Investors watch the market's movements at a trading floor of a securities firm. — VNA/VNS Photo

HÀ NỘI — The State Securities Commission of Việt Nam (SSC) is expected to take bold steps in 2025 to solidify the nation’s stock market as a cornerstone of its financial system.

With a clear mandate to enhance market resilience, transparency and competitiveness, the SSC has outlined a comprehensive strategy to advance the market's role in mobilising medium- and long-term capital.

Despite global geopolitical tensions and economic uncertainties, 2024 marked a year of resilience for Việt Nam’s stock market. Under the leadership of the SSC and guidance from the Ministry of Finance, the market continued its growth trajectory.

Strategic efforts in legal framework development, market supervision and technological modernisation played a key role in maintaining stability and investor confidence this past year.

The SSC also made significant progress in organisational restructuring, aligning its operations with international standards. These efforts reflect the Government’s broader agenda of creating a streamlined and effective public sector to support national economic growth.

At the annual conference summarising the SSC’s performance in 2024 and setting the agenda for 2025 on Wednesday, Minister of Finance Nguyễn Văn Thắng expressed his appreciation for the SSC's achievements. He also outlined five critical missions to guide the SSC in the coming year, emphasising the importance of reform and innovation.

Specifically, he asked the commission to focus on improving the regulatory environment and prioritising the amendment and supplementation of the Securities Law under Law No. 56/2024/QH15.

The SSC will implement measures outlined in the Prime Minister’s 2030 Stock Market Development Strategy, a blueprint for building a modern, efficient and globally integrated stock market.

To ensure effective governance and operational efficiency, the SSC will accelerate its organisational restructuring, ensuring that the organisation can meet the demands of a rapidly evolving financial landscape.

On the other hand, maintaining market stability and leveraging digital technologies to enhance efficiency and transparency remain a top priority for the SSC. This would help position Việt Nam’s stock market closer to global norms.

By aligning with global standards, the SSC seeks to attract more foreign investment and enhance Việt Nam’s reputation in the international financial community.

Innovation is a key pillar of the SSC’s 2025 agenda, Thắng added. The commission needs to reorganise market listings to reflect the evolving needs of the financial ecosystem, while developing secondary markets for carbon credit trading and creating platforms for innovative start-ups.

Additionally, the SSC will accelerate its digital transformation efforts. Modernising administrative processes and adopting advanced technologies are central to enhancing operational efficiency.

The commission will also strengthen its oversight functions, focusing on risk management and fraud prevention.

Investor education will remain a cornerstone of the SSC’s strategy. By promoting financial literacy and raising awareness of market risks, the SSC aims to build a more informed and confident investor base. These efforts are crucial for fostering a sustainable and resilient stock market.

Sustainability and growth

Thắng expressed confidence in the SSC’s ability to execute its ambitious agenda. He highlighted the importance of collaboration among SSC officials, market operators and businesses in achieving shared goals.

“The stock market is not only a tool for capital mobilisation, but also a vital instrument for macro-economic management. Its development will contribute significantly to Việt Nam’s socio-economic progress," Thắng said.

SSC Chairwoman Vũ Thị Chân Phương reaffirmed the commission’s dedication to its missions. She emphasised the collective determination of SSC officials, stock exchanges and the Việt Nam Securities Depository and Clearing Corporation to overcome challenges and deliver outstanding results.

“Our goal is to ensure the stock market’s steady and sustainable growth, contributing to Việt Nam’s long-term economic success,” Phương said. “With unity and determination, we will lay the foundation for a prosperous decade ahead.” — VNS