Kick-off seminar for the JICA project with the State Securities Commission. (Source: JICA)

According to JICA, this milestone reflects years of market reforms undertaken by the Government of Vietnam, the Ministry of Finance and the State Securities Commission (SSC), enhancing transparency and market accessibility, while demonstrating the country’s growing integration into global financial markets.

JICA is pleased to join tonight’s celebration event, which is held by the SSC in Hanoi, marking this important milestone for Vietnam’s stock market.

Since the resumption of Japanese ODA in 1992, JICA has supported Vietnam’s capital market through policy dialogue, technical cooperation, research and long-term training. Over nearly 25 years, JICA-supported training programs in Japan have helped strengthen the capacity of Vietnamese regulators and market practitioners, many of whom now hold key positions at the SSC and stock exchanges.

A major milestone in this partnership was the Technical Cooperation Project for Capacity Building on Improving Fairness and Transparency of the Vietnamese Equity Market (2019-2023). The project strengthened market surveillance, disclosure standards, market transparency and investor protection, while also supporting the implementation of the 2019 Securities Law, all of which are important foundations for international investor confidence and market accessibility.

At the project closing seminar in March 2023, JICA reaffirmed to keep supporting SSC, stock exchanges and relevant stakeholders through technical cooperation for further promotion of fairness, transparency and efficiency of Vietnam’s securities market in the new development cooperation era. Building on these achievements, JICA and SSC are implementing a follow-on project (2024-2027) focused on promoting market efficiency, risk-based supervision and stronger enforcement.

Mr. Kobayashi Yosuke, Chief Representative of JICA Vietnam, shared, “Vietnam’s FTSE upgrade is the result of sustained reform efforts and strong cooperation among many stakeholders. JICA is honored to have worked alongside Vietnam in strengthening regulatory capacity, investor protection and market transparency.”

Mr. Kojima Kazunobu, JICA Project Chief Expert from Daiwa Research Institute, said, “Vietnam’s securities market has made remarkable progress over the years. Looking ahead, continued reforms under the Government’s strong leadership are expected to help drive sustainable market growth and closer alignment with international standards.”

The FTSE upgrade is expected to improve market visibility, attract international investment and create new opportunities for Vietnamese enterprises. JICA remains committed to supporting Vietnam’s financial　sector development and deeper integration into regional and global markets.