London — On the morning of September 15 (local time), Vietnam’s Minister of Finance Nguyễn Văn Thắng and a delegation from the Ministry of Finance met with the London Stock Exchange (LSE) to strengthen cooperation and discuss Vietnam’s ongoing efforts to upgrade its stock market status.
During the meeting, Minister Thắng praised the collaboration between LSE, FTSE Russell, and the State Securities Commission of Vietnam (SSC), and provided updates on Vietnam’s economic performance and capital market development. He also noted that SSC Chairwoman Vũ Thị Chân Phương would hold a separate working session with FTSE Russell to directly address criteria for Vietnam’s market reclassification.
The Ministry of Finance will also host an Investment Promotion Conference in London on September 16, aimed at giving global investors a comprehensive view of Vietnam’s financial markets.
Minister Thắng reported that by the end of August 2025, Vietnam’s stock market capitalization had reached nearly USD 352 billion, equivalent to 79.5% of estimated 2024 GDP. Market liquidity has improved significantly, with several sessions recording over USD 3 billion in trading value. On average, daily trading since the beginning of the year has exceeded USD 1.1 billion, placing Vietnam among the most active markets in ASEAN.
LSE CEO Julia Hoggett highlighted ongoing initiatives to support Vietnam’s market upgrade, including:
- Collaboration between FTSE Russell and SSC to address outstanding barriers.
- An MoU on index development cooperation between Vietnam Exchange (VNX) and FTSE Russell.
Minister Thắng emphasized that the Vietnamese government has introduced strong reforms and immediate policy measures to create favorable conditions for foreign capital inflows. He proposed further cooperation with LSE in areas such as legal framework development, market supervision, international governance standards, ESG adoption, and diversification of products like green bonds, sustainable bonds, and derivatives.
For its part, LSE expressed strong confidence in Vietnam’s market outlook. Julia Hoggett affirmed that LSE would continue to support Vietnam’s upgrade to emerging market status, positioning London as a “gateway” for Vietnam to connect with global investors.
At the meeting, witnessed by Minister Thắng, Ambassador Đỗ Minh Hùng, SSC Chairwoman Vũ Thị Chân Phương, and LSE CEO Julia Hoggett, the Vietnam Stock Exchange (VNX) signed a Memorandum of Understanding (MoU) with FTSE International Limited. The agreement establishes a strategic partnership to strengthen Vietnam’s capital market infrastructure and accelerate global integration.
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Source: Vietnam Insider