entering a new phase of development as demand for medium and long term capital grows with internationally backed companies seen as key to adding quality listings and increasing market size
At a September 17 seminar, Hoang Van Thu, vice chairman of the State Securities Commission (SSC), discussed the commission's plans to increase participation of foreign-invested enterprises (FIEs) in Vietnam's stock market. Thu emphasized that as Vietnam aims for significant growth, the capital market must evolve into a modern resource mobilization and allocation system to support long-term economic resilience and growth.
Currently, the stock market is developing towards greater openness, transparency, and depth. Expanding FIE participation is crucial to mobilizing resources from the private sector, foreign-invested firms, and international financial institutions for national development. Despite the rising inflow of foreign direct investment (FDI), FIEs' presence on Vietnam's stock market remains limited.
Only 11 FIEs have listed since the market's inception, with most of them having departed due to losses. Currently, the total capital and assets of these 10 firms constitute less than 0.15% of the entire market.
Thu explained that FIEs should have equal treatment with domestic enterprises in accessing capital and stock markets. The government has been working to simplify procedures, reduce costs, and align regulations with international standards. Recent amendments, such as Decree No.245/2025/ND-CP and Circular No.08/2026/TT-BTC, have streamlined the regulatory environment.
Additionally, the Law on Securities is being revised to decrease business conditions and administrative burdens, thereby improving efficiency and reducing costs for businesses.
Looking ahead, Thu anticipates that FIEs planning to sustain or expand their operations in Vietnam should proactively utilize stock market tools like share and bond issuances. The regulatory authorities will continue to enhance the institutional framework, investment environment, and FDI policies, while promoting openness, transparency, and non-discrimination.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
