JICA helps Vietnam improve efficiency, transparency of stock market
The Japan International Cooperation Agency (JICA) and the State Securities Commission of Vietnam (SSC) have launched a project to further improve the efficiency and transparency of the Vietnamese stock market.
The technical cooperation project, “Capacity building on promoting efficiency of Vietnamese equity market,” aims to improve the capacity of SSC and three stock exchanges in Hanoi and Ho Chi Minh City through various activities such as close consultancy and capacity building on various related matters.
The project focuses on securities market surveillance and inspection, supervision of market intermediaries, listing and public offerings in line with international standards, and raising awareness on investor protection among listed companies.
This project follows the JICA's "Project for capacity building on improving fairness and transparency of Vietnamese equity market" implemented from 2019 to 2023. It will stretch from April 2024 to March 2027.
Entering a new phase, in the context of the implementation of the "Strategy for the development of Vietnam's securities market to 2030", the Japanese government continues to support the efforts of the Vietnamese government for further enhancement of the capacity of the relevant authorities and upgrade the level of the equity market conducive for sustained socio-economic development of the economy.
The new project also enables the Vietnamese stock market to integrate into the ASEAN and international markets.
At a seminar to mark the launch of the project in Hanoi on Monday, SSC chairperson Vu Thi Chan Phuong recognized the Japanese government’s efforts to support the sustainable, just, and transparent development of the Vietnamese stock market.
State Securities Commission of Vietnam (SSC) Vu Thi Chan Phuong addresses the seminar on the technical cooperation project, “Capacity building on promoting efficiency of Vietnamese equity market” in Hanoi, September 23, 2024. Photo courtesy of SSC.
The new JICA project holds special importance when the Vietnamese government is pursuing a status upgrade for the local stock market from a frontier to an emerging market, noted Phuong.
As of end-August, Vietnam’s stock market was capitalized at $280 billion, up 19.1% from end-2023 and equivalent to 69.2% of the country’s 2023 GDP. The average daily transaction value has risen 31.3% year-on-year in the year to date, to nearly $1 billion.
Foreign investors now hold some $50 billion worth of publicly traded Vietnamese equities, or 17% of the total market cap, Phuong informed.
Satoru Kawasaki, deputy commissioner of the Japan Financial Services Agency (JFSA), presented “Japan's securities market development: experience and lessons,” offering lessons for Vietnamese stakeholders.
Satoru Kawasaki, deputy commissioner of the Japan Financial Services Agency (JFSA), addresses the seminar on the technical cooperation project, “Capacity building on promoting efficiency of Vietnamese equity market” in Hanoi, September 23, 2024. Photo courtesy of SSC.
He said that Japan experienced an economic bubble burst in the 1990s and spent 15 years on handling bad debts and dealing with economic crises. After 30 years, the country has totally got out of deflation and entered a new growth cycle.
“With its lessons, Japan stands ready to support Vietnam in mapping out correctly its economic development path in general and developing its stock market in a sustainable, secure, and transparent manner,” stated Satoru Kawasaki.
Kojima Kazunobu, a JICA consultant, told reporters that it would be great if the SSC-JICA projects could contribute to upgrading the Vietnamese market to an "emerging market" status and its integration into the international capital market.
The Vietnamese authorities are actively implementing measures, such as repealing pre-funding rules for foreign investors, with the aim of upgrading by 2025, and is engaging in dialogues with MSCI and FTSE as well as campaigning in Singapore and Japan.
“I hope that the Vietnamese authorities will continue to implement measures to address the issues raised through dialogues with MSCI and FTSE, and that an upgrade to the government's rating in 2025 will be realized,” said the expert.
- Read More
Indonesia resumes int’l carbon trading after 4-year hiatus
Indonesian President Prabowo Subianto has issued a new decree to restart international carbon emissions trading after a four-year hiatus.
Southeast Asia - Thu, October 16, 2025 | 9:23 pm GMT+7
Investors seek 2-year delay for $2.56 bln LNG power project in northern Vietnam, citing equipment hurdles
Investors of a $2.56 billion LNG-fired power plant in Hung Yen province have proposed delaying the project’s commercial operation schedule by two years due to difficulties securing key equipment.
Energy - Thu, October 16, 2025 | 9:04 pm GMT+7
Vietnam to soon raise taxpayers' personal deduction: official
The personal income tax deduction in Vietnam is "very likely" to increase to VND21.7 million ($823,940) per month, including VND15.5 million (588,530) for the taxpayer and VND6.2 million ($235,410) for each dependent.
Finance - Thu, October 16, 2025 | 6:25 pm GMT+7
Business confidence climbs as reforms gain traction amid global headwinds: EuroCham Vietnam
The index climbed to 66.5, surpassing pre-tariffs level and reaching its highest in three years – showcasing resilience and adaptability amid global headwinds and evolving U.S. tariff pressures.
Economy - Thu, October 16, 2025 | 4:36 pm GMT+7
Vietnam's stock market watchdog suspends two Grant Thornton auditors
Vietnam's State Securities Commission (SSC) has suspended two auditors from Grant Thornton Vietnam after determining that the 2024 audited financial statements of Saigon Water Infrastructure Corporation (HoSE: SII) failed to meet required standards.
Finance - Thu, October 16, 2025 | 3:35 pm GMT+7
Law No. 56 a major policy breakthrough for Vietnam's stock market development
The Law No. 56, effective January 1, 2025, is one of the major legal breakthroughs in recent years that will enhance the transparency and operational efficiency of the Vietnamese stock market.
Finance - Thu, October 16, 2025 | 2:30 pm GMT+7
WHA Group breaks ground on smart technology industrial zone in central Vietnam
Thailand's WHA Group on Tuesday broke ground on a world-class, modern, and environmentally friendly industrial zone in central Vietnam, namely the WHA Smart Technology Industrial Zone-Thanh Hoa.
Real Estate - Thu, October 16, 2025 | 2:00 pm GMT+7
Vietnam a key partner in Murphy Oil’s global strategy: exec
Vietnam remains a key partner in Murphy Oil’s global business strategy, said Eric Hambly, the U.S. corporation's president and CEO.
Companies - Thu, October 16, 2025 | 12:06 pm GMT+7
VNPT, Qualcomm debut Vietnam’s 1st original design-based excellence center
State-owned Vietnam Posts and Telecommunications Group (VNPT) and Qualcomm have officially launched the VNPT-Qualcomm Excellence Center (VQEC), the first facility in the country to operate under an original design co-development model using Qualcomm’s core technologies.
Companies - Thu, October 16, 2025 | 8:41 am GMT+7
Indonesia enjoys steady growth in nine months
Indonesia's Ministry of Finance on Tuesday announced the country’s 2025 budget performance as of September, reporting that Southeast Asia’s largest economy continued to post steady growth despite global economic uncertainties.
Southeast Asia - Wed, October 15, 2025 | 9:53 pm GMT+7
Malaysia on progressive path towards AI nation status: experts
Malaysia is on a progressive track towards becoming an Artificial Intelligence (AI) nation by 2030, a goal seen as achievable under Budget 2026 - the Malaysian Government’s fiscal and policy framework for 2026.
Southeast Asia - Wed, October 15, 2025 | 9:44 pm GMT+7
Thailand steps up development of semiconductor industry
Thailand’s Board of Investment (BOI) plans to propose a new national semiconductor and advanced electronics policy board to the government, which will spearhead Thailand’s semiconductor development strategy.
Southeast Asia - Wed, October 15, 2025 | 9:40 pm GMT+7
ASEAN sets ambitious energy targets
Senior energy officials from ASEAN member nations and Timor-Leste on Tuesday convened in Kuala Lumpur, Malaysia, to finalize key outcomes and policy recommendations to be submitted to the 43rd ASEAN Ministers on Energy Meeting (AMEM).
Southeast Asia - Wed, October 15, 2025 | 9:33 pm GMT+7
Sun Group gets nod for $375 mln inland waterway tourism project in central Vietnam
A subsidiary of Sun Group, one of Vietnam’s leading real estate developers, has received approval to invest VND9.88 trillion ($375 million) in an inland waterway tourism project in the central coastal city of Danang.
Industries - Wed, October 15, 2025 | 5:21 pm GMT+7
Vietnamese luxury car dealer Haxaco’s business slumps, stock nears two-year low
The operations of Hang Xanh Automobile Service JSC or Haxaco (HoSE: HAX), known as the largest distributor of Mercedes-Benz vehicles in Vietnam, are under pressure as consumers tighten spending and competition among car brands intensifies.
Companies - Wed, October 15, 2025 | 5:13 pm GMT+7
Vietnam sets 2026 GDP growth target at 10%
The Vietnamese Government has set the targets for economic expansion in 2026 at about 10% and inflation at 4.5%.
Economy - Wed, October 15, 2025 | 4:28 pm GMT+7
- Consulting
-
Vietnam's International Financial Center ambition can unlock new wave of innovation
-
Vietnam’s rapid capital market reforms set to pay dividends in coming decades
-
VN-Index valuation might offer '15-20% upside' in next 12-18 months
-
Opportunities for breakthrough growth in industrial and residential real estate in Hanoi’s satellite provinces
-
The six-year switch: The rise of multi retirements
-
Formalizing Vietnam’s digital assets markets




















