{
  "id": 327855,
  "title": "Financial reform plan targets long-term capital, institutional investor growth",
  "url": "https://urgent.news/2026/08/04/financial-reform-plan-targets-long-term-capital-institutional",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-04T00:38:25.000Z",
  "source": {
    "name": "SGGP English Edition Business",
    "slug": "sggp-english-edition-business",
    "url": "https://en.sggp.org.vn/financial-reform-plan-targets-long-term-capital-institutional-investor-growth-post128542.html"
  },
  "original_language": "en",
  "account": "The \"Comprehensive Reform Plan for Vietnam's Financial Market\" aims to shift the investor base from retail to institutional investors, prioritizing financially robust entities such as investment funds, pension funds, and insurance companies. This shift is essential for redirecting capital from short-term investments to medium- and long-term financing, promoting a deeper and more sustainable development of the capital market. The plan envisions a modern, globally integrated financial market in Vietnam with a balanced framework that strengthens the market's role as a vital source of medium- and long-term capital, crucial for sustaining high economic growth through 2045. By 2030, foreign investors' assets in the capital and securities markets are expected to account for approximately 15% of GDP, while the combined net asset value of securities investment funds is projected to equal 5% of GDP. The total assets of pension funds are targeted to grow at an average annual rate of 11.5% between 2026 and 2030. The plan also seeks to encourage expansion in medium- and long-term capital flows by fostering a more sustainable investor base. Currently, individual investors make up around 85% of the country's stock market participants, while institutional investors represent a smaller share, unlike in more mature markets like the US, Europe, and Japan, where institutional investors typically account for 60-80% of market participation. The imbalance in investor structure has contributed to increased market volatility and a strong preference for short-term trading, which is not conducive to developing the stock market as the economy's primary channel for mobilizing medium- and long-term capital.",
  "summary": "A key component of the comprehensive reform plan for the country's financial market is the gradual shift in the investor base from retail to institutional investors, with priority given to developing financially strong institutional investors.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}